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
Higher costs for essentials and higher interest rates will be a ‘double whammy’ for households. As universally expected, the RBA made the decision to raise the cash rate at their June meeting, however, the 50 basis point hike was larger than expected. The latest move takes the overnight cash rate to 0.85%. Interest rates consistently…
Sydney and Melbourne have been the first capital city housing markets to record negative monthly growth rates this year, joined most recently by Hobart in April, its first fall after 22 consecutive months of growth. But within each of those areas as well as Australia’s other capital cities, micro-market trends are emerging, coinciding with higher…
Housing was a defining issue of this month’s Federal Election and the Labor party’s win brings with it a raft of policy measures designed to address the property market’s biggest issues. The headline ‘Help to Buy’ scheme is likely to be popular with prospective homebuyers, as it provides a more affordable entry point to the…
The RBA has acted to curb high inflation by lifting the cash rate target today, moving from the emergency lows of 0.1% to 0.35%, an increase of 25 basis points. An upwards move was anticipated, given soaring inflation, but the timing and magnitude of the lift are likely to be regarded as controversial, given the…
Over the month of March, growth in houses was 0.5% across the combined capital cities, outperforming the growth in the value of apartments. This continues the annual trend where houses grew 22.9% over the last 12 months while apartments only grew in value by 13.2%. At the national level, units recorded a 0.3% rise in…
Increasing storm surges and coastal erosion has the potential to impact $25 billion worth of Australian residential coastal property. The risk score methodology used by Corelogic evaluates combined coastal risks based on compounding storm surge (rapid erosion) and change in coastline (slow erosion), with the latter also implicitly considering ongoing rising sea level trends. It…
Australian housing values grew 22.1% last year and the market is showing signs this extraordinary rate of growth – not seen since the 1980s – is slowing across most of the capital cities. Yet as the rate of dwelling value appreciation slows, the capital city and broad ‘rest of state’ markets are yet to peak,…
While rental rates are rising at the fastest pace since 2008, a gap has opened up between the rate of growth in house rents compared with unit rents, with unit precincts across the inner city areas of some capital cities recording a much weaker performance through the COVID period to-date. Overall, unit rents have risen…
A surge in new builds and renovations coupled with supply chain disruptions and a shortage of materials has resulted in an unprecedented spike in construction costs. CoreLogic’s quarterly measure of residential construction costs reveals a national increase of 3.8% was recorded in the three months to September 2021, outpacing the Consumer Price Index of 0.8%…
Rents are on the rise across Australia However, growth in rental rates has eased slightly, with the national rental index rising by 1.9% over the September quarter compared to a 2.1% rise over the June quarter. While we have seen some easing in rental growth, national rental rates are 8.9% higher year-on-year which is the…
