Source:  CoreLogic Weekly rents have fallen by -0.6% over the past year Combined capital city rental rates have fallen by -0.6% over the past year which representstheir greatest annual decline on record (based on data back to 1996).  At the same time a year ago,capital city rental rates had increased by 1.1%.  The factors forcing rental rates lower include: thesoftest wages growth on record, relatively high levels of housing investment following record highsrecently,&nb...

Source:  CoreLogic
Population growth nationally remains strong but continues to trend lower, meanwhile dwelling construction is booming creating a much closer relationship between housing supply and demand.
Demographic data for December 2015 was released by the Australian Bureau of Statistics (ABS) last week.  The data showed that the national population was estimated at 23.9 million persons, with the population having increased by 326,073 persons over the 2015 calendar...

Source:  CoreLogic Actual rental change falls to a new record low in May 2016 Half of the capital cities have seen rents rise over the past twelve months, including Sydney (0.9%), Melbourne (2.3%), Hobart (3.7%) and Canberra (0.1%). Large rental falls in Perth (-8.8%) and Darwin (-16.9%) have pulled the combined capital average lower, with rents in Brisbane (-0.9%) and Adelaide (-0.9%) also lower over the year. It is anticipated that the rental market weakness ...

Source:  CoreLogic Australia's regional areas are now under the spotlight as capital city property markets become too expensive. As capital city property markets become too expensive and force buyers to look for more affordable alternatives, Australia's regional areas are now under the spotlight with some of the more popular regions showing a lift in transaction levels and median values according to CoreLogic Regional Report for the March 2016 quarter. The Illawarra r...

Source:  CoreLogic Based on the CoreLogic May monthly rental review released today, while rents increased slightly by 0.1% in April, overall, capital city rental rates edged lower, falling 0.2% over the past 12 months. Key Findings: Rental rates are currently $490/week for houses and $467/week for units across combined capital cities; Five of the eight capital cities saw a modest rise in rents over the past twelve months, including Sydney (1.4%), Melbourne (1.7%), ...

Source:  Bees Nees City Realty Affordability - it's the hot topic of the day. Helping first home buyers enter the market is an emotive issue in politics right now and last night's budget saw the government confirm it will stick with current negative gearing rules (provided they win the upcoming election of course). This real estate agent was at a meeting last year where the Shadow Treasurer spoke about housing affordability and he became agitated and passionate when he...

Source:  CoreLogic RP Data At the moment, the issue of negative gearing is extremely topical due to the Federal opposition proposal to change the availability of negative gearing to new properties only.  In data released last week, the Australian Tax Office (ATO) published their annual taxation statistics for the 2013-14 financial year.  The latest data shows that over the year there was a substantial decline in net rental losses claimed.  In fact, net rental losses...

Source - Place Projects Brisbane is under construction.  Anyone driving through the Valley, Newstead or South Brisbane can see that.  The streets are lined with hoarding plastered with impossibly beautiful vistas of the CBD from across a computer-rendered infinity pool.  Buyers want to know what Brisbane is going to look like in three years' time.  How will the landscape of this city change as a result of the recent surge in apartment construction?  We will di...

Source CoreLogic RP Data Weekly rents increased in February 2016 but are unchanged over the year CoreLogic RP Data analysis shows rents across the combined capitals rose by 0.3% in February 2016. Rental rates increased over the month in all capital cities except for Perth and Darwin. Dwelling rental rates across the combined capital cities are recorded at $485 per week and they are unchanged over the past year. CoreLogic RP Data have been tracking annual rental changes since 19...

Source: CoreLogic RP Data Across the country there were 47,483 unique new property listing over the 28 days ended 7 February 2016.  The number of new property listings is 11.0% higher than at the same time last year.  If we look back over recent years it is the highest number of new property listings at this time of year since 2010.  If we look at the combined capital cities we have also seen a large ramp-up in new listings with 27,430 new listings which is 5.4% higher t...