Residential Real Estate News

Regional housing market doubles capital city value growth

Australia’s regional housing market has far outpaced value growth across Australia’s capital cities in the last 12 months, rising 13.0% compared with a 6.4% gain in capital city values.

18 May 2021

Federal budget 2021-22: Increasing home ownership on the coalition’s terms

Housing affordability is becoming an increasing concern for first home buyers and policy makers amid recent, rapid price increases in housing values. But the double-edged sword of reducing housing values to make them more affordable, is that housing also makes up the majority of Australian household wealth; make housing more affordable for one Australian, and we risk reducing the wealth for another.

12 May 2021

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CoreLogic’s Q1 Rental Review reveals diversity of rental conditions

CoreLogic’s Rental Review for the March 2021 quarter revealed a surge in national rental rates of 3.2% however the drivers of this growth are diverse, with the regions, Darwin and Perth collectively driving much of the increase.

Capital city preliminary clearance rate dips on lower volumes over the week

There were 2,041 capital city homes taken to auction this week and of the 1,642 results collected so far, a 78.5% preliminary auction clearance rate was recorded.

Seven signs the housing market is moving through a peak rate of growth

The pace of capital gains across Australian housing markets has been close to record breaking, with the national growth rate in March the fastest since 1988. But there are some early signs the exuberance in the housing market may be peaking.

CoreLogic studies relationship between greenspace and housing prices

For Earth Day 2021, CoreLogic has conducted a new study into Sydney’s housing market and greenspace, finding a ‘positive but weak’ relationship between greenspace and housing prices.

National Auction Market Preview - 25 April 2021

There are fewer homes scheduled for auction this week across the combined capital cities, with CoreLogic currently tracking 2,099 auctions, down on the 2,467 auctions held last week, although higher than the 413 held one year ago.

Capital city preliminary clearance rate shows slight improvement across higher volumes this week

This week the combined capital city preliminary clearance rate saw a slight improvement compared with last week, as the number of auctions held continued to bounce back from the Easter slowdown. There were 2,448 homes taken to auction this week, returning a preliminary auction clearance rate of 80.5%.

CoreLogic data shows signs of stabilising in inner city rental markets

One of the most prominent trends in Australian housing markets over the past 12 months has been the deterioration of rents in inner city apartment markets across Sydney and Melbourne. While these markets are far from recovery, there are signs that conditions may be stabilising, particularly across Sydney.

National Auction Market Preview - 18 April 2021

Auction volumes are expected to rise across the combined capital cities this week with CoreLogic currently tracking 2,496 auctions, up from last week’s 2,199 and last year’s 1,922 auctions held.

How do dwelling values compare with previous highs?

Comparing current capital city values with previous peaks adds some perspective to the current housing market upswing – particularly in Perth and Darwin, where values remain substantially below their record highs from 2014. It also highlights the very different dynamics across capital cities – such as in the...

Auction volumes rise coming out of the Easter long weekend with 2,170 capital city auctions held

Auction volumes rose across the combined capital cities this week with 2,170 homes taken to auction, increasing on the 845 auctions held over the Easter week.

Combined capital cities record 80% auction clearance rate in March quarter

CoreLogic’s Quarterly Auction Market Review released today revealed Australia’s combined capital cities clearance rate reached 80.0% over the first quarter of 2021, up from 69.4% in the December 2020 quarter and 62.5% in the March quarter of 2020.

National Auction Market Preview - 11 April 2021

This week, the number of capital city homes scheduled to go to auction is set to rise with 2,207 auctions currently being tracked by CoreLogic.

Rates remain on hold but tighter credit conditions loom

With the cash rate likely to remain on hold for an extended period of time, attention is more focussed on other elements of the RBA’s monetary policy settings and their perspective on the economy, including housing market conditions.