Source: CoreLogic RP Data
At the moment, the issue of negative gearing is extremely topical due to the Federal opposition proposal to change the availability of negative gearing to new properties only. In data released last week, the Australian Tax Office (ATO) published their annual taxation statistics for the 2013-14 financial year. The latest data shows that over the year there was a substantial decline in net rental losses claimed. In fact, net rental losses...
Source - Place Projects
Brisbane is under construction. Anyone driving through the Valley, Newstead or South Brisbane can see that. The streets are lined with hoarding plastered with impossibly beautiful vistas of the CBD from across a computer-rendered infinity pool. Buyers want to know what Brisbane is going to look like in three years' time. How will the landscape of this city change as a result of the recent surge in apartment construction? We will di...
Source CoreLogic RP Data
Weekly rents increased in February 2016 but are unchanged over the year
CoreLogic RP Data analysis shows rents across the combined capitals rose by 0.3% in February 2016. Rental rates increased over the month in all capital cities except for Perth and Darwin.
Dwelling rental rates across the combined capital cities are recorded at $485 per week and they are unchanged over the past year. CoreLogic RP Data have been tracking annual rental changes since 19...
Source: CoreLogic RP Data
Across the country there were 47,483 unique new property listing over the 28 days ended 7 February 2016. The number of new property listings is 11.0% higher than at the same time last year. If we look back over recent years it is the highest number of new property listings at this time of year since 2010. If we look at the combined capital cities we have also seen a large ramp-up in new listings with 27,430 new listings which is 5.4% higher t...
Posted
on 11 February 2016
Source: CoreLogic
Home values
Combined capital city home values increased by 0.9% in January with values rising in Sydney, Melbourne, Hobart and Canberra, they were unchanged in Adelaide and fell elsewhere
Home values were -0.6% lower over the three months to January 2016 with Brisbane, Perth, Hobart and Canberra recording increases
Over the past 12 months, combined capital city home values have increased by 7.4% however, only Sydney (10.5%) and Mel...
Posted
on 9 February 2016
Source: CoreLogic RP Data
Summary
Quarterly movements
To end the 2015 calendar year, most regional markets, for houses, saw rents either rise or remain steady with the exception of Western Australia where rents were down -2.6% over the final three months of the year. On the other hand, regional unit market performance was much weaker, with rental rates in Queensland, Tasmania and Western Australia all lower in December 2015 relative to September 2015.
An...
Posted
on 9 February 2016
CoreLogic RP Data January 2016 Monthly Rental Review
by Mitch Koper
08 February 2016
Softest conditions on record for capital city rental markets no growth recorded over past 12 months.
Dwelling rental growth is now at its lowest level on record according to the January 2016 CoreLogic RP Data Rental Review released today. Currently the median rent rate is recorded at $443 across the combined capital cities.
Research analyst Cameron Kusher said, "CoreLogic has t...
Posted
on 8 February 2016
Source: Domain
Brisbane has completed an unprecedented year of new apartment development with high levels of activity set to continue through 2016.
Latest ABS data reports that in Brisbane 1388 apartments were approved for building in December 2015.
An astonishing 19,992 apartments were approved for building in 2015. This total was 7928 more than the 12,064 recorded the previous year a steep increase of 65.7 per cent. This result was clearly the best ...
Posted
on 3 February 2016
Source: Brisbane Times
Brisbane's house price growth ended the year on a high, while unit price growth slumped to a 15-year low, according to a new report by Domain.com.au.
Brisbane house prices bounced back over the December quarter with the median house price increasing by 1.5 per cent to reach $511,361 up on the 0.7 per cent recorded over the previous quarter and the highest result for the year, according to Domain Group's latest housing price report.
Domain Gr...
Posted
on 3 February 2016
Source: CoreLogic
The recent growth conditions have pushed the Melbourne market into first place for annual growth in dwelling values with an 11.0% rise compared with Sydney where values are 10.5% higher over the past twelve months.
According to the January 2016 CoreLogic RP Data Hedonic Home Value Index results released today, dwelling values across Australia's combined capital cities showed a 0.9 per cent rise in January after recording no change in December and a 1.5 p...
