Just 9.1 per cent of Australian suburbs are presenting better value for home owners than renters, the latest CoreLogic analysis reveals. CoreLogic has blamed the shift on the record number of rate hikes managing to outpace skyrocketing rents. Comparing this year’s analysis to the crunching of numbers done at the same time in 2022, it’s […]
The Palaszczuk government says it wants to give the state’s renters “a fair go”, releasing its plans to stabilise rental prices across Queensland. Unveiled at a Housing Roundtable in Brisbane on 28 March 2023, the Queensland state government said by limiting rent increases to once every 12 months, it will “balance the rights and interests […]
With a lot less hassle and higher returns, many landlords would be better off putting their money into super instead of housing, a new report claims. The paper, a collaboration between property settlement proptech PEXA and LongView, a property management, advisory and funds management firm, slammed Australia’s “broken system” of private renting for causing distress […]
Compromising on property type, location, or becoming ‘rentvestors’ will become more prevalent for first home buyers as affordability and serviceability deteriorate, according to Domain. While the time needed to save for a deposit may have reduced recently, first home buyers (FHBs) are still hamstrung by mortgage serviceability and affordability issues when it comes to getting onto the […]
he time taken for a couple to save for a 20 per cent deposit on a house has fallen to under five years, on average, according to Domain’s First Home Buyer Report. With property prices having fallen amid a higher interest rate environment, the time taken for a first home buyer (FHB) couple to save for […]
As the nation approaches the three-year anniversary of the first COVID-19-induced lockdown, CoreLogic analyses the data and poses the question: has the market returned to normal? When COVID-19 first invaded Australian shores nearly three years ago, many uncertainties raged across all facets of life, including within the property industry, with some positing national home values […]
AMP’s chief economist Shane Oliver has forecast that prices will fall further this year, stating the current stabilisation is likely just a ‘blip’. Speaking at AMP Bank’s Market Insights hybrid event and webinar on Tuesday (14 March), the group’s chief economist Shane Oliver outlined to delegates that he believed property prices would continue a downward […]
An industry heavyweight has suggested the Reserve Bank of Australia’s (RBA) latest cash rate call, combined with low stock levels, could incite increased market action. LJ Hooker Group’s head of research, Mathew Tiller, believes decreased listings volumes — down 15 per cent on 12 months ago — according to CoreLogic, combined with the RBA’s highly […]
Continued cash rate rises will impact mortgagor emotions even further, ANZ-Roy Morgan data has revealed. The mortgagor cohort now leads those renting and those owning in terms of current ‘low confidence’, latest ANZ and Roy Morgan research has uncovered. Worse still, they are experiencing stress levels not seen in more than a decade, the research […]
While regional property prices saw huge gains during the pandemic, the country’s most popular regional markets are plunging, CoreLogic data reveals. Australia’s “COVID-induced whirlwind love affair” with the country’s hottest regional cities may have run its course, according to the latest CoreLogic data. CoreLogic’s Regional Market Update, which examines Australia’s 25 largest non-capital city regions, […]