Hobart tops the country for property profit

This edition of the Pain and Gain report analyses approximately 98,000 resales of residential property that took place in the three months to December 2020. The results show an increase in the profitability of Australian real estate, with 89.9% of transactions seeing a nominal gain for sellers. Eliza Owen, Core Logic’s Head of Research said on the latest Pain and Gain report “As property values … Continue reading Hobart tops the country for property profit

CoreLogic Property Pulse

Housing lending may be cheap, but regulators argue it is not yet risky By Eliza Owen, Head of Research Australia at CoreLogic New data suggests changes to mortgage lending rules in the near future are unlikely, despite rapidly rising home values. Recent data from the Australian Prudential Regulation Authority (APRA) suggests that while the proportion of loan originations that could be ‘higher risk’ showed a … Continue reading CoreLogic Property Pulse

Mortgage mayhem: Nearly 1 in 3 home loans are in arrears

10 March 2021, Sydney, Australia – The property market might be booming again, but a worrying number of homeowners are in financial strife according to new research by Finder, Australia’s most visited comparison site.   A new Finder survey of 446 Australian home loan customers has revealed that approximately 31% of mortgages are currently in arrears – that’s equivalent to 899,000 home loans that are behind on … Continue reading Mortgage mayhem: Nearly 1 in 3 home loans are in arrears

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 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

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

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CoreLogic: Investors seem to have been rushing to beat tighter LVRs

The CoreLogic Buyer Classification figures for January are in and they show that the Reserve Bank was on firm ground in raising deposit requirements for investors. Last month, mortgaged investors had a 30% share of property purchases, the highest month on record – reflecting a high number of purchases too, not just a dip by other buyer groups. Meanwhile, with quickly rising house prices meaning … Continue reading CoreLogic: Investors seem to have been rushing to beat tighter LVRs

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Scarcity is hard to value and will impact real estate pricing in 2021

Sydney, NSW (12 February 2021) With many forecasting double-digit price growth for Australian real estate in 2021, Angus Raine, Executive Chairman of Raine & Horne Group, warns that predicting what buyers will pay for individual properties is a far more taxing exercise. “Many are suggesting that low-interest rates, an improving economy, and government stimulus will play a role in driving up values. However, predicting the market … Continue reading Scarcity is hard to value and will impact real estate pricing in 2021

CoreLogic Property Pulse

The House Always Wins: Why house sales vastly outstripped  unit sales over the year  By Eliza Owen, Head of Research Australia at CoreLogic In the year to January, CoreLogic estimates that there were 459,308 properties transacted across Australia. Most of these sales were houses, rather than units.   It is not unusual for house sales to make up the majority of transactions, with houses making up … Continue reading CoreLogic Property Pulse