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 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…
While the budget speech referenced housing a few times, in the sense that falling housing prices represent a downside risk to budget forecasts, there was in fact very little in the budget directly focussed on the housing sector. With the performance of the housing and household sector so critical to the Government achieving their forecasts…
Australia’s national population is estimated to have increased by 109,057 persons over the quarter to be up 395,101 persons or 1.6% over the 12 months to September 2018 according to the latest Australian Bureau of Statistics (ABS) demographic arrivals and departures data release. While nationally the drivers of population growth are net overseas migration and…
Rental rates nationally have been falling since May 2018. Rental rates fell by -0.3% over the December 2018 quarter however, they were 0.5% higher over the past year. Annual rental growth is the slowest it has been since July 2016 and lower than the 2.7% growth recorded in 2017. Combined capital city rents fell by…
While Australia’s population continues to grow quite rapidly, the rate of growth has slowed. It was estimated that at the end of the June 2018 quarter, the national population was 24,992,369 persons. Australia’s population increased by 1.6% or 390,509 persons over the 12 months to June 2018. The 390,509 annual person increase in the national…
Dwelling approvals are now trending lower for houses and units. In November 2018, 15,465 dwellings were approved for construction nationally which was the fewest monthly approvals since August 2013. Approvals fell by -9.1% over the month to be -32.8% lower year-on-year. After peaking in November 2017, the number of approvals in August 2018 was -32.8% lower….
Decreased mortgage lending is slowing our property markets. The value of housing finance commitments is now in a clear downwards trend. In November 2018 there was $29.1 billion in housing finance commitments by Australian lenders. The total value of housing finance commitments fell by -2.5% over the month and was -13.1% lower year-on-year. The $29.1…
