Latest Property News
CoreLogic Research News • 05 Apr 2023 Demand pressures have compounded the pace of rental growth in Australia, as rents reaccelerated and vacancy rates tightened to a near record low of 1.1% in the first three months of 2023. CoreLogic’s Quarterly Rental Review for Q1 2023 shows after easing through the second half of 2022, the country’s…
Market wrap for Strathfield – Burwood – Ashfield February 2023 quarter By Dr Nicola PowellChief of Research and Economics February saw Sydney’s clearance rate jump to a sixteen-month high, at 69%. This marks the first annual improvement since late 2021 and the first time it has climbed above 60% in almost a year. At a…
by James Mitchell•05:50 AM, 20 Mar 2023 While it hopes those on fixed-rate mortgages are already saving for increased repayments, the Reserve Bank says it’s impossible to know for sure. In its latest Bulletin released on Thursday (16 March), the RBA explores the financial stability risks of fixed-rate mortgages. In an article titled ‘Fixed-rate Housing Loans: Monetary…
Research News • 15 Mar 2023 The momentum in Australia’s housing downturn has been easing since September 2022, with value falls virtually flat lining in February. Sydney led the change as housing values recorded their first month-on-month rise (+0.1%) since January last year. This positive momentum has carried through the first half of March. CoreLogic’s Daily Home…
Corelogic Research News • 13 Mar 2023 CoreLogic has released a new report unpacking how the housing market has evolved in the three years since COVID was declared a global pandemic. It’s been three years since the World Health Organisation declared COVID-19 a global pandemic, and Australian housing market performance has shown extraordinary, record-breaking figures. Some…
by Adrian Suljanovic•01:30 AM, 7 Mar 2023 For the second time in 2023, the Reserve Bank has moved to lift the official cash rate. The Reserve Bank of Australia (RBA) has made its tenth consecutive cash rate hike, raising the official cash rate by 25 basis points (bps) to 3.60 per cent from 3.35 per cent.…
Core Logic Research News • 01 Mar 2023 CoreLogic’s Home Value Index (HVI) recorded a sharp reduction in the rate of decline through February. The national index declined -0.14% over the month, the smallest monthly fall since May 2022 (-0.13%), when rate hikes commenced. A 0.3% rise in Sydney dwelling values was the most significant driver…
KATE FARRELLY FEB 14, 2023 When Novak Properties agent Lisa Novak pulled up to one of her first open homes for the year she puzzled over the queue of people, thinking that perhaps they were lining up to view a nearby rental property. Turns out there were 48 groups waiting to visit her listing, a two-bedroom unit in Dee Why…