Aussies go into overdrive

Posted on 9 February 2022
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...

Australia's rents continue to climb, despite affordability constraints

Posted on 7 February 2022
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...

January results surprise to the upside, as Sydney and Melbourne growth rates stabilise

Posted on 7 February 2022
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.


Interstate buyers push Brisbane house prices to steepest rise in18 years

Posted on 2 February 2022
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...

Brisbane Median Property Price - December 2021 QoQ Change

Posted on 2 February 2022
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...

No Relief for Queensland's Excessively Tight Rental Market

Posted on 2 February 2022
Source: REIQ Queensland is experiencing record low vacancy rates with most regions remaining much tighter than what the Real Estate Institute of Queensland (REIQ) classifies as “healthy” (2.6 to 3.5%) during 2021. The REIQ’s Residential Vacancy Report released today, revealed that vacancy rates got as tight as a mere 0.1 per cent in Maryborough in 2021, hovering just above zero in a record low across the history of the report. In the neighbouring region of Hervey Bay, vac...

Peak, peaking, peaked - how to read Australia's housing market

Posted on 18 January 2022
Source:  CoreLogic Australian housing values grew 22.1% last year and the market is showing signs this extraordinary rate of growth – not seen since the 1980s – is slowing across most of the capital cities. Yet as the rate of dwelling value appreciation slows, capital city and broad ‘rest of state’ markets are yet to peak, causing plenty of speculation about whether this will occur in 2022 and mark the start of a downturn.  CoreLogic’s Research Direc...

Market Value: An Established Basis of Value

Posted on 14 December 2021
Source: IVSC - Perspectives Paper The IVSC has issued this Perspectives Paper in a series designed to initiate discussion and debate on the topic of market value. IVS (Effective 31st January 2022) Cost(s) (noun): The consideration or expenditure required to acquire or create an Asset. Price: The monetary or other consideration asked, offered or paid for an Asset, which may be different from the Value. Value (noun): The opinion resulting from a valuation process that is compliant with IVS...

PEXA's Monthly Settlement & Mortgage Insights

Posted on 14 December 2021
Source: PEXA Insights This month's highlights: Both NSW & VIC bounced back after 4-months of declining sale settlements, recording growth of 15.4% and 7.9% respectively The QLD market continued to charge ahead, with sale settlements up 13.7% for the month, recording a new high Refinances continued to trend significantly above levels seen in 2020, across the country Monthly Settlement Insights - QLD - December 2021 Highlights: Sale settlements Sale settlements in Nov-21 were...

Housing boom will peak and slow in 2022

Posted on 30 November 2021
Source:  Australian Property Journal THE growth rate for capital city dwelling prices across the country are set to peak in the first half of 2022 before steadying thanks to stricter lending regulations. According to SQM Research’s Christopher’s Housing Boom and Bust Report 2022, rising prices are anticipated to slow and even begin to decline, with further intervention from the Australian Prudential Regulatory Authority (APRA) expected in the new year. “As 2021 draws...

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