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…
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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…
Home prices have dropped in some major Sydney regions over the past quarter as experts warn of two big changes sweeping the housing market. Aidan Devine 2 min read October 1, 2024 – 5:00AM Home prices have begun to fall in parts of Sydney following a dramatic rise in listings and a drop in demand…
Research News • 26 Sep 2024 The number of Australian suburbs with a median house or unit value in the million-dollar club reached a new record high in August, according to the latest CoreLogic Million-Dollar Markets report. The report shows that 29.3% of the 4,772 suburbs analysed recorded a current median value at or above $1…
The Reserve Bank of Australia (RBA) kept the cash rate on hold at 4.35 per cent at today’s meeting. The latest inflation data is set to be released on 25 September, and today’s decision seems to confirm that inflation in Australia continues to slow. Read today’s official statement on the RBA’s website. The board’s next…
Research News • 18 Sep 2024 Australian property delivered a median nominal gain of $285,000 from resales in the June quarter – setting a record high for the series going back to the early ’90s. CoreLogic’s latest Pain & Gain report (Q2 2024) analysed approximately 91,000 resales over the period, revealing 94.5% of transactions recorded a nominal gain,…
by Annie Kane•14:35 PM, 10 Sep 2024•8 minute read The Greens are urging the Treasurer to use his powers to bring down interest rates, in exchange for them backing the RBA board reform. The Australian Greens have suggested they would help the government pass its bill to reform the central bank of Australia if the…