Property Pulse, Research News • 25 Jan 2024 Just over one third (35%) of Australia’s regional coastal markets recorded housing values at record highs at the end of last year despite multiple rate rises, cost of living pressures and market uncertainty, CoreLogic figures reveal. A thorough examination of Australia’s regional coastal suburbs to the end of…
Latest Property News
A reacceleration in the quarterly pace of growth for national construction costs is suggested to be a return to trend rather than a new surge, according to CoreLogic. The Cordell Construction Cost Index (CCCI), which tracks the cost to build a typical new dwelling, recorded a growth rate of 0.8% over the three months to December.…
Domain Carmen Forward December 18, 2023 The owners of four homes side-by-side in Burwood spent 10 years trying to get together and sell as a development site. Finally listed for sale together, they went to auction on Saturday with a $10 million guide, only for one vendor to foil the four-in-a-line opportunity. Numbers 10, 12, 14 and 16 Stanley Street, spanning…
In recent months, market dynamics have shifted as the near-full market recovery positively influences seller confidence, bringing pent-up supply to market. Sellers have been eager to capture market momentum, as house prices have only $7,000 left to break through to a new record. New listings have been consistently higher than 2022, with auction volumes reaching…
In its last monetary policy decision of the year, the Reserve Bank of Australia (RBA) left the cash rate on hold at today’s board meeting. The decision comes as new data from the Australian Bureau of Statistics showed annual inflation eased sharply from 5.6% to 4.9% in October as higher interest rates worked to cool…
CoreLogic’s national Home Value Index (HVI) rose 0.6% in November, the smallest monthly gain since the growth cycle commenced in February. Despite the slowdown, the national HVI reached a new record high in November. After falling -7.5% from a peak in April 2022 to a trough in January 2023, housing values have bounced 8.3% higher over the…
Liberal Party Defence and National Security Policy Chair Lincoln Parker says Chinese property owners in Australia are investing in residential real estate “to the tune of $3.4 billion dollars a year”. Mr Parker told Sky News host Erin Molan that it equates to about $65 million dollars per week – “every week”. “Which is driving…
Hot on the heels of October’s 0.4% rise in property values, the CoreLogic House Price Index shows another rise in November, of 0.7%. The net result is that average property values are now up by 1.1% over the past three months, and the annual change now sits at -4.5%, the softest annual decline since November…
After recording stronger growth and milder declines through the recent cycles, a new analysis of Australia’s regional housing markets shows many areas have lagged their capital city counterparts over the past year. CoreLogic’s refreshed Quarterly Regional Market Update, which now analyses value and rent changes across the country’s largest 50 non-capital Significant Urban Areas (SUAs), shows…