Don’t be a victim of underquoting 

Buyers are being encouraged to base their comparable sales data research on  monthly, rather than quarterly, figures to avoid being victims of underquoting,  according to Australia’s leading professional body of buyer’s agents.   “In a rising market while we can’t predict the strength of the capital growth figure,  we can factor in a heightened seller’s market when appraising a property,” said Ms.  Bakos.   “Underquoting is much … Continue reading Don’t be a victim of underquoting 

Housing values continue to lose steam

Corelogic: Growth in Australian housing values continues to lose steam as Sydney records first decline in 17 months CoreLogic’s national Home Value Index (HVI) posted a 0.6% gain in February, the 17th consecutive monthly increase in the national HVI.  While housing values are generally rising, the pace of growth in the national index has trended downwards since April last year.  February’s growth of 0.6% marks the … Continue reading Housing values continue to lose steam

Rents to rise by $5,000 in 59 locations across Australia

If you are on the search to rent a house this year you ought to be prepared to pay $5,000 or more this year than last year. And the finish line for this sharp rising national rental trend is nowhere in sight. Thought-leading property market analysts and national buyer’s agency, Propertyology, is forecasting that the advertised price to rent a standard house will increase by … Continue reading Rents to rise by $5,000 in 59 locations across Australia

CoreLogic: 218 Markets reach the Million-dollar Club, according to a new report

Despite a tumultuous 12 months for the Australian property market, from COVID-induced dips to new record high peaks, CoreLogic’s inaugural Million Dollar Markets report released today has identified 218 markets where either house or unit median values in a suburb reached the million-dollar-mark in May 2021 compared to May 2020. The report also highlights how the current housing market upswing has happened nationwide, with each … Continue reading CoreLogic: 218 Markets reach the Million-dollar Club, according to a new report

CoreLogic February Home Value Index

Australian housing market values rise at the fastest rate in seventeen years – Embargoed until 01/03/21 10 am AEDT Australian home values surged 2.1% higher in February; the largest month-on-month change in CoreLogic’s national home value index since August 2003.  Spurred on by a combination of record-low mortgage rates, improving economic conditions, government incentives, and low advertised supply levels, Australia’s housing market is in the … Continue reading CoreLogic February Home Value Index

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CoreLogic Property Pulse

More vendors tried to sell their property in spring – but did people buy them? By Eliza Owen, Head of Research Australia As social distancing restrictions eased across Victoria from the end of September, more vendors put their property up for sale. In the three months to November, the number of new listings added to the market across Australia averaged around 39,000 a month. This … Continue reading CoreLogic Property Pulse

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CoreLogic Property Pulse

Trends in housing finance show the continued rise of owner-occupiers and first home buyers, led by Queensland By Eliza Owen, Head of Research Australia The volume of finance secured for the purchase of property experienced a strong rebound in the September quarter, following the initial shock to demand housing in the first two months of the June quarter. The latest ABS housing finance data shows … Continue reading CoreLogic Property Pulse

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CoreLogic Property Pulse

Regional Housing Boom By Eliza Owen, Head of Research Australia at CoreLogic There has been a high level of interest as to whether the pandemic has spurred housing demand in regional markets of Australia. Housing market data is partially suggestive of this, especially across the largest capital cities. Rental value increases are positively correlated with greater distance from the CBD for the largest capital cities. … Continue reading CoreLogic Property Pulse

Happy As A Pig In Mud

Happy as a pig in mud – that is how Zac has described this property he is marketing on Brisbane’s Northside. The home is set on a 728sqm block with a 16m frontage. It’s just a few minutes’ walk from the local state school, golf course, and 10 minutes to get you down to the waterfront. The house has three bedrooms, a large shed, an … Continue reading Happy As A Pig In Mud

Pandemic drives demand in regional markets

According to reports we have been receiving, there has been a noticeable increase in inquiry from investors and first home buyers, who, having negotiated to work from home and can see the benefits, has encouraged them to consider relocating to more affordable regional centers.  Property Mavens buyers and vendors advocate Miriam Sandkuhler tells me what she is experiencing. Continue reading Pandemic drives demand in regional markets