Source:  Corelogic The residential property markets of Australia’s two largest cities have hit their first quarter of negative territory since the extended lockdowns of 2020. Sydney and Melbourne’s market slowdown has seen CoreLogic’s national Home Value Index (HVI) continue to lose steam through April. Housing values are still rising at the national level, however the 0.6% monthly rate of growth is the lowest reading since October 2020. Sydney and Melbourne, which h...

Source:  Australian Property Journal RENTAL properties are becoming less and less available, as the country’s rental crisis mounts the national vacancy rate continues to fall, reaching just 1%. According to the latest data from SQM Research, in March there were just 36,868 residential rental properties available Australia-wide, down again from February’s 43,844 and last March’s 72,446. In Sydney the vacancy rate fell to 1.6% with 12,748 vacancies, while in Melbourne ...

Source: Corelogic CoreLogic’s national Home Value Index (HVI) was up 0.7% in March, a subtle increase on the 0.6% lift recorded in February. The uptick in the monthly rate of growth was primarily driven by stronger conditions in Brisbane, Adelaide, Perth and the ACT, along with several regional areas, offsetting a slip in values across Sydney and Melbourne. The first quarter of the year has seen Australian dwelling values rise by 2.4%, adding approximately $17,000 to the val...

Source:  CoreLogic Property market performance across Australia’s east coast, particularly South East Queensland and Northern New South Wales over the past year, could be summarised as having leading price growth, increased auction activity, and favourable internal migration trends. However, the end of February was a sobering reminder of the impact of extreme weather events and climate change. 

Numerous enquiries from the industry and media have reached CoreLogic regard...

Source:  Toowoomba Chronicle Toowoomba's rental crisis could push the cost of rent up by more than $5000 this year as the Garden City records the second lowest volume of vacant properties in 17 years. With a population of 171,000 housed in 66,000 dwellings, an estimated 22,000 of those make up Toowoomba’s total rental pool, according to property research firm Propertyology. Analysis of the city’s rental market has found just 81 dwellings are currently being advertised ...

Source: Australian Property Journal The numbers are in on the accelerated escape from the city trend, with quarterly migration from capital cities to regional areas over the past two years up 15% on the two years prior to the global pandemic. According to the latest Regional Movers Index, produced in partnership by the Commonwealth Bank and the Regional Australia Institute (RAI), the December quarter index showed net migration to the country’s regions is more than double what it was i...

Source:  Realestate.com.au Brisbane has hit its tightest residential vacancy rate in 16 years, sitting at 1.1 per cent with just 3,878 homes available for rent, which experts warn will see rent spike. Brisbane’s fall from December’s 1.3 per cent vacancy rate meant there were about 1,000 fewer rentals available in January, with the figure also a 0.6 percentage point drop from the same time last year – amounting to 2,000 fewer vacancies. SQM Research managing director ...

Source:  Realestate.com.au Buyers have hit the 2022 property market with a running start according to new data from REA Group. In January, purchaser activity reached an highest and more house hunters searched in the $1 million plus price bracket than ever before. But despite the year beginning with a bang, this year’s housing market isn’t expected to match the unparalleled year that was. REA Group’s PropTrack Housing Market Indicators Report for February s...

Source:  Australian Property Journal AUSTRALIANS spent more than $688 billion on property over 2021, jumping a huge 57% from the first year of the global pandemic. According to PEXA’s Property and Mortgage Insights (PMI), the national aggregate value of property sale settlements was up by over half of the previous year’s total, with a 32% bump to annual growth for property sale settlement volumes. “In what has been a challenging time for many Australians amidst lockd...

Source: CoreLogic Capital cities, regional areas, houses and units all saw an increase in rents last quarter, culminating in the highest calendar year growth rate since 2007. 

CoreLogic’s quarterly Rental Review shows the national rental index increased 1.9% during the December quarter, a repeat of the figures recorded in the September quarter. 

Despite quarterly growth rates easing since peaking in March at 3.2%, the national index recorded its highest annual growth r...