There are some reasons to be optimistic about Australian property in 2020, but there are also key vulnerabilities in the economy as a whole, as well as variations across Australian dwelling markets to be considered. Historic negative economic shocks have seen dwelling values relatively insulated. However, transaction activity has been more impacted. The same phenomenon…
Articles by Tim Lawless
Tim heads up the Core Logic RP Data research and analytics team, analysing real estate markets, demographics and economic trends across Australia. Visit www.corelogic.com.au
What’s going on in our property market in these uncertain times? How has COVID 19 affected us? That’s clearly important to know because the performance of the property market directly and indirectly impacts the livelihood and success of hundreds of thousands of Australian individuals and businesses. Property remains the largest asset class in Australia by…
Australian housing values have not seen any evidence of a material decline in April, despite a sharp drop in market activity and a severe weakening in consumer sentiment. Although most regions recorded a rise in home values through April, the national monthly pace of growth more than halved, dropping from 0.7% in March to 0.3%….
What lessons can you learn from those who made a profit in property last year? Or from those who sold at a loss last year? While the world in property has changed turned on its head in the last few weeks, there are still lessons to be learned from the latest Corelogic Pain and Gain…
Who won and who lost in property? That’s what Corelogic’s pain and gain report tracks and nationally, loss making resales trended lower over the December 2019 quarter, to comprise 11.3% of all resales over the three month period. This was the fifth consecutive month that the portion of loss making resales declined. Of course, being…
The proportion of homes sold at a profit was rising late last year as the housing market rebounded from its slump, according to the latest Corelogic Pain and Gain report. But this was based on sales from before the coronavirus outbreak and things are very different now. Clearly real estate transaction volumes will continue fall…
The trend in housing values remained positive throughout March, with the CoreLogic national hedonic index rising 0.7% over the month. Although housing values continued to rise, the second half of the month experienced a weakening in the growth trend as confidence slumped and social distancing policies took effect. The national March reading emerged as the…
The CoreLogic February 2020 Home Value Index results confirmed that nationally, housing values surged by 1.1%, with values across five of Australia’s eight capital cities reaching a record high. A rebound in the pace of capital gains across the Australian housing market throughout February saw the national index rise by 1.1% over the month, with…
Australia’s housing value rebound continued into 2020 with the CoreLogic national home value index up by 0.9% over the first month of the year. This now takes the annual growth rate to 4.1%; the fastest pace of growth for a twelve month period since December 2017. Housing values rose in January across every capital city…
In 2020, it’s unlikely we’ll see such a rapid rise in capital gains as seen throughout the second half of 2019 despite the expectation that mortgage rates will move lower over the first half of the year; several factors are likely to act as counterweights to this stimulus. Housing values are expected to rise through…
