RESIDENTIAL PROPERTY
AUSTRALIA’S housing upswing has continued into the new year as national dwelling values bump up another 0.4% over January...
According to CoreLogic’s national Home Value Index (HVI), dwelling value growth continued to build from the 0.3% increases seen over November and...
Australia’s housing market performance is still diverse with three of the capitals recording a slightly decline and three still growing at a rate of 1% or more...
While Perth was up 1.6%, Adelaide up 1.1% and Brisbane up 1.0%, with Sydney and Darwin recording more moderate increases of 0.2% and 0.3% respectively...
“Perth home values rose a further 1.6% in January, on par with the city’s growth trend in November and December and only slightly lower than the recent high of 1.8% recorded in...
“The western capital continues to see housing demand outweigh supply, helping to push values 16.7% higher over the past 12 months. Despite that, housing prices remain...
The gap between the median capital city house and unit values has continued to rise, reaching a record high of 45.2% in January, as house values outpace units...
Across the combined capitals, house values were up by 0.5% for the month adding around $4,800 to the median house value while units were up 0.1% or a $900 increase...
“Since the commencement of the upswing, capital city house values have surged 11.0% higher while unit values are up 6.9%,” added Lawless...
Regional markets are back to recording a stronger trend in value growth than the capital cities, with the combined regional index up by 1.2% over the quarter compared to...
“While both the combined capitals and combined regional markets are losing momentum in the pace of value growth, the capital city trend has slowed more sharply, mostly due to...
“Across the other states, regional WA, SA and Queensland continue to record a slower pace of growth relative to their capital city counterparts; these are also the...
Even with ongoing price rises, home sales are sitting just above the average for the past three month, with around 115,241 dwellings sold or 11.9% higher than the same period...
“Despite ongoing cost of living pressures, high interest rates, low consumer sentiment and affordability constraints, homes are still selling...
“Housing demand has been buoyed by high migration, but also tight rental markets that have probably incentivised renters to transition towards home ownership if they can afford to...