Tim is Research Director at Cotality (formerly CoreLogic), analysing real estate markets, demographics and economic trends across Australia. Visit www.corelogic.com.au
Today’s 25 basis point cut to the cash rate marks a further shift toward more accommodative monetary policy. With both headline and core inflation now within the RBA’s 2—3% target range —and no signs of a wage-price breakout despite ongoing tightness in the labour market — the RBA’s decision to lower rates for the second time…
Housing has emerged as a pivotal issue in the upcoming federal election, with housing policies taking centre stage in the political debate and dominating discussion among voters. And rightly so. An imbalance between housing supply and demand, alongside cost-of-living pressures, high interest rates and low savings has pushed the cost of owning or renting a…
In a decision that was almost universally expected, the RBA kept the cash rate on hold at 4.35% at the September meeting. With the US recently dropping their cash rate target by 50 basis points last week, alongside earlier cuts from the UK, Canada, NZ, China and the EU (among others), the RBA’s decision to…
Amidst Australia’s historic two-year rate hike cycle, the property market has become a picture of resilience and decline, showcasing stark contrasts across cities, suburbs, and regions. A CoreLogic Australia analysis comparing the property market’s performance two years before and after the rate hike cycle reveals that home values across the nation have risen only 2.8%…
The interest rate outlook has changed remarkably in a short space of time. It was less than two weeks ago that financial markets and many economists were forecasting a rate cut as early as September. With the release of higher-than-expected inflation figures for the March quarter, a new ‘higher for longer’ mantra has emerged. Recall…
It was four years ago when the World Health Organisation declared COVID-19 a worldwide pandemic. Since that time economic trends, including housing metrics, have been on a roller coaster ride. Although lockdowns and the uncertainty of vaccination programs are well behind us, the legacy of COVID will be with us for a long time yet….
It was four years ago when the World Health Organisation declared COVID-19 a worldwide pandemic. Since that time economic trends, including housing metrics, have been on a roller coaster ride. Although lockdowns and the uncertainty of vaccination programs are well behind us, the legacy of COVID will be with us for a long time yet….
Just over one-third (35%) of Australia’s regional coastal markets recorded housing values at record highs at the end of last year despite multiple rates rises, cost of living pressures, and market uncertainty, CoreLogic figures reveal. A thorough examination of Australia’s regional coastal suburbs to the end of 2023, unveiled a diverse spectrum of property performances,…
Australian dwelling values have regained the losses from the recent downturn and surpassed their previous peak to reach a new record high, CoreLogic’s national daily Home Value Index shows. After reaching a peak in April 2022, national home values fell -7.5%, finding a floor on 29 January 2023. Since bottoming out, the national HVI has…
The RBA kept the cash rate on hold at 4.1% for the fourth successive month in October, citing ‘a more sustainable balance between supply and demand in the economy’, but also ongoing concerns about inflationary pressures and a heightened level of uncertainty surrounding the economic outlook. The recent uptick in inflation, from 4.9% annually in…
