Liberal Party Defence and National Security Policy Chair Lincoln Parker says Chinese property owners in Australia are investing in residential real estate “to the tune of $3.4 billion dollars a year”. Mr Parker told Sky News host Erin Molan that it equates to about $65 million dollars per week – “every week”. “Which is driving…
Latest Property News
Hot on the heels of October’s 0.4% rise in property values, the CoreLogic House Price Index shows another rise in November, of 0.7%. The net result is that average property values are now up by 1.1% over the past three months, and the annual change now sits at -4.5%, the softest annual decline since November…
After recording stronger growth and milder declines through the recent cycles, a new analysis of Australia’s regional housing markets shows many areas have lagged their capital city counterparts over the past year. CoreLogic’s refreshed Quarterly Regional Market Update, which now analyses value and rent changes across the country’s largest 50 non-capital Significant Urban Areas (SUAs), shows…
Australia’s housing market upswing has become more widespread, with four in five house and unit markets analysed nationally recording a rise in values over the past three months. CoreLogic’s interactive Mapping the Market tool, updated with data to the end of October 2023, found 83.1% of house markets and 80.6% of unit markets saw values rise in…
Market wrap for Strathfield – Burwood – Ashfield October 2023 quarter Dr Nicola Powell Chief of Research and Economics Sydney’s housing market recovery moved through its third quarter of house and unit price growth – a rising stretch that hasn’t occurred since 2021. This has pushed annual house price gains to an 18-month high. For…
In this article, CoreLogic Head of Research Eliza Owen addresses the debate on Australia’s migration strategy and shares five key insights on overseas migration and the housing market. Overseas migration is frequently being called out as one of the primary factors influencing the housing market. In the face of high interest rates, low consumer sentiment…
A word from Eugene Vassiliev This update provides a snapshot of the latest news and insights for the banking and finance industry. Recently, CoreLogic’s national Home Value Index rose a further 0.9% in October, accelerating from a 0.7% rise in September. Our research director, Tim Lawless, noted a nominal recovery in the national index is likely…
By Adrian Suljanovic 07 November 2023 The November rate hike is set to disrupt the nation’s housing market rebound according to CoreLogic’s research director. The Reserve Bank of Australia (RBA) has announced its decision to lift the official cash rate by 0.25 per cent from 4.1 per cent to 4.35 per cent. This cash rate…
In this article, CoreLogic Head of Research Eliza Owen analyses rental markets across Australia’s combined capitals and identifies the cheapest rents within 20km of CBDs. Across the combined capital city markets of Australia, rent values have risen another 10% in the 12 months to September. Limited availability of stock, a strong net overseas migration position…
CoreLogic’s national Home Value Index rose a further 0.9% in October, accelerating from a 0.7% rise in September (revised down from 0.8%). Since finding a trough in January, the national HVI has increased 7.6%, leaving the index only half a percent below the historic high recorded in April last year. CoreLogic’s research director, Tim Lawless,…