Research News, Thought Leadership • 27 Oct 2022 | CoreLogic Eliza Owen unpacks the direct and indirect implications of this budget for the housing market. Restrained spending has characterised the Albanese Government’s first federal budget. With Treasury forecasting annual headline inflation to hit 7.75% in the December quarter, key considerations for fiscal policy range include increasing…
Latest Property News
Research News • 24 Oct 2022 Core Logic Sydney home values are down -10.1%, equivalent to approximately $116,500, since the city hit its peak value in February 2022, CoreLogic’s daily home value index shows. The double-digit decline follows six successive cash rate hikes and record-low affordability after a surge of 27.9% or roughly $252,900 in the city’s dwelling…
CAROLYN CUMMINS | The Sydney Morning Herald Small to medium office tenants are leading the charge in the leasing market and are now responsible for the bulk of the take-up in the sector. This has led to a clear division emerging in the way small and large corporate occupiers are addressing their office requirements post-pandemic,…
By Annie Kane 19 October 2022 Mortgage Business In his final official speech as APRA chair, Wayne Byres has outlined why lower housing prices and lower debt levels “would be no bad thing”. As the chair of the prudential regulator, Wayne Byres, prepares to leave his role after eight years, he has reflected on the overall strength of…
Sep-22 quarter By Dr Nicola PowellChief of Research and Economics Sydney’s record-breaking rent streak continued with house rents rising to a new high and unit rents back at a record high for the first time since 2018. It is a significant milestone for house and unit rents both to be sitting at a price peak.…
Research News • 07 Oct 2022 CoreLogic’s Cordell Construction Cost Index (CCCI) for Q3 2022 showed national residential construction costs increased at a record rate in the year to September 2022, the highest annual growth rate, excluding the period impacted by the introduction of the GST (10.2% over the year to March 2001). According to the national CCCI,…
Research News • 10 Oct 2022 CoreLogic Rental Growth Review As Australia’s rental market continues to tighten to record levels, the pace of rental growth has started to ease, suggesting affordability constraints are having an impact. CoreLogic’s Quarterly Rental Review for Q3 2022 Released today, this rental review shows the national rental index had its smallest…
By Fabian Cotter Mortgage Business Loan arrears rates A small group of borrowers could fail to meet debt payments due to low savings and high levels of debt, the RBA has flagged. The Reserve Bank of Australia’s (RBA) latest Financial Stability Review has provided a somewhat bleak assessment of the financial system’s current condition and potential…
Research News • 02 Oct 2022 CoreLogic reported a further fall in housing values through the first month of spring, with the national Home Value Index (HVI) recording a -1.4% decline in September. Although values continue to trend lower, the rate of decline eased from a -1.6% fall in August. The loss of momentum in the pace…
By Fabian Cotter 04 October 2022 The Reserve Bank of Australia has increased the cash rate to 2.60 per cent for October, a move not widely predicted by bank economists. The Reserve Bank of Australia (RBA) has delivered a 25-bp rate rise today (4 October). The official cash rate is now 2.60 per cent. Speaking after…