Lenders need to do better on financial hardship assistance: ASIC By Adrian Suljanovic 20 May 2024 The regulator has warned lenders that it will take enforcement action if they do not improve their financial hardship assistance services. The Australian Securities and Investment Commission (ASIC) has lambasted lenders for making financial assistance support hard to access. In…
Latest Property News
Sydney’s housing market recovery has moved through its fifth consecutive quarter of house and unit price growth – momentum not seen since late 2020 and into 2021. It marks a significant milestone for Sydney house prices as they have crossed $1.6 million for the first time – gaining 12.8% (or almost $185,000) since the December…
‘We might have to raise, we might not’: Bullock By Annie Kane 07 May 2024 | The monetary policy board has made its decision for the official cash rate for the month. The Reserve Bank of Australia (RBA) has opted to maintain the cash rate at 4.35 per cent. Following discussions on the 6-7 of May,…
Research News • 06 May 2024 In today’s Pulse article, Eliza Owen shares an update on the state of Australia’s rental market. The median weekly rent value across all Australian dwellings has hit a fresh record high of $627 per week, and rental costs range from $770 per week in Sydney, to $547 in Hobart. Figure…
Core Logic Research News, Thought Leadership Head of Research Eliza Owen explores the highest migration regions in Australia and how it has impacted home values and rents. Australia is slowly moving through an enormous (though temporary) spike in overseas migration. The ABS reports Australia’s population increased 2.5%, or 660,000, in the year to September 2023.…
Core Logic Research News, House Price Index • 01 May 2024 Home value growth in Aotearoa New Zealand stalled in April, with the 0.1% dip indicative of the indecisive nature of the property market at present. CoreLogic’s House Price Index edged down 0.1% in April, with the average NZ property value now $933,633, up around 3%…
Core Logic Research News, Thought Leadership • 24 Apr 2024 In today’s Pulse, CoreLogic research director Tim Lawless reveals the impact of population density on the housing market. With Australia’s population moving through the fastest rate of growth since the 1950’s, our cities and towns are naturally densifying. At a national level, the population density of 3.5…
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…
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…