Core Logic Research News • 18 Apr 2024 In today’s Pulse, Eliza Owen examines the ABS’s housing finance data, analysing the first home buyer segment’s accessibility to the property market. Australia’s housing market has become harder for first home buyers to access over time. The past two decades saw an increase of around 150% in the CoreLogic…
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March 2024 quarter Dr Nicola Powell Chief of Research and Economics Over the first quarter of 2024, it’s been clear that sellers have been eager to capture market momentum, helping to bring pent-up supply to market. A consistent flow of new listings has surpassed last year’s and the five-year average. This has undoubtedly tested…
Construction sector on road towards normalisation of costs Core Logic Research News • 10 Apr 2024 With detached dwelling approvals hitting a 12-year low in January, growth in national construction costs continued to stabilise in the first quarter of 2024, CoreLogic’s Cordell Construction Cost Index (CCCI) shows. The Q1 2024 national CCCI, which tracks the cost to build…
By Grace Ormsby 19 March 2024 It’s the first rate decision to be handed down outside of the former ‘first-Tuesday-of-the-month’ announcement pattern. In its second meeting for 2024, the Reserve Bank of Australia (RBA) has opted to hold the cash rate at 4.35 per cent. The decision to keep the cash rate at 4.35 per cent was…
Four years on from when the World Health Organisation declared COVID-19 a worldwide pandemic, CoreLogic research director Tim Lawless has revealed seven ways COVID changed housing trends. It was four years ago when the World Health Organisation declared COVID-19 a worldwide pandemic. Since that time economic trends, including housing metrics, have been on a roller coaster…
January 2024 quarter Sydney’s housing market commenced the year with record house prices and units close to full recovery. House prices now sit about $6,000 above the previous peak and are on track to surpass $1.6 million next month. The recovery in unit prices has picked up pace – leaving only about $12,000 to recoup.…
Core Logic Research News • 01 Mar 2024 Housing values posted a broad-based rise in February with CoreLogic’s national Home Value Index (HVI) up 0.6% in February. The 20 basis point acceleration from the 0.4% increase seen in January was the strongest monthly gain since October last year. Each of the capital cities and rest-of-state regions recorded…
Research News • 20 Feb 2024 As the gap widens between house and unit values, we reveal the suburbs with the largest and smallest house premium. Underlying land value, scarcity factor and desire for more space through the pandemic has led to a substantially larger rise in house values relative to unit values over the past…