Over the 2014 calendar year, advertised rental rates on a national basis increased by 2.6% for both houses and units.
As always, there were certain areas across the country that have outperformed others. The report includes top performing suburbs nationally and across the capital cities over the 12 months to September 2014.
The CoreLogic RP Data Quarterly Review comprises a thorough breakdown of the activity across each of the capital cities over October 2014 quarter and also dives into the economic factors that contribute to the overall performance of the market.
Both the number and proportion of first home buyers have reached record lows across the Australian housing market in August.
Based on data from the Reserve Bank, the ratio of household debt to disposable income and housing debt to disposable income has increased over the June 2014 quarter with housing debt now at a record high level.
This popular report provides a quarterly assessment of realised gross profit and losses based on dwelling re-sales over the June quarter of 2014.
The housing market is potentially moving through its peak with homes taking a bit longer to sell and vendors discounting their initial listing prices by a greater margin in order to sell a property.
The Australian Bureau of Statistics (ABS) released its quarterly employment data which shows the slowdown in mining employment but a large ramp-up in real estate employment.
Lower income earner’s hopes of owning a home have faded over the past two years due to the high rate of capital gain, so what can be done?
Total outstanding housing credit is increasing at a moderate pace compared with the historic trend however, with housing credit aggregates and household debt also starting to rise it may raise some alarm bells with the Reserve Bank.
The national population increased by just over 396,000 new residents over the 2013 calendar year; 9,300 fewer new residents compared with the annual period ending June 2013.
The housing market is now two years into the growth cycle and showing signs of moving through peak growth. The value of diligent research and a carefully considered purchase decision is all the more important when values aren’t rising as fast.