Brisbane Market Update

Posted on 27 October 2015
Source: Qld Market Monitor BRISBANE MARKET Over the June quarter, Brisbane's residential market continued to record healthy growth both in sales volumes and median sale prices. Average days on market and vendor discount remained relatively unchanged compared to the previous quarter, indicating that the Brisbane property market is improving at a sustainable rate. Local agents say a lack of listings is still present most notably in the house market, with demand strongest ...
 

Qld residential markets on track

Posted on 27 October 2015
Source:  Qld Market Monitor Over the second quarter of 2015, Queensland's residential property markets continued along relatively the same trends seen since the start of the year. The state's strengthening centres continue to improve at steady and sustainable levels while our regional centres are beginning to show hints of recovery. Outside Brisbane, the state's tourism centres continue to perform strongly. The Gold and Sunshine coasts continue to record buoyan...
 

Start to Spring provides timely test for national housing market conditions

Posted on 21 October 2015
Source:  CoreLogic CoreLogic RP Data Hedonic Home Value Index, September 2015
Results Released: Thursday, October 1, 2015 The capital city housing market performance was diverse over the first month of Spring, with Sydney value growth flattening and dwelling values down across three of the capital cities according to the September CoreLogic RP Data Home Value Index results out today. CoreLogic's head of research Tim Lawless reported that the first month of Spring pro...
 

First signs that investors are losing some of their housing market exuberance emerging

Posted on 21 October 2015
Source: CoreLogic
The 10% speed limit on investor housing credit growth has been the focus of much attention since the policy change was announced by APRA in December last year. The 10% speed limit on investor housing credit growth has been the focus of much attention since the policy change was announced by APRA in December last year.  Since this time the pace of credit growth for investment purposes has failed to fall below the APRA benchmark, however recently there have ...
 

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...
 

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