RESIDENTIAL PROPERTY
AUSTRALIA’S housing market has tipped the $11 trillion mark for the first time – surging by $900 billion over the past 12 months, despite recent softening value growth in...
CoreLogic’s October Monthly Housing Chart Pack shows national home values rose by just 1.0% in the September quarter, the softest quarterly rise since March 2023...
CoreLogic Australia economist Kaytlin Ezzy attributed the slowdown in price growth to increased listing volumes and more cautious buyer behaviour...
While the market remains resilient in many areas, the pace of growth more broadly has clearly decelerated. Buyers and investors are becoming more cautious, and the current lending...
Figures show Perth values reached a new record high and experienced the highest annual growth of 24.1%, driven by sustained demand and limited supply. Sydney, Brisbane, and...
Brisbane recorded an annual increase of 14.5%, Adelaide values rose by 14.8% and Sydney values increased 4.5% in the 12 months to September...
Melbourne and Hobart recorded quarterly and annual dwelling declines and are 5.1% and 12.5% respectively below their record highs recorded in March 2022...
Regional housing markets experienced a quarterly increase of 1.0%, down from 2.3% in the three months to April, a similar deceleration to that seen in the capital cities...
Also impacting values has been a surge in new listing volumes, which rose 2.1% year-on-year in October 6th, marking the strongest start to the spring selling season since...
The year-on-year increase in new listing volumes will have contributed to a deceleration in value growth as the market absorbs the additional stock. The higher rate of...
A new leading indicators index devised by Capital Economics that combines several factors to capture the balance of supply and demand in Australia’s housing market...
National rental growth is also slowing, with the increase in investors as well as different house formation, helping drive a rebalance of supply and demand...
Rents rose by 0.1% over the quarter, the lowest rate in four years. Gross rental yields have compressed to 3.68%, down from 4.1% a year earlier, indicating affordability constraints for tenants...
However, this trend could intensify competition for other buyer groups, such as first-home buyers, who remain active in the market. This increased investor activity could...