Dwelling values rose by 1.1% over the month of December and by 4.0% over the quarter to finish out 2019 on a positive note according to the CoreLogic national home value index This result represents the fastest rate of national dwelling value growth over any three month period since November 2009. The premium markets experienced…
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
Dwelling values rose by 1.1% over the month of December and by 4.0% over the quarter to finish out 2019 on a positive note according to the CoreLogic national home value index. This result represents the fastest rate of national dwelling value growth over any three month period since November 2009. Darwin was the only…
2019 will go down as the year when new records were set. For 2020, we’re likely to see markets in recovery mode as housing prices catch up and then overtake their previous record highs, however we expect the rapid rate of capital gains seen over the second half of 2019 to lose steam as stock…
2019 will go down as the year when new records were set. For 2020, we’re likely to see markets in recovery mode as housing prices catch up and then overtake their previous record highs, however we expect the rapid rate of capital gains seen over the second half of 2019 to lose steam as stock…
The Australian Bureau of Statistics reports on housing prices quarterly using a stratified median methodology. This method is different to CoreLogic’s hedonic regression series; in simple terms, the stratification methodology measures price changes across a number of ‘strata’ or sub-regions before aggregating the data back to the capital city level. Generally the ABS and CoreLogic…
Spurred on by a rise in national dwelling values after a long period of decline, property values around Australia are now up 4.7% since finding a floor in June through to the end of November. The rebound in housing values has been largely driven by Sydney and Melbourne where values have recovered by more than…
CoreLogic’s national Home Value Index surged 1.7% higher over the month and delivered the fifth consecutive monthly increase, coupled with the largest monthly gain in the national index since 2003. Since finding its trough in June earlier this year, the national dwelling value index has recovered by 4.7%. Although values are recovering rapidly, at a…
The number of residential properties advertised for sale this spring has been lower than last year across every capital city due to both less fresh stock being added to the market together with a rise in buyer activity. The number of new listings added to the national housing market through November was up 56% from…
Nationally, dwelling values have risen at roughly the same pace as household incomes over the past decade providing a relatively steady ratio of dwelling values relative to household incomes. At the same time, mortgage rates have fallen to generational lows, leading to an improvement in loan serviceability. The decade ending in June 2019 has seen…
Since moving through a trough in May, the value of new owner occupier home loan commitments has increased by 17.3% through to the end of September and the value of investor loan commitments is up 8.4%. The latest ABS data on new housing credit showed a sharp rise in the value of home loan commitments,…
