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
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,…
With many of Australia’s capital city housing markets posting a gain in values over the past three months, a recovery trend is looking increasingly entrenched. But how long will it take for residential property values to reach a new record high if the current rate of growth continues? If housing values continue to rise at…
Have you ever wondered what it takes to own a property in the top two percent of the market? While the median, or 50th percentile, provides a reasonable indication of the ‘typical’ value of a property in an area, the 98th percentile provides a guide about the top two percent of the market based on…
Housing investment rebounding on improved market conditions and a narrowing spread between rental yields and mortgage rates. The value of home loans committed to by investors has recorded a sharp rise since June, rising a cumulative 11.6% over the three months ending August 2019; the fastest rate of growth in the value of investment loan…
We’re now experiencing the strongest quarterly clearance rate since the June 2017 quarter across Australia’s combined capitals. Over the 3 months to September 2019, the clearance rate across the combined capital cities came in at 69.9 per cent across 16,730 auctions, the strongest quarterly clearance rate seen since the June 2017 quarter (71.7 per cent)….
The number of new listings being added to the combined capitals housing market has seen a hefty 44% rise from the depths of the winter slowdown in early July through to the first week of October, however that hasn’t been enough to push fresh listing numbers in line with previous years. The number of new…
After recording the largest losses during the recent housing market downturn, the premium end of Sydney and Melbourne’s housing market is driving the rebound in capital gains. The performance of the housing market can vary dramatically from region to region, but also across the different product types and value ranges. Splitting the market into quartiles…
Housing sales activity slumped during the housing downturn, however the recent trend shows turnover has levelled out as home values rise and mortgage rates reach the lowest level since the 1950’s. While housing sales activity slumped during the housing downturn, the recent trend shows turnover has levelled out as home values rise and mortgage rates…
The CoreLogic March 2019 quarterly rental review shows that although rental growth is slowing, dwelling values are generally underperforming which is pushing gross rental yields higher from their historic lows. At the end of March 2019, gross rental yields nationally were recorded at 4.10%, up from 3.77% a year earlier and they are now the…
