Latest Property News

The impact of macro-prudential policies on the housing market

Credit standards remain prudent, but higher household debt levels or a further rise in high-debt-to-income ratio lending could be a trigger for tighter credit conditions down the track. The focus on housing credit policies is becoming more intense as property values continue to rise and mortgage debt levels increase faster than their long-term averages. It’s…

Mortgage serviceability cheaper than renting on over a third of Australian properties

CoreLogic analysis suggests servicing a mortgage is now cheaper than paying rent on 36.3% of Australian properties, which is higher than the pre-COVID proportion of 33.9% reported in February last year.  The analysis was undertaken at the individual property level, using a set of mortgage assumptions and valuation estimates, to approximate mortgage repayments. These were then compared with…

The housing market through pandemic lockdowns

As the delta variant of COVID-19 spreads in Australia, and vaccination rates remain low, CoreLogic has released a comprehensive overview of housing market performance through lockdowns.  The report uncovers some key elements of housing markets in lockdown to help inform expectations for the coming weeks, including: Auction results across Sydney and Melbourne have remained resilient…