The Australian property prices have roared another 1.8% higher in April. It comes off the back of an even stronger first three months, with CoreLogic director of research Tim Lawless noting the “slowdown” came as property outpaced wage growth. “With housing prices rising faster than incomes, it’s likely price sensitive […]
Despite many different datapoints indicating this housing market looks a lot like 2006, economists say there's less bubble risk this time around.
Separately, the S&P Case-Shiller home-price index posted its largest one-year jump since 2006. That's when the housing bubble reached its peak.
Australia’s rental market is recovering at the fastest rate since 2007, according to CoreLogic data. Rental rates spiked 3.2% over the March quarter, with median rents for regional units leading the charge. The key outlier was Melbourne, which continues to lag behind other metro and regional players thanks to a […]
Australia’s property prices rose 2.1% in February, marking their strongest national growth in 17 years according to CoreLogic. It comes as every state and territory market rises simultaneously, on the back of record low interest rates and a ‘fear of missing out’. “The last time we saw a sustained period […]
Property in Australia’s capital cities rose an average of 3% in 2020, while regional markets climbed 6.9% higher, according to CoreLogic. It was capped off by a strong December, with prices rising across the board, and Darwin leading the charge with a 2.3% jump. Looking into 2021 however, head of […]
Property prices are rising in every major Australian market, growing by 0.8% nationally. If they maintain the current pace, CoreLogic head of research Tim Lawless said new records will be set by early next year. “Buyer demand is mostly being fuelled by a surge in owner occupiers rather than investors […]
The national median home price has been spiking amid the pandemic, as people scramble to take advantage of surprisingly low mortgage rates. Because housing inventory has hit a record low, even moderate demand from home-buyers has pushed prices up. The August edition of the S&P CoreLogic Case-Shiller national home price […]
National property prices fell in Australia on a technicality in September, distorted by big declines in Melbourne and Sydney. Melbourne values plummeted 0.9% over the month, marking a 5.5% fall since March, and Sydney recorded another 0.3% fall. Meanwhile, all other capital cities are bouncing, along with the regions. Visit […]
Australia’s population will grow by just 0.6% this year, a level not seen since 1917. With the number of migrants entering the country expected to fall by 200,000 over the next 12 months, demand for property is expected to fall. As a result, CoreLogic head of research Tim Lawless expects […]
Miami leads the US in mortgage delinquencies for the top 10 metropolitan areas, with roughly 14% of mortgage payers in the city behind 30 days or more in payments. Nationwide, 7.3% of mortgages were in some stage of delinquency, up from 3.9% last year. Government stimulus packages have helped keep […]
More than seven in ten Melbourne homes sold over the weekend, according to preliminary figures from CoreLogic. Coming amid a flurry of online auctions and inspections, AMP Capital chief economist Shane Oliver said the rate would “slow to a crawl” in weeks to come. As unemployment and rental vacancies rise, […]
National property prices sank 0.6% in July, with capital city properties plunging 2% over the last three months, according to CoreLogic. The decline has been led by Melbourne where prices falls are only accelerating amid rising coronavirus cases and heavier restrictions on residents. One in three economists now don’t expect […]
CoreLogic has revealed the ten areas in Australia with the most number of households eligible for HomeBuilder renovations. Dominating the list is Melbourne and Perth, with the two cities sporting seven areas with almost 800,000 eligible homes. However, the analysis shows that there’s likely to be far fewer Australians ready […]
New South Wales and Western Australia lifted their prohibition on live property auctions and inspections over the weekend. It saw Sydney’s auction clearance rate jump to 65%, from around 50% the weekend prior, and in the 30s before that. However, with a little over 100 properties going to auction in […]
Australian capital city property prices grew by just 0.2% in April, their lowest growth since they stopped falling in June last year. Melbourne led the market lower, as prices fell 0.3%, while rents fell across all capital cities except Perth, according to CoreLogic. Forecasting 10% price falls, Commonwealth Bank economist […]
Property prices in Australia appear to be turning negative as the coronavirus shutdown turns the tide on the market. Weekly capital city price growth has turned negative for the first time since August, while the rolling 28-day average has fallen from 1.1% to 0.4% heading into the backend of April. […]
Australian property prices rose by 0.7% in March, its smallest rise since July. It came as buyer confidence plummeted due to the coronavirus outbreak, with CoreLogic observing a marked shift in the market halfway through the month. As the government bans open houses and live auctions, sales are expected to […]
The best suburbs to invest in over the last five years have been uncovered, with Mickleham in Melbourne’s north rising nearly 200%, according to data provided exclusively to Business Insider Australia by Finder. Outer suburbs of Sydney and Melbourne took out the top of the list, but were closely followed […]
If national prices continue on their current trajectory, 2020 will see the fastest market recovery in Australian history, according to property research group CoreLogic. The property downturn saw an 8.4% correction in values. In just seven months, this fall has largely been made up, with prices on track to fully […]
The housing recovery appears to have swept up every one of Australia’s capital cities, with prices rising in all eight in January according to research house CoreLogic. Sydney and Melbourne continue to lead the charge, as prices grew 1.1% and 1.2% over the month, as each approaches their respective 2017 […]
Australian capital city house prices shot up 2.4% in the September quarter, according to the ABS – four times what was forecast. It marks sustained momentum in the Australian property market, with both Sydney and Melbourne prices rising 3.6% over the same period. The latest data indicates that property prices […]
First home buyers could pay higher interest rates under a government scheme that would allow them to buy with a deposit of just 5%, as the banks baulk at the mechanics. According to the AFR, the big banks have privately floated the idea of charging a risk premium to those […]
House prices are rising at such a meteoric rate that it’s a few short months until old records are obliterated, according to property research house CoreLogic. If the current rate of growth continues, Melbourne will be at another peak as of January next year, with Brisbane and Sydney both on […]
The government’s first home buyers scheme would allow 10,000 eligible Australians each year to pay just a 5% deposit when buying a home, with the government lending the remainder. It announced on Monday however that when it comes into effect on 1 January it will be subject to rules that […]
Australian property prices may have risen across the board, but it’s the top end of the market that has really soared. New CoreLogic analysis shows the top 2% of prices nationally begin at $2.16 million. In Sydney and Melbourne that blows out to $3.21 million and $2.53 million each. Darwin […]
National property has been experienced its biggest monthly jolt in two and a half years, as prices jumped 0.9% in September, according to CoreLogic. It was heavily supported by rebounding markets in Sydney and Melbourne. They saw prices soar 1.7% apiece, as both stabilise after prolonged declines. The recovery has […]
Homeowners are holding onto their homes for 3.8 years longer and apartments 2.9 years longer than they were a decade ago, new analysis by CoreLogic shows. Victoria is the worst offender, home to the three suburbs with the highest house holding periods in the country. Interestingly, when it comes to […]
Property prices have risen nationally for the first time since October 2017, lifting 0.8%, according to property group CoreLogic. Capital city home prices were even stronger, increasing by 1% across the eight capitals. The resurgence is being led Sydney and Melbourne which have seen the sharpest falls in the last […]
National property prices rose for the first time since 2017, recording a slight 0.1% bump in July. The uptick was helped by the Sydney and Melbourne markets stabalising, ending a multi-year slump that has seen prices fall nationally by more than 8%. Looking ahead, the Commonwealth Bank expects modest 2% […]
Multi-year declines in the Sydney and Melbourne property markets appear to be abating, as the latest figures from property analyst CoreLogic show the first uptick in house prices since 2017. Auction clearance rates have recovered since the May federal election, subsequent interest rate cuts and loosening of lending standards according […]
Sydney and Melbourne property markets had their strongest auction performance in more than a year, following a period of decling property prices and sluggish sales. The return of confidence has been credited to multiple factors including cheaper borrowing due to an interest rate cut, and the preservation of negative gearing […]
CoreLogic has released its end of year report, showing the weakest housing market conditions post-GFC, with values falling 4.8% through 2018. 9 out of the 10 capital-city subregions were across Sydney, with Ryde leading falls at -13.3%. National dwelling values were down 2.3% over the December quarter. It’s official, the […]
Weekly data from Corelogic showed Australia’s preliminary auction clearance rate fell to 55% last week. It was the lowest level of the year, although CoreLogic said clearance rates have “levelled out somewhat” since May. The number of successful auction sales in Australia slowed last week as more properties went to […]
Data from CoreLogic shows home values fell by 0.1% last week across Australia’s combined capitals. Melbourne’s market led falls for the fourth straight week, recording a 0.2% fall. Price falls across the combined capitals have now reached 3%, compared to 1.8% at the end of June. Australian house prices ticked […]
Preliminary data from CoreLogic showed auction clearance rates rose last week, with a solid lift in Sydney. In a reversal of recent trends, there were more successful auctions for houses compared to units. Australian auction clearance rates picked up last week, reversing two straight weeks of declines. Preliminary data from […]
Finalised weekly data from CoreLogic showed auction clearance rates fell in Sydney and Melbourne for the second straight week. Despite that, CoreLogic said auction clearance numbers are steadier than the last major housing downturn in 2012. Across Australia’s combined capitals, auction volumes this weekend are expected to be little-changed from […]
Auction clearance rates picked up last week as total volumes declined by 11.5%. The Sydney market outperformed Melbourne, with a preliminary success rate of 66.9%. Despite the weekly improvement, CoreLogic said that overall auction clearance rates are still in a downward trend. Preliminary auction clearance rates in Australia picked up […]
In forecasting the outlook for Australian bank stocks, JP Morgan compared the sector to banks in Sweden following a 9% decline in Swedish house prices. The analysts said slower mortgage growth will weigh on earnings, but a significant decline in the quality of banks’ loan books is unlikely. JP Morgan […]
House prices in Sydney and Melbourne declined again last week, along with price falls in smaller markets. CoreLogic’s weekly house price data showed Sydney house prices declined by another 0.2%, amid low auction volumes over the Australia Day long weekend. That leaves the monthly fall at 0.7%. The annual house […]
Growth in rental yields has slowed to a crawl in housing markets across Australia’s capital cities. Data from CoreLogic for the 2017 December quarter growth showed rental rate increases were flat for the combined capital cities, down slightly from 0.1% growth in the previous quarter. “Across the individual capital cities, […]
Sydney was the only property market to fall last week across Australia’s five largest capital cities. Weekly data from CoreLogic showed Sydney house prices fell by 0.3%, with flat growth in Melbourne, Brisbane, Adelaide and Perth. The relative weight of the Sydney market saw prices nationally dragged lower by 0.2% […]
Auction clearance rates across the country hit a two-year low last week, amid reduced activity in Australia’s cooling housing market. After preliminary clearance rates fell to 63.1% on Monday, data from CoreLogic showed the final figure came in yesterday at 59.5% — the first reading below 60% since late 2015 […]
Auction activity cooled again on the weekend in Australia’s major housing markets, after a brief rebound in the previous week. Preliminary data from CoreLogic shows the Sydney auction clearance rate at 62.4% (down from 66.2%) and Melbourne at 66.0% (down from 69.0%). It left the weighted average across Australia’s capital […]
Australia’s housing market continues to cool, with property in Sydney seeing its biggest quarterly fall since March 2016. The CoreLogic Home Value Index for November showed that home prices remained flat across the country in average weighted terms, as they did in October. Quarterly price growth across capital cities and […]
Preliminary data from CoreLogic indicate clearance rates rose in Sydney on the weekend, despite another flood of homes hitting the market. There were 3,409 auctions across Australia’s capitals, surpassing the previous week’s 3,390 as the third busiest week of 2017. “Once final results are collected, the combined capital city clearance […]
Sydney property prices are down 0.5% over the past month, leading a continued cooling in Australian housing market. Data from CoreLogic showed price growth in Sydney was flat last week, which extended to markets nationally as average weekly growth across Australia’s five biggest capital cities was unchanged. Melbourne property prices […]
New research from CoreLogic shows that if you’ve bought and sold Australian property within the last five years, then chances are you’ve made money. However, the data reaffirms that Australian property is comprised of many markets, and not every one is guaranteed to outperform — particularly over a shorter time […]
Australian house prices posted their fifth straight quarter of growth in the three months to the end of June, data from the ABS shows. On a weighted average basis, home values across Australia’s capital cities rose by 1.9%, beating forecast growth of 1.3%. That led to an annualised gain of […]
Clearance rates for Australian auctions were little-changed last week, with the Melbourne market driving higher volumes. CoreLogic’s preliminary weekly auction clearance data showed a national clearance rate of 70.3% — just up from 70.2% and 70.0% in the preceding two weeks respectively. The figures were consistent with recent results which […]
The number of million-dollar homes in Australia’s major cities continues to increase, the latest research from CoreLogic shows. CoreLogic analyst Cameron Kusher has run some numbers on Australian property sales for the 12 months to June 30, with a focus on the magical seven-figure mark. “Over the 12 months to […]
House price growth in Australia’s two major markets slowed in the last week of July, according to CoreLogic’s weekly house price data, released today. On an average weighted basis, house prices in Sydney fell by 0.3% for the week, which reduced the monthly price change to just 0.9%. Melbourne prices […]
The proportion of successful home auctions in Sydney dropped below 70% for the first time since April 2016 in another sign of a cooling property market. Australia’s largest city recorded a final auction clearance rate, a measure of housing demand, of 67.7%, according to research firm CoreLogic. The city saw […]
Australian home prices have risen consistently over the last 20 years. With that in mind, it’s sometimes easy to forget that there have been bumps in the road despite the broad upward trend. CoreLogic analyst Cameron Kusher’s latest Property Pulse report dissects the biggest price falls in major Australian real […]
Housing affordability remains a central concern in Australia, and it means that millennials are staying home for longer. That’s one of the findings from CoreLogic’s “Perception of Housing Affordability Survey” conducted by Galaxy Research, and beneath the headline data there’s some interesting insight into how Australians feel about property. Almost […]
CoreLogic has released its list of the fastest selling suburbs in Australia. The numbers show a discrepancy in the speed of house and apartment sales across different regions. CoreLogic analyst Cameron Kushner said that the rate of sale has increased more rapidly in Sydney and Melbourne over the last few […]
Preliminary data from CoreLogic indicates house prices in Sydney may be starting to cool. Auction activity resumed in full on the weekend following the Easter break, and the figures showed that weekly clearance rates nationally were 72.1%. Sydney and Melbourne continue to lead the market, both tracking above 75%: Although […]
Australian capital city auction clearance rates bounced back above the 70% level last week, led by a resurgent Sydney market. According to preliminary figures released by CoreLogic on Monday, 72% of properties auctioned sold, leaving the combined capital figure near highs not seen since the middle of last year. It […]
The cost of renting in Australia continues to fall, logging the largest annual drop on record in June. According to the latest June Rent Review released by CoreLogic, capital city rental rates fell by 0.4% from a year earlier, with steep declines in mining capitals, along with an increasing amount […]
The cost to rent a property in Australia is falling at the fastest pace on record. According to the latest Rent Review Snapshot released by Corelogic, weekly rental rates fell by 0.3% to $486 across Australia’s capitals in the 12 months to May, marking the fastest annual decrease seen dating […]
Australian auction clearance rates continued to lift last week, fitting with recent strength in house prices in the nation’s largest housing markets, Sydney and Melbourne. According to preliminary figures released by CoreLogic, the national auction clearance rate increased to 70.7%, up from 67.7% reported for the previous corresponding week. Of […]
The US housing market is tough for buyers right now – low supply has led to high demand and an increase in prices. Nationally, home prices rose by 7% from March 2017 to March 2018. But incomes haven’t increased at the same rate, leading to overvaluation in some of the […]
But will they be built?
More RBA rate cuts seem almost certain.
U.S. home prices, including distressed sales, were up 0.2% on the month in October, and up 12.5% on the year, according to CoreLogic’s latest report. This was the twentieth consecutive monthly year-over- year increase in national home prices. The pace of home price growth tends to slow towards the end […]
Home prices grew by 1% month-over-month in August 2013, according to the latest Corelogic home price index, after growing 1.7% in July. This figure excludes distressed home sales transactions. which include short sales and REO transactions, in which a lender takes possession of a property following an unsuccessful foreclosure auction. […]
Home prices are expected to slow.
Home prices up 11.9% on the year.
West-coast prices rising at "torrid" pace.
Up for the thirteenth straight month.
[credit provider=”Alex Barth via flickr” url=”http://www.flickr.com/photos/a-barth/2953157440/”] 1.4 million borrowers moved to positive equity (where homeowners owe less on their mortgage than their home is worth) in the year through the end of Q3. This is according to CoreLogic’s latest negative equity report.But a whopping 10.7 million or 22 per cent […]
National home prices including distressed sales were up 7.4 per cent year-over-year (YoY) in November, the biggest increase since May 2006. This is according to CoreLogic’s latest home price report. On a month-over-month (mum) basis, prices were up 0.3 per cent.
National home prices, including that of distressed homes, climbed 6.3 per cent year-over-year in October, rising for the eighth straight month, according to the latest data from CoreLogic. This is the biggest increase since June 2006.
[credit provider=”John Moore/Getty Images” url=”http://www.gettyimages.com/detail/news-photo/clifford-coburn-loads-his-belongings-onto-a-truck-with-the-news-photo/84657891″] More positive news for the housing market – the one bright spot in the U.S. economy.October saw 58,000 completed foreclosures across the country, down 17 per cent, from 70,000 a year ago, according to latest CoreLogic report.
Home prices including distressed sales were up 5 per cent on the year in September, according to CoreLogic’s latest home price report. This is the seventh straight rise in home prices on an year-over-year basis and is biggest increase since 2006.
Home prices, including distressed sales, were up 4.6 per cent year-over-year according to CoreLogic’s latest home price index. Prices were up 0.3 per cent from a monh ago.
[credit provider=”Robert Johnson — Business Insider” url=”http://www.businessinsider.com.au/author/robert-johnson”] While national home prices turned positive for the first time in August, according to Case-Shiller, housing is a local story and many markets continue to perform worse than others.A housing recovery depends on a number of factors like job creation, foreclosure inventory, home […]
[credit provider=”John Moore/Getty Images” url=”http://www.gettyimages.com/detail/news-photo/brandie-barbiere-tries-to-explain-to-her-husband-dan-news-photo/128281025″] 11.4 million or 23.7 per cent of all residential properties with a mortgage were in negative equity – when borrowers owe more on their mortgages than their property is worth – according to a new report by Corelogic.This is down from 25.2 per cent of […]
Corelogic has called the housing bottom. This is big coming from “the most sober shop when it comes to real estate,” notes trader @dutch_book.
National home prices, including distressed sales declined 3.1 per cent on a year-over-year basis in January 2012, and were down 1 per cent from the previous month, according to latest data from CoreLogic. This is the sixth straight monthly decline in the home price index. Mark Fleming chief economist for CoreLogic […]
[credit provider=”Flickr / haglundc” url=”http://www.flickr.com/photos/haglundc/4441725035/sizes/l/in/photostream/”] U.S. home prices posted their fifth-consecutive month-over-month decline, CoreLogic reported today.The group’s home price index declined 1.4 per cent in December as short sales and foreclosure deals continued to bog down prices.
[credit provider=”Zillow” url=”http://www.zillow.com/homedetails/8422-Shale-Dr-Madison-WI-53719/55383636_zpid/”] Corelogic announced Monday that home prices in 2011 would finish “very modestly down” for the year as prices slid for the fourth consecutive month in November, decreasing 1.4 per cent.The more popular Case-Shiller home price index is up to date through October.