Category: Property News Update

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Property News Update

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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Property News Update

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

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Property Investment, Property News Update

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

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Property Investment, Property News Update

Winners & Losers in the Rise of the Regional Property Market

While it is hard to predict the future in these unpredictable times, Deakin University property experts believe major regional centres will continue to outperform metropolitan areas in 2021 but this will not be good news for everyone. Dr. Adrian Lee, an associate professor in property and real estate with the Deakin Business School, said affordability and proximity to Melbourne will continue to draw buyers to … Continue reading Winners & Losers in the Rise of the Regional Property Market

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Property Investment, Property News Update

Property Prices Tipped To Rise In Smaller Capital Cities

A return of investors to the market, coupled with a lack of listings is tipped to increase property prices throughout Australia in 2021. CoreLogic Research Director Tim Lawless predicts property price increases of between 7 per cent and 10 per cent in 2021, with the smaller capital cities, tipped to benefit the most. Mr. Lawless and Custodian CEO John Fitzgerald, the author of 7 Steps to Wealth, will … Continue reading Property Prices Tipped To Rise In Smaller Capital Cities

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Property Investment, Property Management, Property News Update

REIQ MEDIA RELEASE: QLD Property Market Prospers Despite Pandemic & Recession

Queensland’s property market continues to defy COVID-19 predictions, with median house prices rising yet again for a second consecutive quarter for much of the State. In fact, according to the latest Queensland Market Monitor published by the Real Estate Institute of Queensland (REIQ), not one single region recorded a reduction in median house prices over the July-September 2020 quarter, with Queensland’s property market showing its resilience. “Brisbane … Continue reading REIQ MEDIA RELEASE: QLD Property Market Prospers Despite Pandemic & Recession

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Buying a property, Property Investment, Property Investment, Property News Update, Selling a property

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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Buying a property, Property Investment, Property News Update

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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House, NEWS, Property News Update

We build the world’s biggest houses

Australian houses are world’s biggest: CommSec Home Size Trends Report The latest CommSec Home Size Trends Report reveals Australians are again building big houses and apartments. Australia is again building the biggest houses in the world, ahead of the United States, according to the latest CommSec Home Size Report. The average new house built in Australia in 2019/20 was 235.8 square metres, up 2.9 per … Continue reading We build the world’s biggest houses

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Property Investment, Property News Update

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

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