Tim Lawless

Tim Lawless

Tim Lawless is the Research Director at CoreLogic Asia Pacific. Tim has been in the Australian housing market industry for more than 20 years with a focus on research.
  • OPINION

    Tim Lawless: know your market and understand the stats

    Australian consumers have grown to be exceptionally savvy when it comes to researching the property market. Not a day goes by when there isn’t an article in the local paper reporting some aspect of the property market, and information providers like CoreLogic make researching the local marketplace much easier for the average buyer, seller or investor. …

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  • INDUSTRY NEWS

    CoreLogic Quarterly Economic Report Update – April 2018

    Value of Residential Property: $7.5 trillion Value of Australian Superannuation: $2.5 trillion Value of Listed Equities: $1.9 trillion Value of Commercial Real Estate: $0.972 trillion Nationally, dwelling value growth has stopped in its tracks, in fact, over the first quarter of this year, national dwelling values have fallen by -0.5%. Although the quarterly rate of decline has slowed compared to recent months, …

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  • NEWS

    Values Increasing Faster than Outstanding Debt: Tim Lawless

    The number of properties mortgaged is climbing, however, values are increasing faster than outstanding debt, says CoreLogic’s Tim Lawless. Last week, the Australian Bureau of Statistics (ABS) released its residential property prices indexes for the March 2017 quarter. A valuable data set from the release relates to the value of dwelling stock and the number of residential dwellings. Both of which have increased over the quarter. …

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  • NEWS

    Stamp Duty changes to affect buyer demand: Tim Lawless

    The decision last week by the News South Wales Government Premier Gladys Berejiklian to provide first home buyers with a stamp duty exemption for properties with a price tag under $650,000 is likely to boost demand for this under-represented segment of the market, according to Tim Lawless. Based on recent Australian Bureau of Statistics (ABS) data, first home buyers comprised only 8% of owner-occupier mortgage commitments in March 2017, …

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  • NEWS

    Overview of budget implications for housing and housing affordability: Tim Lawless

    With so much debate about housing affordability it was always going to be the case that the 2017 budget included key policies aimed at improving the affordability of housing and addressing some of the systemic issues that have pushed housing prices out of reach for many Australians. At face value, the budget measures present a good attempt at improving housing supply while softening some of the incentives stoking housing demand. …

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  • INDUSTRY NEWS

    CoreLogic December 2016 Property Outlook: Tim Lawless

    CoreLogic have released their property market outlook for December 2016 which includes valuable market insights from Head of Research Asia Pacific, Tim Lawless on the current trend of investment activity, growth values, affordability and interest rates heading into 2017. CAPITAL CITY PROPERTY VALUES UP BUT SLOWING Capital city property values increased by 0.2 per cent in November, according to the latest CoreLogic home value index. …

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  • INDUSTRY NEWS

    December 2016 RBA decision: Tim Lawless, Core Logic

    In response to the RBA’s decision to keep interest rates on hold, Tim Lawless, CoreLogic’s Head of Research, provides his expert commentary on the decision and what may lay ahead when they meet in February. Despite inflation tracking well below the target range of 2-3%, the RBA decided to keep the cash rate on hold at 1.5% today. “On one hand the RBA was likely considering the sluggish inflation numbers, …

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  • NEWS

    Property Pulse – Market Update, CoreLogic week ended 24 November 2016

    CoreLogic released its weekly property pulse, this week including some interesting insights on ABS data released last week relating to employment, household incomes and construction. Employment Late last week the Australian Bureau of Statistics (ABS) released labour force data for October 2016. While the headline unemployment rate of 5.6% was steady over the month at its lowest level since February 2013, …

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  • Elite Agent

    Trump: There is Nothing Certain But the Uncertain, says Tim Lawless

    A new leader of the world’s largest superpower will always be accompanied by uncertainty, however the election of Donald Trump highlights (in the words of another Donald (Rumsfeld)) that “unknown unknowns” have been amplified. This means uncertainty. Trump is untested, unproven, and if the election campaign is anything to go by, spontaneous. While Trump’s acceptance speech seems to have calmed the markets, …

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  • INDUSTRY NEWS

    Investor housing demand rises as owner occupier fades, CoreLogic Research

    Housing finance data for August 2016 was recently released by the Australian Bureau of Statistics (ABS). Over the month there was $31.4 billion worth of housing finance commitments which was -1.0% lower over the month and -5.1% lower than it was at its peak in April 2015. The $31.4 billion worth of commitments in August was split between $19.5 billion worth of commitments by owner occupiers and $11.9 billion in commitments to investors.  …

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  • Elite Agent

    Market Update 29 May 2014

    The Australian Prudential Regulation Authority (APRA) released information earlier this week on the exposure of Australian Authorised Deposit-taking Institutions (ADIs) to property at the end of March 2013. You can read a lot more about it on the RP Data Research Blog however, the key findings were: $1.2 trillion worth of residential loans outstanding to Australian households 35.4% of outstanding loans had an offset facility and 35.4% were interest-only mortgages The average outstanding balance of these loans was $235,000, …

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  • Elite Agent

    RP Data Market Update 3 April 2014

    The RP Data-Rismark Home Value Index results for March 2014 were released earlier this week. The results showed that over the month, capital city home values rose by 2.3% with values rising across each capital city. Over the first quarter of the year, home values were 3.5% higher and year-on-year, values were 10.6% higher. Although home values across the combined capital cities are rising, …

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  • Elite Agent

    Market Update 28 March

    The Reserve Bank (RBA) released its bi-annual Financial Stability Review this week. The document always makes for good reading and provides valuable insight into the financial system. This release had 5.5 pages dedicated to the household sector which was largely focussed specifically on housing. Some of the key points to note from the Review follow: The non-performing share of banks’ domestic housing loan portfolios edged lower over the six months to December 2013, …

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  • Elite Agent

    RP Data Market Update 14 Feb

    Housing finance data for December 2013 was released earlier this week by the Australian Bureau of Statistics (ABS). The number of owner occupier housing finance commitments fell by -1.9% over the month however, year-on-year commitments are 14.1% higher.Owner occupier finance commitments consist of refinances and non-refinances (or new loans), refinances were -3.7% lower over the month but 12.5% higher year-on-year. New loans were -1.0% lower over the month but 14.8% higher year-on-year. …

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  • Elite Agent

    RP Data Market Update 5 Feb

    The Australian Bureau of Statistics (ABS) released building approvals data for December 2013 earlier this week. There is a lot more analysis of the data in the main Property Pulse article this week however a quick summary of the statistics is provided below. The number of dwelling approvals fell by -2.9% in December 2013 with private sector house approvals falling -3.4% and private sector unit approvals -1.2%. …

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  • Elite Agent

    Market Value

    Tim Lawless from RP Data answers your questions on property valuation. What is the difference between value and price? A value is an individual assessment of the price at which a home is likely to sell, whereas the price is an actual figure at which a property has transacted. The reason why a value is more accurate at an individual property level than a median selling price is because the median selling price is a snapshot of just those properties which have sold over the period (typically 12 months). …

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  • Elite Agent

    Market Update with Tim Lawless of RPData.com

    2012 is likely to be characterised by continued growth in Sydney, Brisbane, and Perth, says Tim Lawless, but do not expect too many changes from the market conditions that we have experienced this year. What is your outlook for the Australian property market as we head into 2012? I believe that 2012 is likely to be a fairly similar for the residential property market as 2011. …

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  • Elite Agent

    Facts and Figures

    This month, we asked Tim Lawless to give us the lowdown on some of RP Data’s prospecting and marketing tools, talking us through how to integrate some of these into your social media strategy. Convincing vendors and buyers of our market opinions and appraisals is often difficult. What help is available in this area? Sometimes comparables sales and historical evidence are just not enough to describe the true market conditions.This is where an AVM (Automated Valuation Model) can become a helpful document that you can use to educate your client about market value and realistic pricing. …

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  • Elite Agent

    The Road Ahead

    Over the year ending March 2011, RP Data estimates there were just 389,320 house and unit sales, 18% below the five year average. Looking forward, we do expect sales volumes to slowly improve during 2011. Interest rates look as though they are stabilising, the job market remains tight, wages are increasing, and business conditions are showing improvements. In today’s property market, …

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  • Elite Agent

    The Crystal Ball Outlook

    Every agent wants to have the inside information. Here Tim Lawless from RP Data puts his neck-on-the-line and predicts the future. Every agent wants to have the inside information. Here Tim Lawless from RP Data puts his neck-on-the-line and predicts the future. Q. What do you think will be the major influences on the national residential property market in 2011? A. …

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  • Elite Agent

    DATA: Home and Away

    We would all love to have a crystal ball that predicts where and when the market is set to boom. Data analysis is the best crystal ball we’ve got – and Tim Lawless looks into it to answer questions from real estate agents. In keeping with this issue’s global theme he begins with a glance overseas. The uncertain global economic outlook together with higher interest rates and the federal election has dampened property markets around the country. …

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  • Elite Agent

    The Big Picture

    With election campaigns occupying the media, it’s little wonder that real estate agents are asking how proposed taxes and Government initiatives could shape this industry. Tim Lawless draws on data to answer these questions from proactive agents. Which cities do you expect to skyrocket (in terms of house prices) over the next 12 to 18 months? It’s doubtful we will see any cities with sky rocketing value growth. …

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  • Elite Agent

    Get Hooked on Data

    Don’t let property data baffle you. If you don’t understand data collection or interpretation, the best thing to do is ask an expert. Tim Lawless, RP Data National Research Director, answers agents’ questions. As it takes two to three months for each Valuer General to release the recent sales around Australia, how is it that RP Data can get hold of this information much sooner? …

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  • Elite Agent

    Research Q&A

    Most agents have access to property data but how many actually know how to use it in sales situations? Office resources are short in these tough times, so it’s wise to make sure you’re using all the features of your property data service. Tim Lawless, National Research Director at rpdata.com , answers agents’ questions. Developers are now becoming a bigger part of my client base and I am often asked to find sites within a land area range. …

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  • Elite Agent

    Research Q&A

    Are you in a data daze? If you’re suffering analysis paralysis or even just puzzled by statistics, some clarity from a data expert may be just what the doctor ordered. Tim Lawless, RP Data National Research Director, answers agents’ questions. What is the outlook for property transactions – are we oversupplied? Or undersupplied ? In August last year the number of residential property transactions bottomed out at about 31,000 sales – a level not seen since 1997. …

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  • Elite Agent

    Property Data Adds Up

    You don’t need a degree in maths to be able to use statistics effectively. Luckily, the experts have done the hard work for us but it’s helpful to have an understanding of how you can make data work for you. Tim Lawless, RP Data National Research Director, answers agents’ questions. How can I get a true understanding of my market? I’m keen to know where the listings are growing, …

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