The Australian Bureau of Statistics October dwelling approvals data likely marks a significant turning point for unit supply, with the latest numbers showing unit approvals have plunged to their lowest levels in 2 years. The October data showed unit approvals have consistently trended lower since reaching a recent high point in July earlier this year. […]
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In the recently released Financial Stability Review (FSR) the Reserve Bank (RBA) talked about the supply risks surrounding the inner city apartment markets however, they did point to the fact that they see more potential risk in Melbourne and Brisbane. In this blog we explore the differences in pending apartment supply across the key capital […]
Earlier this week the Australian Bureau of Statistics (ABS) released consumer price index (CPI) data for the June 2016 quarter. The data showed that inflation rose by 0.4% over the quarter, however over the 12 months to June 2016, inflation has only increased by 1.0%, its lowest annual increase since June 1999. From a housing […]
$2 million dollar dwelling sales becoming more common as home values move into their fourth year of growth
With the national housing market having experienced more than four years of ongoing value rises, affordability in certain areas is deteriorating and sales that were once considered to be at the top end of the market are now becoming more common. With housing becoming more expensive, there has been a substantial rise in the number […]
The property price to income ratio is rising in Sydney, Melbourne and Canberra but flat or falling elsewhere
Utilising quarterly household income data from the Australian National University, CoreLogic has developed quarterly measurements of the ratio of property prices to annual household income. This data is extremely valuable when looking to measure housing affordability. The measure is available at a number of different geographies from SA2 regions (generally about the size of a […]
The state governments of New South Wales, Victoria and Queensland are all now charging additional tax on foreign investment in residential property. In New South Wales foreign buyers are being charged a 4% stamp duty surcharge from June 21. In Victoria, foreign buyers are charged a 7% tax and in Queensland foreign buyers are being […]
The Australian Bureau of Statistics (ABS) released labour force data for April 2016 earlier this week. The data is one of the key economic releases each month and obviously employment is an important factor for the housing market. Someone that is employed with a high level of job security, working as many hours as they […]
Earlier this week 4 Corners ran a detailed report on housing focusing largely on how unaffordable it is. The program focused very much on the fact that housing was expensive but nowhere in the report did they actually delve into the reasons why housing is so expensive. There were plenty of statements about how people […]
The Hobart housing market has been the nation’s weakest performing capital city housing market for more than a decade. There are now signs that the Hobart (and Tasmania’s) housing market may be in line for a steady improvement. Over the 12 months to March 2016, home values in Hobart have increased by 4.8% while over […]
Housing markets show different performances geographically as well as across product types and pricing points. Across the capital cities, a useful measure of capital gain across broad price points is our stratified hedonic index. The CoreLogic RP Data Stratified Hedonic Index looks at the movement in home values across three broad value based segments of […]
CoreLogic RP Data is Australia's #1 Property Information Provider. Our blog is maintained by CoreLogic RP Data’s research director, Tim Lawless and Cameron Kusher who is CoreLogic RP Data’s senior research analyst. We hope you find the information we post here useful and we welcome your comments and feedback.
Regards, The Team @ CoreLogic RP Data
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