RESIDENTIAL PROPERTY
NATIONAL home values were up a further 0.9% in October and look likely to reach a new record high by mid-November, despite a slowing rate of growth...
CoreLogic’s national Home Value Index (HVI) was up 0.9% after a revised 0.7% increase in September, reflecting a rise of 7.6% in the HVI since the low of...
“The latest figures on mortgage stress show that rising interest rates are causing a large increase in the number of mortgage holders considered ‘At Risk’ and...
Housing values continue to rise across most capital cities, even with the slowdown in the quarterly pace of growth, with the three months ending June 2023 seeing a...
“The slower rate of appreciation can probably be attributed to a combination of higher advertised stock levels alongside stretched affordability,”...
“With an acceleration in the flow of new listings coming onto the market, it’s unlikely buyer demand will be able to keep pace as we move through spring amid high interest rates and...
For the month ending 31 October, dwelling values were up in each capital city, excluding Darwin which saw a fall of 0.1% for the month...
Perth, Brisbane and Adelaide continued to lead the capitals in value increases at 1.6%, 1.4% and 1.3% respectively...
Brisbane housing values posted a nominal recovery in October, offsetting the previous 8.9% decline in in values to reach a new record high...
Sydney is still sitting 2.2% below its January 2022 peak, with Melbourne down 3.7% on its March 2022 peak and Hobart down by the most significant margin...
“Despite the slower pace of growth, every rest of state region recorded a rise in home values over the month, except Regional Tasmania where values were flat,”...
Regional Victoria housing values are sitting nearly flat, having dropped by 0.2% over the rolling quarter, and remaining 7.2% below the May 2022 peak...
“New listings are trending up and are likely to be boosted by increased listings from distressed sellers, including investors with rental yields falling further below mortgage rates...
“Mortgage interest payments as a share of household income are rising to record levels and scheduled payments are already at a record according to the RBA.”...
“Total capital city stock on the market has increased by 5.1% since the start of spring, a clear indication that buyer demand isn’t keeping pace with the flow of new listings,”...
“The rebound in prices reflects a far worse than expected shortfall of supply relative to underlying demand for homes as immigration rebounded driving the fastest population growth...
While nationally, rental listings were are down 35.5% on the previous five-year average over the four weeks ending 29 October and down 16.1% compared to...
Though supply is still extremely tight, the pace of rental growth is slowing and has broadly become more varied across markets...
“Despite a significant rise in rents over the past few years, taking into account the high cost of debt, along with higher maintenance and holding costs...