This Week’s Featured News
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 … Continue reading Hobart tops the country for property profit
“Unprecedented activity” – Tim Lawless
The auction market is heading into a period of almost unprecedented activity according to Tim Lawless – Head of research at Core Logic. Over the coming week, CoreLogic Australia is tracking around 2,740 auctions across the combined capitals, and the following week auction numbers rocket to around 3,860. Since the CoreLogic Australia auction series commenced in 2008, there have … Continue reading “Unprecedented activity” – Tim Lawless
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 … Continue reading CoreLogic Property Pulse
Realty and REIP have joined forces
Realty and REIP have joined forces to add significant value to the property platform space. Real Estate Industry Partners (REIP) is pleased to announce a new partnership with Realty.com.au, the first socially intelligent property marketing platform. The tech company is reinventing the real estate space by enabling a new platform to expose listings to the … Continue reading Realty and REIP have joined forces
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 – … Continue reading Mortgage mayhem: Nearly 1 in 3 home loans are in arrears
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 … Continue reading Regional Areas Experienced a Sharp Deterioration in Affordability