property market update

The week that was in property
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The Australian Bureau of Statistics (ABS) released the consumer price index (CPI) results for the March 2017 quarter earlier this week. Over the past three quarters headline inflation has increased at a pace consistent with growth of or above 2% however, underlying inflation continues to growth at a softer rate. Over the first quarter of…

National Housing Market Update [Video] - April 2017
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Capital city dwelling values moved 1.4% higher over the month, taking the combined capital city index to an annual growth rate of 12.9%; the highest annual rate of growth since the twelve months ending May 2010.    Four of Australia’s eight capital cities are now showing an annual growth rate in dwelling values higher than…

The week that was in property
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The Reserve Bank (RBA) released the minutes of their Monetary Policy meeting for April 2017 earlier this week. At the meeting the RBA decided to keep official interest rates on hold at 1.5%. The minutes included a lot of discussion about households and housing, the highlights of which are below: Household consumption is weaker than…

The week that was in property
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The Australian Bureau of Statistics (ABS) released housing finance data for February 2017 earlier this week.  The data preceded the recent letter from APRA to mortgage lenders however it showed a substantial monthly fall in the value of lending to investors.  Over the month there were $32.9 billion in commitments which was -2.7% lower than…

State by State Housing Market & Economic Update | Chart Pack March 2017
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After a head spinning 2016, our property markets started 2017 with a bunch of mixed predictions. Some called a property bubble, while others forecast lower, but continuing capital growth. Well…the scorecard is in for the first two months of the year have already surprised on the upside. CoreLogic recently released their monthly chart pack which gives…

National Housing Market Update [Video] - March 2017
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Capital city dwelling values rose a further 1.4% in February, with Sydney continuing as the overall capital gains leader.  The monthly CoreLogic Hedonic Home Value Index reported a further rise in the value of capital city dwellings in February, with values rising 1.4% over the month. The strong capital gain over February was led by…

November sees dwelling values rise by 0.2%
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The CoreLogic November Hedonic Home Value Index results show a rise in dwelling values across every capital city excluding Melbourne over the month.  However, the overall growth rate has moderated when compared with recent month’s performance. Throughout November, capital city dwelling values rose by 0.2%. While the headline results remained in positive growth territory, the…

The week that was in property
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Earlier this week the Reserve Bank (RBA) released the minutes of their November 2016 monetary policy meeting. At the meeting the RBA board decided to keep official interest rates on hold at 1.5%. The discussion around the housing market made for particularly interesting reading out of the minutes, below are the two paragraphs from the…

Housing Market and Economic Update | Chart Pack November 2016
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It’s time for our monthly check on how the property markets are performing around Australia, and looking back over the year they have generally surprised on the upside. Here’s what Corelogic’s latest stats and graphs show: Combined capital city home values increased by 0.5% in October with values rising in all capital cities except for Adelaide…