Source:  CoreLogic   Home values Combined capital city home values increased by 0.9% in January with values rising in Sydney, Melbourne, Hobart and Canberra, they were unchanged in Adelaide and fell elsewhere Home values were -0.6% lower over the three months to January 2016 with Brisbane, Perth, Hobart and Canberra recording increases Over the past 12 months, combined capital city home values have increased by 7.4% however, only Sydney (10.5%) and Mel...

Source:  CoreLogic RP Data   Summary Quarterly movements To end the 2015 calendar year, most regional markets, for houses, saw rents either rise or remain steady with the exception of Western Australia where rents were down -2.6% over the final three months of the year.  On the other hand, regional unit market performance was much weaker, with rental rates in Queensland, Tasmania and Western Australia all lower in December 2015 relative to September 2015. An...

CoreLogic RP Data January 2016 Monthly Rental Review by Mitch Koper 08 February 2016

Softest conditions on record for capital city rental markets no growth recorded over past 12 months. Dwelling rental growth is now at its lowest level on record according to the January 2016 CoreLogic RP Data Rental Review released today. Currently the median rent rate is recorded at $443 across the combined capital cities.   Research analyst Cameron Kusher said, "CoreLogic has t...

Source:  Domain Brisbane has completed an unprecedented year of new apartment development with high levels of activity set to continue through 2016.  Latest ABS data reports that in Brisbane 1388 apartments were approved for building in December 2015.  An astonishing 19,992 apartments were approved for building in 2015.  This total was 7928 more than the 12,064 recorded the previous year a steep increase of 65.7 per cent.  This result was clearly the best ...

Source:  Brisbane Times Brisbane's house price growth ended the year on a high, while unit price growth slumped to a 15-year low, according to a new report by Domain.com.au. Brisbane house prices bounced back over the December quarter with the median house price increasing by 1.5 per cent to reach $511,361 up on the 0.7 per cent recorded over the previous quarter and the highest result for the year, according to Domain Group's latest housing price report. Domain Gr...

Source:  CoreLogic The recent growth conditions have pushed the Melbourne market into first place for annual growth in dwelling values with an 11.0% rise compared with Sydney where values are 10.5% higher over the past twelve months. According to the January 2016 CoreLogic RP Data Hedonic Home Value Index results released today, dwelling values across Australia's combined capital cities showed a 0.9 per cent rise in January after recording no change in December and a 1.5 p...

Source: Corelogic RP Data Across regional Queensland, rental rates remained steady for houses over the final quarter of 2015, at $350/week, while for units, a -2.9% decline was recorded, bringing the typical rental rate to $330/week.  Both the detached house and unit rental performance over the past year has underperformed when compared to the five year average for the region and interestingly, regional Queensland house rents are currently recording the same median price as they wer...

The latest stats are out for Brisbane's rental market. Residential Tenancies Authority records the rent when a new bond is lodged and each quarter we analyse the results to understand current and  emerging trends. Here's the numbers for the December quarter released mid-January 2016: Across Brisbane median weekly rent for a 2 bed apartment stayed at $400 in the December quarter - a similar price achieved in March 2014 Inner-city suburbs saw rents drop $5 to $490/w...

Source:  CoreLogic
After showing strong conditions through to September, the final quarter of 2015 ends with capital city dwelling values declining by 1.4%. According to the CoreLogic RP Data Home Value Index, dwelling values were absolutely flat across the combined capitals during December, with negative movements in Sydney, Adelaide and Canberra being offset by a rise in dwelling values across the remaining five capital cities. The Sydney housing market was the main drag on the De...

Source:  Corelogic RP Data Late last week the Australian Bureau of Statistics (ABS) released October data on overseas arrivals and departures.  The data is important because it highlights how the tourism market is going as well as providing up-to- date details of overseas migration.  According to the data there were 675,680 permanent and long-term settler arrivals to Australia over the year to October 2015 which is -5.5% lower over the year.  Annual permanent settle...