RESIDENTIAL PROPERTY
ALMOST 30% of all suburbs across Australia’s capitals and regional areas saw a loss in housing values over the past three months, according to CoreLogic, with Melbourne and...
Melbourne (79.1%) and regional Victorian suburbs (73.8%) made up the majority of falls in the August quarter. Values also decreased across more than half of the suburbs in...
Perth, meanwhile, saw all 302 of its suburbs record a rise in prices, while 127 of the 146 locations across regional Western Australia posted a rise. Value increases across...
CoreLogic tracks prices across 3,655 suburbs across Australia. Nationally the portion of suburbs in quarterly decline was 29.2% in August, which has risen from 17.2% a year ago...
Over the past months, the pace of quarterly price growth overall has continued to ease, to 1.3% in the August quarter. This is down from 2.0% in the three months to April of this year...
Total listings supplies are now sitting about 30% above where they usually are for this time of year across Melbourne and about 40% above where they usually are for this time of...
And then additionally, we’ve also seen a healthier supply of new housing stocks and new properties being built across the state compared to some of your other states...
CoreLogic data showed that in Melbourne, declines were most concentrated in more affluent regions, with 100% of suburbs in the Mornington Peninsula recording decreasing values...
We’re expecting that through the spring selling season as we go into that busier listing period where there is more choice for buyers, especially if we don’t see a commensurate rise...
So they have been stronger, likely due to some people maybe trying to beat that spring selling season and also maybe people who had held off selling during that downturn, during the rate...
We also might be seeing some more motivated sellers. So maybe more households that haven’t been able to keep up with the high interest rate environment for as long as we sort of...
For any households out there that are motivated to sell because of those high interest rates, they’re likely going to see a fairly healthy capital growth in their property value...
The vendor discounting trend has compressed at the national level compared to last year. Sellers in Darwin continue to offer the largest discounts across the capitals, at...
Meanwhile, the time it takes to sell property has trended higher year-on-year. Properties are selling quicker than a year ago in Perth and Adelaide, with the median...