Source:  Corelogic Dwelling value growth has slowed as demand from investor's falls; is this just a coincidence or does it highlight just how reliant the housing market has become on demand from the investor segment? Over the past five years, dwelling values nationally have increased by 39.3% largely driven by Sydney and Melbourne where values have increased by a much larger amount.  At their peak in May 2015, investors accounted for 54.8% of new (excluding refina...

Source:  Brisbane Times A senior Reserve Bank official has flagged concerns about the "awful lot" of apartments due to flood the Brisbane property market, and the potential hit facing investors who had bet on making capital gains. Michele Bullock, assistant governor for the financial system, on Thursday signalled that the RBA's long-running worries about an oversupply of apartments were most acute in relation to Brisbane, but it was more comfortable with the wave...

Source:  Brisbane City Buzz - BeesNees City Realty   Few things are more on the mind of inner-Brisbane property investors right now where's the rental market headed? The media clamor for new data and are being fed by property developers and others with an interest in positive spin, along with those "independent" commentators who would like investors to put their savings into another place, and can only see the sky falling on our market. So here's our...

Source: CoreLogic   Over the 12 months to May 2017, only 4.8% of all houses nationally actually sold highlighting just how little stock sells in a given 12 month period. Across house sales over the past 12 months, Tasmania saw the highest proportion of stock turning over with 5.6% of all houses in the state selling.  Conversely, Western Australia saw the lowest proportion of turnover with just 4.0% of all houses selling over the past year.  % of total houses ...

Source:  CoreLogic
CoreLogic August home value index results for the month confirm a slowdown in housing market conditions in Sydney, while Hobart emerged as the country's best performing capital city based on growth in dwelling values over the past twelve months. National dwelling values remained flat during August, with capital city values edging 0.1% higher. Simultaneously, regional dwelling values slipped 0.2% lower.  According to CoreLogic head of research Tim Law...

Source:  Kieran Clair According to a major analyst, half of Brisbane's off-the-plan (OTP) units could be classed a 'settlement risk.' Speaking at the Australian Property Institute's Brisbane conference today, CoreLogic head of research, Cameron Kusher, said his company tracked the proportion of OTP sales where their independent valuation was lower than their sale price. "In Brisbane, about 50 per cent of those valuations are coming in below the actual ori...

Source:  CoreLogic   The housing market is gradually responding to higher mortgage rates, tighter credit policies and affordability challenges, with the quarterly trend in capital gains moderating relative to early 2017. According to CoreLogic head of research Tim Lawless, the latest housing market results highlight the diversity of housing market conditions, with dwelling values down over the month in Brisbane (-0.6%), Perth (-1.3%) and Darwin (-1.2%).
Index results as...

Source:  Bees Nees City Realty The latest stats are out on Brisbane's rental market. The Residential Tenancies Authority records the rent when a new bond is lodged and each quarter we sit down to analyse the results and get a handle on emerging trends. Here's the numbers for the June quarter released this week: Across Brisbane median weekly rent for a 2 bed apartment was down $20 to $400 On average, inner-city suburbs rose $5 to $485/week (after a $5 dip in th...

A high concentration of inner-city apartments has caused a chain reaction in the Brisbane rental market, leading to rental yields for detached houses falling more than seven per cent in the past year. Stagnant rents and vacancy rates for the Greater Brisbane region hide a more serious problem investors are now making less returns because of a slow uptake in apartment supply and a correction to the market could be more than a year away. "There's no doubt with the increased sup...

Source - CoreLogic   According to CoreLogic head of research Tim Lawless, "This stronger month-on-month reading can be partially explained by the seasonality in the monthly growth rates.  Adjusting for this effect suggests an easing trend in housing value growth has persisted through the second quarter of 2017." The June quarter results showed that capital city dwelling values were 0.8% higher across the combined capitals index; the slowest quarterly rate of...