National rent values rose 0.4% in the December quarter, the smallest Q4 change in rents since 2018. The pace of national rental growth continued to slow in 2024, with rents up 4.8% over the year after surging 8.1% in 2023, according to CoreLogic’s latest Quarterly Rental Review. The result marked the smallest annual rental increase…
What does a population of 27 million mean for Australia’s future? According to recent data from the Australian Bureau of Statistics (ABS), Australia’s population has officially surpassed 27 million. Chart source: ABC News This milestone highlights the country’s dynamic growth, driven primarily by net overseas migration, which accounted for 83% of the increase, with natural…
ANZ has brought forward its forecast for the first rate cut to take place in February, however, it maintains the view that borrowers will only see two rate cuts in the coming cycle. The news follows better-than-expected results from November’s monthly CPI Indicator released on Wednesday. ANZ now joins CBA in expecting the first RBA…
Want to know what’s happening to the housing markets around Australia? Well… this monthly collection of charts from CoreLogic paints an interesting picture. Home values declined a little after nearly two years of consecutive growth, with CoreLogic’s national Home Value Index dropping -0.1% in December. This downturn is being caused by the widening gap between…
After 21 months of growth that pushed values up 14.3%, CoreLogic’s national Home Value Index (HVI) has finally recorded declines. After peaking in October, the national index steadied in November (-0.01%) and recorded a -0.1% decline in December. The start of a cyclical downturn is unsurprising, as monthly home value growth has slowed since June…
The allure of Australian real estate continues to captivate international buyers, with property searches from overseas increasing slightly compared to the same time last year. While the overall numbers have grown, interest from individual countries has shown some fluctuation, reflecting global economic conditions, political developments, and seasonal trends. Let’s take a closer look at the…
CoreLogic’s Home Value Index (HVI) ended the year on a negative note, with values down -0.1% nationally over the month after peaking in October and holding flat in November. Although the national house price may have dropped for the first time in two years, experts expect the downturn to be shallow and short-lived. The December…
What made 2024 a standout year for Australia’s property market? Well, in 2024, it proved once again that resilience and adaptability are the market’s defining traits. After grappling with the effects of rising interest rates and economic uncertainty, the year saw buyers and sellers return to the market, with property prices stabilizing and new trends…
National home prices fell by 0.17% over the month, though they remain 4.73% higher compared to 12 months ago, according to the latest PropTrack Home Price Index. Despite the drop in December, national home prices remain well up from a year ago, with values sitting 4.73% higher year-on-year. Compared to March 2020, national home values are…
Rental markets finished the year on a softer note, with the national rental index up just 0.1% in the month of December to be 0.4% higher through the December quarter and 4.8% higher over the calendar year according to Corelogic. Source: Corelogic January 2025 CoreLogic’s research director, Tim Lawless, said:. “This was the smallest December…
