Rapid growth in Australian housing values and rents over the past year has contributed to greater affordability pressures for households. ABS lending data shows first home buyer finance commitments have fallen -22.8% since January 2021, and rising rent prices have created housing stress for tenants, particularly in parts of regional Australia. Perhaps a more bizarre outcome of the…
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CoreLogic’s national home value index rose another 1.5% in September, taking Australian housing values 17.6% higher over the first nine months of the year and 20.3% higher over the past 12 months. The annual growth rate is now tracking at the fastest pace since the year ending June 1989. The monthly change in housing values…
CoreLogic estimates there were almost 598,000 house and unit sales across Australia over the year ending August 2021; the highest number of annual sales since 2004 and a 42% lift on the annual number of sales over the previous 12-month period. Nationally, the number of dwellings sold over the past year was 31% above the…
2021: Robert Pignataro has been ranked as New South Wales’ number 15 Agent in a 2021 state-based ranking. It’s the inaugural edition of the report, which is set to be produced on an annual basis, and is an initiative of leading industry resource Real Estate Business (REB), produced by award-winning media business Momentum Media. The…
Local leader ranked among NSW’s top 50 real estate agents KEY POINTS New report uncovers New South Wales’ top 50 agents Strathfield real estate agent Robert Pignataro recognised in list 2021: Robert Pignataro has been revealed as one of New South Wales’ top 50 agents in a 2021 state-based ranking. Robert Pignataro of Strathfield Partners…
Combined capital city preliminary clearance rate improves across lower volumes and fewer withdrawals
There were 1,535 homes taken to auction across the combined capital cities this week, down only slightly from the 1,567 originally scheduled. In comparison, there were 1,960 auctions held across the combined capitals over the previous week, and 866 over the same week last year. So far, 1,183 results have been collected this week, returning…
Credit standards remain prudent, but higher household debt levels or a further rise in high-debt-to-income ratio lending could be a trigger for tighter credit conditions down the track. The focus on housing credit policies is becoming more intense as property values continue to rise and mortgage debt levels increase faster than their long-term averages. It’s…
The past 16 months have seen remarkable levels of adaption in the real estate sector, government stimulus and economic decline and recovery. Amid renewed and extended lockdowns, some indicators suggest the housing market has been even more resilient to lockdowns in 2021 than through 2020. But there is some suggestion not all pockets of the…
Less than two weeks out from the spring selling season of 2021, lockdown conditions are in place across the ACT, Greater Melbourne and NSW. More recently, major centres across the Northern Territory have been plunged into a snap lockdown. In the decade prior to COVID-19, sales and listings volumes would typically rise from September to…
CoreLogic’s national measure of residential construction costs show an increase of 1.4% in the three months to June 2021, outpacing the Consumer Price Index of 0.8% for the same period. The latest Cordell Housing Index Price (CHIP) results show an annual growth rate of 3.9% and the largest quarterly change since the third quarter of 2014, when…