Core Logic Research News • 22 May 2023 What will the impact of rising demand have on listings, given we anticipate advertised supply to remain relatively low compared to historic averages? Demand for dwellings has seen an impressive lift in the past two months. Evidence of this can be seen through increases in the CoreLogic Home…
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By Adrian Suljanovic 25 May 2023 Although the housing market’s resurgence has continued to strengthen in the middle of interest rate headwinds, there are still questions regarding its sustainability, Westpac senior economist says. Westpac senior economist Matthew Hassan said the housing market’s resurgence at the start of the year was “unusual” and unexpected, citing various…
Australian property prices look to be trending upwards again, judging by the latest data from CoreLogic. After the national median price fell 9.1% between May 2022 and February 2023, it has since risen in consecutive months – by 0.6% in March and 0.5% in April. “Not only are we seeing housing values stabilising…
All data to week ending 21 May 2023
Core Logic Research News • 17 May 2023 Australia’s property downturn continues to take its toll on premium regional markets that benefited most from the mass exodus away from capital cities during the height of the pandemic, with softer values, longer days on market and bigger vendor discounts. CoreLogic’s quarterly Regional Market Update, whichexamines Australia’s 25 largest non-capital…
The Reserve Bank of Australia (RBA) has increased the cash rate at May’s monetary policy meeting, taking it from 3.60% to 3.85%. The move comes despite the Australian Bureau of Statistics’ quarterly consumer price index showing annual inflation slowed to 7.0% in the first three months of 2023 from 7.8% in the December quarter. However,…
Core Logic Research News • 30 Apr 2023 After falling -9.1% between May 2022 and February 2023, Australian housing values look to have bottomed out, posting a second consecutive monthly rise. CoreLogic’s national Home Value Index (HVI) increased by half a percent in April, following a 0.6% lift in March to be 1.0% higher over the…
By Annie Kane Permanent residents, co-habiting friends and previous homeowners will be able to access the Home Guarantee Scheme in July, the federal government has announced. The Albanese Government has announced that it will be expanding the criteria under the Home Guarantee Scheme, to enable more people to participate in the different guarantee schemes. Eligibility criteria…
Core Logic Research News • 24 Apr 2023 CoreLogic’s national unit index shows unit values nationally increased for the first time in 11 months, increasing 0.6% over March. Highlights from this month’s Unit Market Update include: Outlook for the unit market The outlook for Australian unit values is starting to look more positive, with this month…
