Demographic data from the Australian Bureau of Statistics (ABS) showed that Australia’s estimated resident population was 24,220,192 persons at the end of September 2016. Overt the 12 months to September 2016 the national population increased by 1.5% or by 348,695 persons.
Over recent years the level of investor participation in the national housing market has hit historic high levels and at the same time, housing finance commitments to owner occupier first time buyers has shrunk.
Housing finance data for January 2017 was released earlier today by the Australian Bureau of Statistics (ABS). The data showed the over the month there was $33.9 billion in housing finance commitments which was 1.5% higher than the previous month.
Housing affordability is becoming a very hot political topic at the moment and it is no wonder why. When we look at the latest CoreLogic Home Value Index results for February 2017, they show that combined capital city home values increased by 1.4% taking them 11.7% higher over the past year.
Building approvals data for January 2017 was released earlier today by the Australian Bureau of Statistics. According to the release there were 17,412 dwellings approved for construction over the month which was 1.8% higher over the month but -12.0% lower year-on-year.
The median selling price of vacant land continued to climb in capital city markets throughout 2016 while in regional areas prices have fallen. The other big shift over the past 12 months has been the fairly significant increase in lot sizes after they have trended lower over many years.
Earlier today the Australian Bureau of Statistics released overseas arrivals and departures data for December 2016. The data is important because it provides insight around how many people are coming to and leaving from Australia.
Housing finance data for December 2016 was released earlier today by the Australian Bureau of Statistics. Demand for mortgage finance continues to increase over the month reflective of the ongoing growth in home values currently being experienced. Unlike the rest of the charts throughout this post, the above...
With the Australian Bureau of Statistics releasing the Consumer Price Index for the December 2016 quarter recently, using the CoreLogic Home Value Index we can adjust changes in dwelling values for the effects of inflation.
The Australian Bureau of Statistics (ABS) released lending finance data earlier today and when it is paired with the earlier housing finance data release, the figures provide insight into the value of mortgage lending over the month in each state and territory.
Building Activity data for September 2016 was released earlier today by the Bureau of Statistics. While this is not one of the major economic releases each quarter, it does include a lot of really important data relating to housing construction.
According to the Australian Bureau of Statistics (ABS) November 2016 building approvals data there were 17,569 houses and units approved for construction across the country over the month. Based on the seasonally adjusted series, the number of dwelling approvals rose by 7.0% over the month due to a...