Source:  CoreLogic Property market performance across Australia’s east coast, particularly South East Queensland and Northern New South Wales over the past year, could be summarised as having leading price growth, increased auction activity, and favourable internal migration trends. However, the end of February was a sobering reminder of the impact of extreme weather events and climate change. 

Numerous enquiries from the industry and media have reached CoreLogic regard...

Source:  Toowoomba Chronicle Toowoomba's rental crisis could push the cost of rent up by more than $5000 this year as the Garden City records the second lowest volume of vacant properties in 17 years. With a population of 171,000 housed in 66,000 dwellings, an estimated 22,000 of those make up Toowoomba’s total rental pool, according to property research firm Propertyology. Analysis of the city’s rental market has found just 81 dwellings are currently being advertised ...

Source: Australian Property Journal The numbers are in on the accelerated escape from the city trend, with quarterly migration from capital cities to regional areas over the past two years up 15% on the two years prior to the global pandemic. According to the latest Regional Movers Index, produced in partnership by the Commonwealth Bank and the Regional Australia Institute (RAI), the December quarter index showed net migration to the country’s regions is more than double what it was i...

Source:  Realestate.com.au Brisbane has hit its tightest residential vacancy rate in 16 years, sitting at 1.1 per cent with just 3,878 homes available for rent, which experts warn will see rent spike. Brisbane’s fall from December’s 1.3 per cent vacancy rate meant there were about 1,000 fewer rentals available in January, with the figure also a 0.6 percentage point drop from the same time last year – amounting to 2,000 fewer vacancies. SQM Research managing director ...

Source:  Realestate.com.au Buyers have hit the 2022 property market with a running start according to new data from REA Group. In January, purchaser activity reached an highest and more house hunters searched in the $1 million plus price bracket than ever before. But despite the year beginning with a bang, this year’s housing market isn’t expected to match the unparalleled year that was. REA Group’s PropTrack Housing Market Indicators Report for February s...

Source:  Australian Property Journal AUSTRALIANS spent more than $688 billion on property over 2021, jumping a huge 57% from the first year of the global pandemic. According to PEXA’s Property and Mortgage Insights (PMI), the national aggregate value of property sale settlements was up by over half of the previous year’s total, with a 32% bump to annual growth for property sale settlement volumes. “In what has been a challenging time for many Australians amidst lockd...

Source: CoreLogic Capital cities, regional areas, houses and units all saw an increase in rents last quarter, culminating in the highest calendar year growth rate since 2007. 

CoreLogic’s quarterly Rental Review shows the national rental index increased 1.9% during the December quarter, a repeat of the figures recorded in the September quarter. 

Despite quarterly growth rates easing since peaking in March at 3.2%, the national index recorded its highest annual growth r...

Source: CoreLogic CoreLogic’s national measure of housing values rose by 1.1% in January, up 10 basis points from the December result, when the national index was up 1.0%. Five of the eight capital cities recorded a modest uptick in the monthly rate of growth, including Melbourne, which had posted a slight decline in values in the previous month. However, the quarterly change continued to soften, reflecting the longer-term trend of slowing growth across most regions of Australia.

Core...

Source:  Domain Brisbane house prices have hit a record median high of $792,065, following one of the biggest quarterly price hikes in two decades. Figures from Domain's latest House Price Report reveal house prices in the Sunshine State capital jumped 10.7 per cent over the three months to December – the steepest hike clocked across the city in almost 18 years. It was also the second largest price leap across the country for the quarter, with only Canberra surpassing Brisba...

Source: Domain House and unit prices are at new record highs House prices reached a new record high at $792,065, after leaping 10.7 per cent over the quarter and 25.7 per cent annually, the steepest increase in almost 18 years. For the first time since mid-2016 unit prices are at a new record high of $416,033, after rising 2 per cent over the quarter and 3.5 per cent annually. House prices have risen seven times faster than units over the past year. This is the largest divergence on rec...