12 Jun 2016
These days the great Australian dream of home ownership has been replaced with the great Australian whinge that for most people, it's no longer possible. What's left is the great Australian divide between the haves and the have-nots. The reason why buying a home is so expensive seemingly defies the rules of economics, but the reality means it's cheaper to call Paris or New York home instead of Sydney or Melbourne. Want-to-be home owners might be down, but they're not out and as you'll see, there are ways to turn dilemma into opportunity.
SUNDAY, JUNE 12, AT 8.00PM ON CHANNEL NINE
Reporter: Michael Usher
Producers: Jo Townsend and Sean Power
CoreLogic Australia is a wholly owned subsidiary of CoreLogic (NYSE: CLGX), which is the largest property data and analytics company in the world. CoreLogic provides property information, analytics and services across Australia, New Zealand and Asia, and recently expanded its service offering through the purchase of project activity and building cost information provider Cordell. With Australia’s most comprehensive property databases, the company’s combined data offering is derived from public, contributory and proprietary sources and includes over 500 million decision points spanning over three decades of collection, providing detailed coverage of property and other encumbrances such as tenancy, location, hazard risk and related performance information.
With over 20,000 customers and 150,000 end users, CoreLogic is the leading provider of property data, analytics and related services to consumers, investors, real estate, mortgage, finance, banking, building services, insurance, developers, wealth management and government. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and geo spatial services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. CoreLogic employs over 650 people across Australia and in New Zealand. For more information call 1300 734 318 or visit www.corelogic.com.au
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The second application Loan-to-Valuation Ratio (LVR) Index, from Equifax and CoreLogic, reveals a continuing downward trend in the national average application LVR.