Following a slowdown at the end of 2022, new data from CoreLogic and PropTrack indicates a reacceleration of rental growth occurred during the first three months of the new year. According to CoreLogic’s Quarterly Rental Review for Q1 2022, national rents jumped 2.5 per cent in the three months preceding March. Similarly, PropTrack’s latest Market […]
Following an easing of the downturn at the beginning of the new year, Australia’s home values rose 0.6 per cent in March, according to CoreLogic. The research firm’s latest Home Value Index (HVI) covering March revealed Australian home values posted their first month-on-month rise (0.6 per cent) since April 2022, due to increases across the […]
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 harbourside city has outranked the likes of Auckland, Geneva and Monaco in a top 10 ranking of global cities that have notched the strongest prime real estate rental price growth on an annual basis. Knight Frank’s Prime Global Rental Index revealed that Sydney’s prestige market secured the 6th spot after recording a 6.7 per cent […]
Following last week’s activity rebound, CoreLogic is reporting a 7.1 per cent volume increase will occur across the country this coming week. The week ending 26 March 2023 will see 2,384 homes go under the hammer Australia-wide, up from 2,226 the week earlier, which reported a final clearance rate of 64.2 per cent. That was […]
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 […]
Rising rates are taking their toll, with home buyer sentiment falling to an “extreme low” while more consumers expect house prices to rise than fall, new data has shown. The Westpac-Melbourne Institute Consumer Sentiment Index revealed that for housing, the “time to buy a dwelling” index fell by 11.1 per cent in March to an […]
The Sydney market may have been falling, but that hasn’t stopped several Sydney suburbs from bucking the trend in a big way. The latest quarterly State of Sydney Report from Shore Financial has found that a number of suburbs have not only defied the downturn, but they’ve achieved double-digit growth over the past 12 months in doing so. For […]