Source: CoreLogic
The 10% speed limit on investor housing credit growth has been the focus of much attention since the policy change was announced by APRA in December last year. The 10% speed limit on investor housing credit growth has been the focus of much attention since the policy change was announced by APRA in December last year.  Since this time the pace of credit growth for investment purposes has failed to fall below the APRA benchmark, however recently there have ...

Following ongoing increases in the annual rate of growth since March 2013, investor housing credit has fallen in July, does this mark the start of the much vaunted slowdown in investor credit growth? Since the Australian Prudential Regulation Authority (APRA) wrote to Australian authorised deposit-taking institutions last year spelling out sound mortgage lending guidelines, there has been lots of attention on the pace of lending for residential housing investment. The guidelines highli...

Capital City No of New Dwellings 12 mth Change (%) No of Total Listings 12 mth Change (%) Sydney 7,929 16.6% 18,793 -1.5% Melbourne 8,230 11.5% 27,808 -6.5% Brisbane 3,835 4.5% 17,659 -1.7% Combined Capitals 25,178 7.0% ...

NAB Residential Property Index weighed down by slowing rents. Eastern states out-performing, with NSW and Victoria expected to lead price and rental growth over the next 1-2 years. Foreign buyers less active in new property markets, but despite tougher restrictions on foreign investment, increase their presence in established markets, especially in Victoria. For the first time the Survey also distinguishes between foreign buyers in apartment and housing markets. The NAB Residential Pro...

According to analysis from CoreLogic RP Data, rental rates across the combined capital cities fell by -0.3% in July 2015 and the annual rate of growth continues to slow, reaching a new record low of 0.9%. Across the combined capital cities, dwelling rental rates have fallen by -0.3% over the month, are up by 0.3% over the first seven months of the year and have increased by just 0.9% over the past 12 months. The 0.9% annual rise in capital city rents is the slowest ...

According to analysis from CoreLogic RP Data, rental rates across the combined capital cities fell by -0.2% in June 2015 and the annual rate of growth continues to slow reaching new record lows. Across the combined capital cities, rental rates are recorded at $487 per week and they have fallen by -0.2% over the month, are unchanged over the past three months and have increased by 1.1% over the past 12 months. The 1.1% annual rise in capital city rents is the slowest...

Monthly rental analysis from CoreLogic RP Data shows that rental rates across the combined capital cities fell by -0.2% in June 2015 and the annual rate of growth continues to slow reaching new record lows. Across the combined capital cities: Rental rates are recorded at $487 per week and they have fallen by -0.2% over the month, are unchanged over the past three months and have increased by 1.1% over the past 12 months. The 1.1% annual rise in capital city rents is the slow...

CoreLogic RP Data released results for capital city housing market performance to the end of the financial year this week.  The indices showed that capital city dwelling values were 9.8% higher over the financial year, ranging from a 16.2% gain in Sydney through to a 2.9% decline in Darwin.   Private sector credit data for May 2015 was released by the Reserve Bank (RBA) recently The data showed that over the month credit rose by 0.5% and over the year it has increased by 6.2...

Housing values rebound higher in June taking dwelling values across the combined capital cities almost 10% higher over the financial year. Based on the CoreLogic RP Data June home value results capital city dwelling values finished the 2014/15 financial year on a strong footing, with dwelling values rising 2.0 per cent over the June quarter and 9.8 per cent higher over the year. The rate of capital gain was slightly higher over the second half of the year (5.1 per cent) compared with th...

The Australian Bureau of Statistics (ABS) released demographic data for the December 2014 quarter yesterday.  The data highlighted a continuing slowdown in the rate of national population growth, with the quarterly increase now lower than slump in population growth recorded during the GFC.  In particular the mining states and territories are recording the biggest slowdown in population growth fueled by a slowdown in both interstate and overseas migration. The data showed that...