Boutique brand goes west!

Belle Property launches into Western Australia, opening new office in Broome Boutique real estate brand, Belle Property has today announced its launch into the Western Australian market, opening its first office in Broome, led by Principal Tamyla Strahan. CEO of Belle Property, Peter Hanscomb explained the reason behind the expansion, “The brand’s success in Australia’s key lifestyle locations made our entrance into the West Australian … Continue reading Boutique brand goes west!

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

“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 only been two weeks where the number of auctions held … 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 of loan originations that could be ‘higher risk’ showed a … 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 15 million monthly Facebook users – pairing industry talent with … 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 – 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

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 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