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
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…
The flow of new listings added to the Australian housing market has been rising since mid-June, in contrast to the usual seasonal trend where new vendor activity would be trending lower through the colder months. Historically, based on the pre-COVID decade average, new listings added to the national housing market drop by 5.2% between autumn…
Melbourne house values have increased a mere 1.6% between the onset of COVID in March 2020 and the end of May 2023. Every other capital city has seen double-digit growth, ranging from a 16.5% gain in Sydney to a 45.2% surge in Adelaide house values during that period. Melbourne homeowners might be disappointed at the…
Not that long ago, Australia was in the midst of the fastest drop in housing values on record, as rapidly increasing interest rates caused capital city values to plunge more than 9% in the space of about 10 months. That’s all changed since hitting a low in February, with three consecutive months of positive growth…
The latest interest rate decision was always going to be a line ball; however, the 25 basis point lift will likely be the last in the most rapid rate hiking cycle on record. Although inflation has been trending lower since peaking in the December quarter of 2022, yesterday’s rate hike reflects the RBA’s uncertainty about…
The decision from the RBA to hold the cash rate at 3.6% sends a clear message they are ready to take stock, assessing the economic impact of the rapid rate hiking cycle to date. Considering monetary policy acts with a lag, it’s important to understand how trends in consumer prices, consumption, labour markets and sentiment…
The number of suburbs where it’s cheaper to buy than rent has been slashed in the past year, due to a record number of rate hikes that have outpaced skyrocketing rents. CoreLogic’s analysis of 3,904 house and unit markets nationally found for houses, just 9.1% of suburbs were cheaper to buy than rent, down from…
The World Health Organisation declared a global pandemic on 11 March, roughly corresponding with Australia’s 100th diagnosed case of COVID-19. While this crisis in health had little direct implications for the housing market, there were plenty of responses to the pandemic that did. Unprecedented expansionary fiscal and monetary policy (and subsequent tightening), heavy border closures…
Australia’s traditional peak property listing window is upon us. Every year during the first half of March – referred to as weeks nine to 11 on the calendar – there is a surge in listing activity. But not in 2023. Listings provide a useful real-time indicator of seller sentiment and general market confidence. However, this…
The latest RBA decision for a 25 basis point lift takes the cash rate to 3.6%, the highest level since May 2012. To date, this rate-tightening cycle has been both the largest and the most rapid on record by some margin. The cash rate setting is now 105 basis points above the pre-COVID decade average…
