In today’s Pulse article, Head of Research Eliza Owen discusses how the performance of dwelling values and rental demand influences Australia’s current housing supply. The current state of the Australian housing market is often characterised as undersupplied. Supply is at the centre of government policy approaches to housing, and the latest reporting from Housing Australia…
Latest Property News
RBA holds, further increases ‘not ruled out’: Bullock Although the official cash rate remains unchanged, the RBA governor has flagged that more rate increases are still possible. The Reserve Bank of Australia (RBA) has decided to hold the official cash rate at 4.35 per cent during its inaugural cash rate decision for 2024. The decision…
Research News • 01 Feb 2024 The CoreLogic House Price Index rose for the fourth month in a row in January, although the 0.4% increase was a deceleration in the pace of gains on both November (0.7%) and December (1.0%). Since September’s trough, property values have now risen 2.5%, bringing the national average to $928,184, or…
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…
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…