November 2024 quarter In 2024, Sydney’s property market demonstrated resilience amid ongoing economic turbulence. Prolonged cost-of-living pressures and a cash rate that remained higher for longer than many had hoped did little to derail overall performance. However, growth started to moderate towards the end of the year as affordability constraints and borrowing limits weigh on…
Latest Property News
Core Logic Home Value Index | December 2024 CoreLogic’s December Home Value Index (HVI) has just been released with all the latest must-know property market metrics, including: Gross rental yields have also firmed, holding in the high 3.6% range since August
CoreLogic Australia Research News • 22 Nov 2024 New analysis has identified the potential to build more than three million additional strata units over almost 1.3 million sites across Australia’s capital cities, providing one potential solution to Australia’s growing housing crisis. Of those units identified, almost 500,000 (16%) are situated on ‘low complexity’ sites without any…
October 2024 quarter It was likely that the Reserve Bank would keep interest rates on hold for an extended period, having raised them later and less aggressively than many global peers, with a willingness to accept slightly higher inflation to preserve recent employment gains. With Australia’s labour market among the strongest in the developed world,…
by Annie Kane •13:30 PM, 5 Nov 2024 •14 minute read The central bank is holding a tight rein on the cash rate, as it chooses to keep the interest rate stable following its Cup Day monetary policy board meeting. As was widely anticipated by economists, the board of the Reserve Bank of Australia (RBA)…
Research News, Home Value Index • 01 Nov 2024 CoreLogic’s national Home Value Index (HVI) recorded a 0.3% rise in October, the 21st month of growth since the cycle commenced in February last year The subtle positive movement was supported by the mid-sized capitals, led by Perth with a 1.4% rise over the month, offsetting declines in…
By Adrian Suljanovic / 30 October 2024 The latest CPI figures have revealed that inflation has returned to the RBA’s coveted 2-3 per cent range. The Consumer Price Index (CPI) rose 0.2 per cent during the September 2024 quarter, with annual inflation dropping down to 2.8 per cent from 3.8 per cent the previous quarter, the…
September 2024 quarter Spring 2024 has already been a standout, with new seller activity reaching record highs for the month of September. However, buyer demand hasn’t kept pace, as many are likely waiting for a potential cash rate cut to enhance their borrowing power. This tempered demand has driven total supply to its highest level…
Core Logic Research News • 11 Oct 2024 Australia’s property market has reached a new milestone, with the total value of residential real estate climbing to $11 trillion for the first time, increasing by $900 billion over the past 12 months, according to CoreLogic’s October Monthly Housing Chart Pack. Despite this growth, national home values rose…
Core Logic Property Pulse • 07 Oct 2024 New analysis from CoreLogic has identified 65 markets in Sydney and Melbourne where values are below record highs from the 2010s and vendors are even willing to sell at a loss… but buyers aren’t interested. Housing affordability in Australia continues to deteriorate on several fronts. The rate of…