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Capital city vacant land selling prices continue to rise as prices fall in regional Australia

The median selling price of vacant land continued to climb in capital city markets throughout 2016 while in regional areas prices have fallen.  The other big shift over the past 12 months has been the fairly significant increase in lot sizes after they have trended lower over many years. Throughout 2016, the median selling price […]

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Since 2008 only four capital cities have recorded real growth in home values

With the Australian Bureau of Statistics releasing the Consumer Price Index for the December 2016 quarter recently, using the CoreLogic Home Value Index we can adjust changes in dwelling values for the effects of inflation.  The value of looking at inflation-adjusted or ‘real’ home value changes is that it highlights whether housing values are moving […]

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Sharp fall in unit approvals in October likely marks the peak of the residential construction cycle

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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The differences between unit supply in Sydney compared with Melbourne and Brisbane

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 […]

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Real home values have continued to surge in Sydney and Melbourne

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 […]

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$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 […]

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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 […]

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Adding more tax to foreign housing investment

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 […]

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Unemployment rate holds at 5.7% in April 2016

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 […]

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Housing wants vs housing needs

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 […]

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