The Spring Selling Season is Taking Shape

Posted on 21 October 2015
Source:  CoreLogic Now that Spring has arrived we are seeing a lift in the number of new listings. While this is to be expected new listings are now higher than they were a year ago in most capital cities. CoreLogic RP Data counts the number of properties available for sale each week. These counts are based on a rolling 28 day view of advertised sales and look at new listings as well as re-listings, which combined, provide a total listings count. We classify a new listing as a...
 

Has growth in investor housing credit reached its apex?

Posted by CoreLogic RP Data on 8 September 2015
Following ongoing increases in the annual rate of growth since March 2013, investor housing credit has fallen in July, does this mark the start of the much vaunted slowdown in investor credit growth? Since the Australian Prudential Regulation Authority (APRA) wrote to Australian authorised deposit-taking institutions last year spelling out sound mortgage lending guidelines, there has been lots of attention on the pace of lending for residential housing investment. The guidelines highli...
 

Residential property listings advertised for sale over the 4 weeks ending 23/08/2015

Posted by CoreLogic RP Data on 1 September 2015
Capital City No of New Dwellings 12 mth Change (%) No of Total Listings 12 mth Change (%) Sydney 7,929 16.6% 18,793 -1.5% Melbourne 8,230 11.5% 27,808 -6.5% Brisbane 3,835 4.5% 17,659 -1.7% Combined Capitals 25,178 7.0% ...
 

Foreign Buyers Remain Active in Market

Posted by NAB Quarterly Australian Residential Property Survey Q2 2015 on 11 August 2015
NAB Residential Property Index weighed down by slowing rents. Eastern states out-performing, with NSW and Victoria expected to lead price and rental growth over the next 1-2 years. Foreign buyers less active in new property markets, but despite tougher restrictions on foreign investment, increase their presence in established markets, especially in Victoria. For the first time the Survey also distinguishes between foreign buyers in apartment and housing markets. The NAB Residential Pro...
 

Weekly rents fall across every capital city over the month of July

Posted by CoreLogic RP Data on 11 August 2015
According to analysis from CoreLogic RP Data, rental rates across the combined capital cities fell by -0.3% in July 2015 and the annual rate of growth continues to slow, reaching a new record low of 0.9%. Across the combined capital cities, dwelling rental rates have fallen by -0.3% over the month, are up by 0.3% over the first seven months of the year and have increased by just 0.9% over the past 12 months. The 0.9% annual rise in capital city rents is the slowest ...
 

The Rental Growth Slump Continues

Posted by CoreLogic RP Data on 21 July 2015
According to analysis from CoreLogic RP Data, rental rates across the combined capital cities fell by -0.2% in June 2015 and the annual rate of growth continues to slow reaching new record lows. Across the combined capital cities, rental rates are recorded at $487 per week and they have fallen by -0.2% over the month, are unchanged over the past three months and have increased by 1.1% over the past 12 months. The 1.1% annual rise in capital city rents is the slowest...
 

Rental Growth Slump Continues

Posted by CoreLogic RP Data on 14 July 2015
Monthly rental analysis from CoreLogic RP Data shows that rental rates across the combined capital cities fell by -0.2% in June 2015 and the annual rate of growth continues to slow reaching new record lows. Across the combined capital cities: Rental rates are recorded at $487 per week and they have fallen by -0.2% over the month, are unchanged over the past three months and have increased by 1.1% over the past 12 months. The 1.1% annual rise in capital city rents is the slow...
 

Capital City Housing Market

Posted by CoreLogic RP Data on 14 July 2015
CoreLogic RP Data released results for capital city housing market performance to the end of the financial year this week.  The indices showed that capital city dwelling values were 9.8% higher over the financial year, ranging from a 16.2% gain in Sydney through to a 2.9% decline in Darwin.   Private sector credit data for May 2015 was released by the Reserve Bank (RBA) recently The data showed that over the month credit rose by 0.5% and over the year it has increased by 6.2...
 

Capital city dwelling values 9.8% higher over the financial year

Posted by CoreLogic RP Data on 10 July 2015
Housing values rebound higher in June taking dwelling values across the combined capital cities almost 10% higher over the financial year. Based on the CoreLogic RP Data June home value results capital city dwelling values finished the 2014/15 financial year on a strong footing, with dwelling values rising 2.0 per cent over the June quarter and 9.8 per cent higher over the year. The rate of capital gain was slightly higher over the second half of the year (5.1 per cent) compared with th...
 

Australia's rate of population growth continues to slow

Posted by Cameron Kusher, CoreLogic RP Data on 9 July 2015
The Australian Bureau of Statistics (ABS) released demographic data for the December 2014 quarter yesterday.  The data highlighted a continuing slowdown in the rate of national population growth, with the quarterly increase now lower than slump in population growth recorded during the GFC.  In particular the mining states and territories are recording the biggest slowdown in population growth fueled by a slowdown in both interstate and overseas migration. The data showed that...
 

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