By Kaytlin Ezzy, Economist, CoreLogic Australia The February auction market is starting with a bang, with 1,706 homes currently scheduled for auction across the combined capitals. Historically, January has been the quietest part of the year, with auction volumes moving through a seasonal lull before ramping up towards February. Although this year’s January ramp-up has been somewhat slower than the previous few years, this week is … Continue reading The 2023 auction market starts with a bang, with 1,706 capital city homes set for auction

Australia’s housing upswing continued through the first month of 2024 with CoreLogic’s national Home Value Index (HVI) rising 0.4% in January. Up from the 0.3% increases seen in November and December, this marks the 12th straight month of value rises. Beneath the headline result, housing market performance remains diverse around the country. Three capitals recorded a subtle decline over the month (Melbourne -0.1%, Hobart -0.7%, … Continue reading Housing upswing carries into 2024 with national dwelling values rising 0.4%

More than seven in ten (71%) real estate professionals expect interest rates to have the most significant influence on the housing market in 2024, according to a new survey by leading property data and analytics provider, CoreLogic. ‘Decoding 2024: Real estate’s trends and goals revealed’ survey from CoreLogic delves into insights of more than 1,400 real estate professionals to uncover their 2024 outlook for the economic landscape, … Continue reading Interest rate changes tipped to shape 2024 real estate market

Property Weekly Pulse with Rasti:Week Ending 26th Jan ’24 G’day, property aficionados! As we sail through the ever-shifting tides of the Aussie property market, this week’s insights are a treasure trove of revelations you won’t want to miss. From the surprising surge in unit rents outshining house rents in our vibrant capitals to the heartening resurgence of first homebuyers, we’re here to unpack the latest … Continue reading A Deep Dive into the Latest Trends

Just over one-third (35%) of Australia’s regional coastal markets recorded housing values at record highs at the end of last year despite multiple rate rises, cost of living pressures, and market uncertainty, CoreLogic figures reveal. The study, which analysed 368 coastal markets, at least 50km from the nearest capital city CBD, found the beachside suburbs of outer metro Perth recorded the largest gains in value … Continue reading A third of Australia’s regional beachside markets maintain peak values amid economic challenges

CoreLogic’s national median rent value ticked up to $601 per week last month, equating to a median annual rent of $31,252 a year. CoreLogic median rent is based on a current estimate of rent income, describing what the median dwelling in Australia would rent for if you put it on the market at any given time. The $601 median is a series high and coincides … Continue reading Australia’s median rent hits new record, surpasses $600 per week

Property Weekly Pulse with Rasti:Week Ending 19th Jan ’24 Happy New Year, mates! 🎉 As we usher in 2024 with gusto, it’s time for our very first market update of the year. This isn’t just any update; it’s a sneak peek into the vibrant and evolving landscape of the Australian property market. Brimming with fresh stats and trends that are shaping our real estate scene, … Continue reading The 2024 Australian Property Market: An In-Depth Analysis

A reacceleration in the quarterly pace of growth for national construction costs is suggested to be a return to trend rather than a new surge, according to CoreLogic.  The Cordell Construction Cost Index (CCCI), which tracks the cost to build a typical new dwelling, recorded a growth rate of 0.8% over the three months to December. This marks a reversal of the easing trend seen … Continue reading Construction cost growth ‘returns to trend’

Annual growth in home values has seen ups and downs while rent values have increased by more than 8% for the past three years, according to CoreLogic’s Monthly Housing Chart Pack. January’s ‘Chart of the Month’ shows over the past decade, rents have outpaced values only three times over a calendar year, in 2023, 2022, and 2018. Other highlights from the CoreLogic Monthly Housing Chart … Continue reading Rent growth outpaces home values for the second consecutive year

Brisbane homes have seen extraordinary capital growth in the past few years, rising 50.2% since the onset of the pandemic in March 2020. The city’s appeal amid an increase in remote work helped fuel strong population growth, increasing housing demand, driving down supply, and making it a seller’s market. At the end of last year, Brisbane reached a new milestone. The city now has the … Continue reading The median dwelling value in Brisbane just overtook Melbourne. Here’s why