Source: Corelogic RP Data Across regional Queensland, rental rates remained steady for houses over the final quarter of 2015, at $350/week, while for units, a -2.9% decline was recorded, bringing the typical rental rate to $330/week.  Both the detached house and unit rental performance over the past year has underperformed when compared to the five year average for the region and interestingly, regional Queensland house rents are currently recording the same median price as they wer...

The latest stats are out for Brisbane's rental market. Residential Tenancies Authority records the rent when a new bond is lodged and each quarter we analyse the results to understand current and  emerging trends. Here's the numbers for the December quarter released mid-January 2016: Across Brisbane median weekly rent for a 2 bed apartment stayed at $400 in the December quarter - a similar price achieved in March 2014 Inner-city suburbs saw rents drop $5 to $490/w...

Source:  CoreLogic
After showing strong conditions through to September, the final quarter of 2015 ends with capital city dwelling values declining by 1.4%. According to the CoreLogic RP Data Home Value Index, dwelling values were absolutely flat across the combined capitals during December, with negative movements in Sydney, Adelaide and Canberra being offset by a rise in dwelling values across the remaining five capital cities. The Sydney housing market was the main drag on the De...

Source: CoreLogic RP Data Over the week ending December 6 2015, CoreLogic RP Data captured 2,961 auction results, accounting for more than 91% of all auctions held across the capital cities. The final auction clearance rate over the past week was recorded at 57.3%, which is its lowest auction clearance rate since February 2013. Melbourne's clearance rate was 63.3% across 1,522 results, its lowest clearance rate since February of this year. Sydney's clearance rate was r...

Source:  Corelogic RP Data Late last week the Australian Bureau of Statistics (ABS) released October data on overseas arrivals and departures.  The data is important because it highlights how the tourism market is going as well as providing up-to- date details of overseas migration.  According to the data there were 675,680 permanent and long-term settler arrivals to Australia over the year to October 2015 which is -5.5% lower over the year.  Annual permanent settle...

Source: CoreLogic RP Data The national number of newly advertised properties was -8.4% lower relative to the same period one year ago with 44,541 properties added to the listings pool over the past twenty eight days. Across the combined capital cities new listings are -6.9% lower than they were at the same time last year. Adelaide (+0.9%) and Canberra (+19.8%) are the only capital cities where new listings are higher than a year ago while they are unchanged in Melbourne. The t...

Source:  AMP - Shane Oliver Some property analysts claim the property cycle changes every 7 to 10 years. AMP Capital's chief economist, Shane Oliver explores this view and explains what causes property cycles to change over time. Q: Shane, what is meant by the seven year property cycle? What are the different phases? A: The "seven year property cycle" is often referred to by property market commentators and refers to the swing in house prices through the ...

Source: CoreLogic RP Data Home values fall in Sydney and Melbourne as housing market moves through peak of cycle. The CoreLogic RP Data November Home Value Index confirmed dwelling values fell across five of the eight capital cities in Australia over the month, taking the combined capitals index 1.5% lower. According to CoreLogic RP Data head of research Tim Lawless, slower housing market conditions for Sydney and Melbourne became evident earlier in the year and continued throu...

Source: CoreLogic More than two thirds of Australians think housing market could suffer a significant correction The release today of the CoreLogic RP Data - TEG Rewards Housing Sentiment Survey revealed that more than two thirds of Australians are concerned that Australia's housing is vulnerable to a significant correction in values.
68% of respondents to the survey conducted in September answered "yes" to the question: 'In your opinion is Australia's housi...

Major infrastructure projects planned around Brisbane led to a spate of compulsory property acquisitions and affected land owners are being warned to ensure they receive their full entitlements. In one of the latest examples, Brisbane City Council announced in October 2015 that it would acquire part of 32 properties on Kingsford Smith Drive as part of the Kingsford Smith Drive road widening project. Leeson Valuers Partner, John Leeson said owners of affected properties on Kingsford Smith Driv...