Research News, Home Value Index • 05 Sep 2024 CoreLogic’s Home Value Index (HVI) showed that the property market remained weak in August, with values down by another 0.5%. That was the sixth consecutive fall since February’s ‘mini peak’. Moreover, following revisions to previous months’ data as the index captures more information (July now down -1.0%), this now…
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Property Pulse, Research News • 15 Aug 2024 With spring around the corner, buyers, sellers and property professionals are gearing up for a lift in sales and listings activity – but for some sellers in Melbourne, Hobart and Sydney, spring does not necessarily mean that demand will lift. Spring can be a popular time for both…
Market wrap for Strathfield – Burwood – Ashfield July 2024 quarter Dr Nicola Powell Chief of Research and Economics We’ve seen a steady stream of new home listings throughout autumn and winter, consistently topping the five-year average across Sydney. Demand has held up, thanks to rising investment and first-home buyer activity, but the higher supply…
Soho August 2, 2024 Strathfield, one of Sydney’s premier suburbs, is the suburb to watch. Home prices are soaring, making it a hot spot for real estate investors and home buyers alike. Elie Semrani, a local real estate agent with deep roots in the area, has witnessed the transformation firsthand. “I lived and grew up in Strathfield…
by Adrian Suljanovic•14:30 PM, 6 Aug 2024•12 minute read The RBA has held the cash rate steady while economic uncertainty is still front of mind for the board. The Reserve Bank of Australia (RBA) has announced that the official cash rate has been held steady at 4.35 per cent, in its 6th cash rate hold since…
Research News • 01 Aug 2024 While headline growth rate remains positive, three capitals recorded a decline in values over the past three months with Melbourne falling -0.9% National home values rose 0.5% in July, the 18th consecutive monthly increase in home values nationally – a figure on par with the 0.5% increase recorded in June. Following a -7.5%…
Property Pulse, Research News • 24 Jul 2024 In today’s Pulse, Eliza Owen analyses Australia’s rental market performance, using CoreLogic’s newly launched bedroom count metric. Rental affordability continues to deteriorate in Australia, however new data from CoreLogic shows renters are starting to favour larger dwellings. A slight slowdown in net overseas migration might also be a…
In today’s Pulse, Economist Kaytlin Ezzy discusses the recent slowdown in housing value growth nationally. The winter chills are driving temperatures lower across the country, but the thermometer is not the only thing that has been dropping. CoreLogic’s daily home value index has seen a marked easing in the rolling four week change, with national…
June 2024 quarter Sellers are keen to capitalise on market momentum, bringing a steady stream of new listings for sale. New listings are 8% above last year’s numbers and 9% above the five-year average. Although new listings take a seasonal dip during the winter months, this June saw the highest volume since 2022. At the…