Source: Intelligent Finance The rental market has turned decisively in favour of property investors, with the number of vacant rental properties plummeting by one-third over a 12-month period. Between January of 2022 and 2023, the number of rental vacancies across Australia fell from 47,977 to 31,592, a reduction of 34.2%, according to SQM Research.…
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Research News • Core Logic Each month the CoreLogic Research team puts together a Housing Chart Pack, with all the latest stats, facts and figures on the residential property market, such as the combined value of residential real estate, sales volumes, and the trend in new listings. Here are this month’s highlights*: https://www.corelogic.com.au/news-research/news/2023/monthly-housing-chart-pack-february-2023?utm_medium=email&utm_source=newsletter&utm_campaign=20230213_propertypulse
Research News • Core Logic CoreLogic’s national Home Value Index (HVI) fell a further -1.0% in January, a slight improvement on the -1.1% decline recorded in December, and the smallest month-on-month decline since June last year. The reduction in the rate of decline was evident across most capital cities, except for Adelaide (-0.8%) and Perth…
By Kyle Robbins Two months after its last meeting, the Reserve Bank of Australia (RBA) has delivered its debut cash rate decision of the new year. With recent Australian Bureau of Statistics (ABS) consumer price index (CPI) data suggesting inflation needs further stifling, Australia’s central bank decided at its monthly board meeting to raise the official…
Core Logic Thought Leadership • 25 Jan 2023 ABS figures this week show quarterly headline inflation was 1.9% for December, an increase from 1.8% in the September quarter. Annual inflation was 7.8%, close to the Reserve Bank of Australia (RBA) forecast that headline inflation would peak at 8% over the year. More importantly, underlying core inflation (the RBA’s…
Refinancing activity is at ultra-high levels right now, as owner-occupiers and investors alike try to find home loans with lower interest rates as the Reserve Bank continues to raise the cash rate. Borrowers refinanced a record $19.5 billion of loans in November, the most recent month for which we have data, according to the Reserve…
Research News Core Logic More than half of the country’s house and unit suburb markets saw a fall in value in 2022, as the national property downturn became more widespread due to consecutive rate hikes, high inflation and weak consumer sentiment. CoreLogic’s interactive Mapping the Market Report has found the proportion of national house and unit markets…
Financial Review, Nick Lenaghan A price correction in commercial real estate that is gaining steam in the American and European markets will soon make its way into Australia, according to the research head at Heitman, a real investment platform with more than $78 billion ($US53 billion) under management globally. As Heitman’s head of global investment…