RESIDENTIAL PROPERTY
AUSTRALIA’S housing market upswing has become more widespread and house values are rising in more than 80% of Australian house and unit markets...
CoreLogic’s interactive Mapping the Market Report shows 82.4% of the 4,506 house and unit suburbs analysed nationally saw values rise in the three months to October...
CoreLogic head of research Eliza Owen said this broadly reflects continued growth in the Australian housing market – with CoreLogic expecting house prices to...
“It’s often noted that Australia is not ‘one housing market’ and we’re currently seeing increased diversity in capital city market performance,”...
“That’s reflected in city-wide growth rates, the various levels of supply that’s available in some cities over others, and it’s reflected in the different suburbs we analyse in...
Each of Brisbane’s 162 unit markets analysed saw values rise in the past three months, while of its 305 house markets, only four saw a decline – the higher-end suburbs of...
In Adelaide, only 3% of house markets saw a decline in the quarter, but there a notable 13.4% of unit markets were in decline...
In Perth, Mount Hawthorn was the only suburb where house values fell, and 98.1% of the house and unit markets across the city rose in value, while 96.3% of suburb...
Major capitals running at mid-speed
Sydney and Melbourne are running at mid-speed, where city-wide capital growth was 2.5% and 1.2% respectively in the past three months.
“The pace of growth across both markets has slowed from the middle of the year, when the June rate-hike surprised financial markets and many economists’ predictions,”...
Growth in Sydney markets is strongest across relatively expensive house markets, with Five Dock houses topping the three-month capital growth ranking,...
Hobart home values lifted 0.3% higher in the past three months, but capital growth trends have been shaky, Owen said, and total listings are trending around 47% higher than...
The city has seen value falls recorded in three of the past six months, led by a 3.2% fall in the relatively expensive market of Sandford...
Canberra has also seen relatively flat capital growth trends, and particular weakness in the unit market – 32 of 39 unit markets analysed in the nation’s capital saw a quarterly decline...
Conditions are equally diverse across the regional markets. Regional Queensland has the strongest house market and regional SA the best-performing unit market.