APRA taps the brakes

“Over 90 per cent of renters aspire to own their own home but less than half of them expect that they will ever achieve this goal. Today’s announcement by APRA will make this goal even harder,” stated HIA’s Chief Economist, Tim Reardon. “Australia has an unquestionably strong financial sector. It has withstood significant shocks, such as the Global Financial Crisis and the COVID recession, without … Continue reading APRA taps the brakes

Sydney lockdown will wipe billions from GDP

Finder’s RBA Survey: 73% of experts say Sydney’s lockdown will wipe $2bn or more off Australia’s GDP News highlights:  54% of experts think lockdown will continue past Friday  70% of economists say tax returns should be used to pay off debt  One-third of experts are expecting the cash rate to rise in 2022  6 July 2021, Sydney, Australia – The latest round of lockdowns is … Continue reading Sydney lockdown will wipe billions from GDP

Regional Areas Experienced a Sharp Deterioration in Affordability

“Housing in Australia became less affordable in the December 2020 quarter due to rising house prices and a slight fall in average incomes. Despite the decline, housing is considerably more affordable than the average over the past 20 years,” stated Angela Lillicrap, HIA’s Economist. HIA’s Affordability Index is calculated for each of the eight capital cities and regional areas on a quarterly basis and takes … Continue reading Regional Areas Experienced a Sharp Deterioration in Affordability

Report reveals apparent gender property wealth gap

CoreLogic’s inaugural Women and Property: State of Play report released on International Women’s Day boosts the evidence of the relationship between the gender pay gap and the gender wealth gap. It suggests addressing gender income equality could support closing the wealth gap as it relates to real estate over time. The report analysed* a 2021 snapshot of property ownership by gender across Australia and New Zealand, by … Continue reading Report reveals apparent gender property wealth gap

Total Property Listings Fall in February

Led by falls in Brisbane, Perth, Adelaide and regional Australia Figures released today by SQM Research reveal national residential property listings fell in February 2021 by 2.7% to 257,592 from 265,116 in January 2021. Compared to 12 months ago, listings are down by 13.1%. The largest monthly decrease were in Adelaide, Brisbane, and Perth. Compared to a year earlier, listing fell the most in Hobart … Continue reading Total Property Listings Fall in February

CoreLogic analysis identifies Victorian households at risk of climate hazards

[SYDNEY, NSW, 25 February 2021] Leveraging its strategic partnership with global reinsurer Munich Re, CoreLogic International has analysed Victoria’s residential property climate hazard and risk exposure, revealing a very high risk of climate hazard to almost 9% of Victorian properties. Dr Pierre Wiart, CoreLogic’s Head of Consulting and Risk Management Solutions, says “Our research revealed almost 9% of Victorian households are at very high risk … Continue reading CoreLogic analysis identifies Victorian households at risk of climate hazards

Auction capitals go strong this week

Melbourne real estate agents and buyers are gearing up for a busy weekend with no less than 1,313 properties set to go under the hammer. In fact, auction volumes are expected to rise across the combined capital cities this week with CoreLogic currently tracking 2,495 auctions, up from last week’s 2,128 auctions held, although lower than the 3,026 auctions one year ago. In Melbourne, there … Continue reading Auction capitals go strong this week

CoreLogic: Housing construction costs rose 1% over the December quarter

CoreLogic’s national Cordell Housing Index Price rose by 1.0 per cent over the three months to December 2020, after the previous quarter increased by a lower 0.6 per cent. The Cordell Housing Index Price (CHIP) measures the rate of change of construction costs within the residential market and covers freestanding and semi-detached single and two-storey dwellings. The final index for 2020 showed residential construction costs … Continue reading CoreLogic: Housing construction costs rose 1% over the December quarter

Facebook Bans News But Realty Keeps Posting

Because of Facebook’s action today in blocking news content in Australia, many news-related Facebook pages have had posts removed. Property marketing platform realty.com.au moved quickly to reassure agents and property sellers that its geo-diverse marketing strategy has ensured properties marketed through Realty will continue to benefit from exposure to both active and passive buyers on Facebook. Realty’s 450+ Local Facebook pages, with established audiences who … Continue reading Facebook Bans News But Realty Keeps Posting

Auction‌ ‌Numbers‌ ‌and‌ ‌Clearances‌ ‌Continue‌ ‌to‌ ‌Increase‌

Auction activity continues to rise across the combined capital cities with scheduled auction volumes up by 27% over the week. CoreLogic is currently tracking a total of 1,659 capital city auctions, increasing on last week’s final count of 1,304 auctions held and higher than the 1,596 one year ago. Melbourne is expected to make up 47% of all auction activity this week with 782 homes … Continue reading Auction‌ ‌Numbers‌ ‌and‌ ‌Clearances‌ ‌Continue‌ ‌to‌ ‌Increase‌