It’s the only Australian city that has suffered through four hard lockdowns during the COVID-19 pandemic. But, despite the hurdles over the past 18 months, it has still managed to take the prize as the world’s best city to work from home. That’s right. It’s Melbourne. And it’s hardly too surprising given Melbourne is also…
CoreLogic’s Auction Market Review for the June quarter of 2021 shows 31,605 homes were taken to auction across the combined capital cities in the three months to June 2021. These figures make it the busiest quarter for auctions since the December 2017 quarter when 32,408 capital city auctions were held. In comparison, the March 2021…
You’ve seen a lot of those four walls lately, haven’t you? You know…the place you call home. Perhaps you’ve even started working – or job-searching – from your kitchen, living room, or study. But how much are you prepared to spend to make it look just right? Maybe more than ever. Everybody seems to be…
The Olympics should work as a positive influence on Brisbane housing market conditions. However, with the Games still some eleven years away, the flow-on effects are likely to be gradual and centred around significant infrastructure upgrades and the associated medium-term uplift in jobs and longer-term improvements in transport efficiency. The most significant positive influence on…
The CoreLogic Quarterly Rental Review for June showed a strong uplift of 6.6% in rent values over the year. This follows a decade of relatively subdued annual rent growth, averaging 1.8% since June 2011. The annual growth rate of 6.6% marked the strongest annual uplift in over a decade. CoreLogic data across 88 SA4 markets₁…
As we close in on a post-COVID world, two things have become clear — people don’t need to be in the office as much (if at all) and international migration is going to be uncertain for some time to come. This is particularly problematic for anyone selling inner-city Melbourne apartments. A key demographic for inner-city…
With lockdown restrictions tightening across NSW and extending in Victoria, Australia’s banks have rolled out extra support to affected customers. This week our largest bank, CBA, has extended its foreclosure moratorium, which means the bank won’t evict a customer in arrears until at least February 2022. Support being offered by Australian banks Mortgage deferrals (size…
Australians appear to be stuck in a debt rut with new RBA figures showing credit card debt accruing interest is hovering around $20 billion for the tenth month in a row. In fact, Australians added close to $100 million in personal credit card debt accruing interest in May, according to the Reserve Bank of Australia…
Foreign buyer interest in Australian property has surged during the global pandemic, taking it to the highest level seen in 3 years, and it’s no longer China taking the title as the biggest investor. There was $17.1 billion worth of foreign residential real estate investment in the 12 months to June last year, which was…
Investors continue to re-engage our housing markets after a lengthy period of underperformance and are driving overall residential lending to new record heights. Latest ABS data reveals that the value of total home lending seasonally adjusted increased by 4.9% over May to yet another record high of $37.89 billion. The May increase was the highest…
