Search Results for: cameron kusher
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National
High income households more likely to be over-indebted than lower income households: CoreLogic Property Pulse
High income households are less likely to be debt free and are more likely to be over-indebted than lower income households. This is the main insight from the 2015-16 household income and wealth survey conducted by the Australian Bureau of Statistics (ABS). The results, which includes household debt and over-indebtedness, considers a household to be over indebted if their debt…
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INDUSTRY NEWS
CoreLogic Property Pulse: Affordability deteriorating at affordable end of housing market
Over the 12 months to August 2017, the most affordable 25% of residential properties nationally recorded value growth of 2.9% compared to growth of 8.0% across the middle 50% of suburbs, and 11.4% growth across the 25% of most expensive suburbs. According to analyst Cameron Kusher, across all market segments the national annual rate of value change has started to…
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NEWS
Where are the most popular places to retire in Australia: CoreLogic
With only 2,904 residents, the small council area of Queenscliff on the Bellarine Peninsula in southern Victoria, recorded the highest proportion of retirees aged over 65 years (40.3%) according to the ABS data. The small council area of Quairading in Western Australia’s Wheat Belt region enjoyed the greatest house value growth over the year (+21.5%), followed by Shoalhaven in New…
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NEWS
CoreLogic Property Pulse 24 August: Housing turnover remains low
Housing turnover remains low despite strong selling conditions in Sydney and Melbourne, according to latest CoreLogic data. CoreLogic data confirms over the 12 months to May 2017 only 4.8 per cent of all houses nationally actually sold, highlighting just how little stock sells in a given 12-month period. Across house sales over the past 12 months, Tasmania recorded the highest…
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INDUSTRY NEWS
CoreLogic Property Pulse: housing stock under $400k declines
New research by CoreLogic shows properties in the $400,000 price bracket have declined. The research shows that across Australia, 31.2% of houses and 37.3% of units sold transacted for less than $400,000. By comparison, a year ago the proportions were recorded at 32.8% for houses and 38.6% for units. A decade ago, 62.4% of all house sales and 68.9% of…
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NEWS
CoreLogic Property Pulse and auctions 10 August 2017 – Million Dollar Sales at Record Levels
Research by analyst Cameron Kusher shows that the cost of housing has continued to rise in most parts of the country over the past 12 months. He said, “Bracket creep should come as no surprise in markets like Sydney and Melbourne, where dwelling values have increased by 77 per cent and 61 per cent respectively over the past five years.…
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INDUSTRY NEWS
CoreLogic Property Pulse and auctions 27 July 2017 – renting on the rise and homeownership declining
CoreLogic research analyst Cameron Kusher said analysis of recent Census results show the proportion of properties rented has been trending higher, increasing from 29.6% at the time of the 2011 Census and 27.2% at the time of the 2006 Census to reach 30.9% of all dwellings in 2016. “While the proportion of dwellings being rented is climbing, the proportion of…
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INDUSTRY NEWS
New listings higher than year ago while total listings lower: CoreLogic
The number of new listings is higher than a year ago but the total number of listings is lower, according to CoreLogic data. The number of properties advertised for sale is now showing substantial differences between regional and capital city markets, as well as between individual capital cities. Research analyst Cameron Kusher noted that comparing the capital city and national…
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NEWS
CoreLogic Property Pulse: How did the housing market perform over the financial year?
Research by CoreLogic has confirmed that over the past 20 financial years combined capital city dwelling values fell just twice. Over the last twelve months, CoreLogic found that combined capital city dwelling values increased by 9.6 per cent, which was actually greater than the 8.3 per cent rise over the 2015-16 financial year. According to research analyst Cameron Kusher, combined…
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NEWS
Core Logic Weekly Wrap – Census Data and Housing Supply
As our population continues to grow, so too does our need for more housing. The 2016 Census housing data shows an increase in housing stock between 2011 and 2016, and how the types of housing being built in capital cities have changed over those years. Despite being in the midst of a nationwide dwellings construction boom over recent years, the…
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INDUSTRY NEWS
CoreLogic weekly wrap up – NSW and Victoria remain most popular states for migration
Demographic data released this week from the Australian Bureau of Statistics (ABS) shows a rapid rate of population growth driven by migration. Overseas and interstate migration remained the key drivers for population growth, in turn driving housing demand, according to CoreLogic research analyst Cameron Kusher. “Whereas natural increase removes older people and adds younger people, interstate migration and overseas immigration…
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NEWS
Pain and Gain: The Best and Worst in the March Quarter
According to the CoreLogic Pain & Gain March 2017 quarter report, nine out of 10 people (90.4%) who re-sold a property during the March 2017 quarter earned themselves a profit. Report Highlights 9.6% of dwellings sold for less than their previous purchase price over the first quarter of 2017. Proportion of dwellings selling for less than the previous purchase price…
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NEWS
The Weekly Wrap: Auctions up but investor activity is dropping
Investor interest in the housing market has started to drop off, according to CoreLogic research analyst Cameron Kusher. Housing finance and credit data released earlier this month by the Australian Bureau of Statistics (ABS) and Reserve Bank (RBA) show there has been a decline in investor activity, with mortgage lenders rationing credit to the investor segment and the lifting of mortgage…
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NEWS
APRA Data shows easing of LVR Lending, CoreLogic
CoreLogic research analyst Cameron Kusher comments on data released by APRA earlier the week showing LVR lending is easing up with a further slowdown expected. Data released by the Australian Prudential Regulation Authority (APRA) earlier this week has shown that high loan to value ratio (LVR) lending continues to fall indicating new buyers are in many instances using larger deposits.…
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INDUSTRY NEWS
Tentative Signs of Pickup in Mining Regions
There haven’t been many glimmers of hope for property owners in once-booming mining towns lately but an analysis released by CoreLogic yesterday may contain the first hints of an improvement since the end of the commodity boom. In its latest Property Pulse report CoreLogic found evidence of an uptick in sales volumes across a number of hard-hit mining areas…
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INDUSTRY NEWS
Stock Levels Rise as Demand Slows
Following years of frenetic activity in Australia’s hottest real estate markets, more signs are emerging that buyers might be ready to take a breather after CoreLogic reported stock levels are now outstripping demand in some cities. Months of Supply figures are used to predict how long it should take to clear volumes of stock currently on the market and found…
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Elite Agent
Are Governments becoming too reliant on property tax revenue?
The growing reliance of state and local governments on fat property tax revenues generated by the eastern states’ property boom has prompted analysts at CoreLogic to issue a warning – it may be time to consider a more sustainable model. Research analyst Cameron Kusher said the latest ABS data showed property taxes now accounted for a record 52% of the total…
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NEWS
Australia’s fastest selling suburbs: CoreLogic
Low interest rates coupled with higher levels of demand for housing has seen property sales in some areas take off faster than in others. Today in the CoreLogic Property Pulse, we take a look at the 10 suburbs in each state with the shortest median selling time for houses and units over the 12 months to January 2017. CoreLogic research…
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INDUSTRY NEWS
Superannuation won’t help first time buyers get into the Sydney & Melbourne: CoreLogic
First-time home buyers expecting to use superannuation savings as a deposit for a property in either Sydney or Melbourne may find both cities way too pricey and would be still locked out from the housing market, CoreLogic research analyst Cameron Kusher has said. Broadcaster ABC recently crunched the numbers and showed that based on the average earnings for a 25…
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NEWS
Individuals claiming a net rental loss starting to flatline
The number of individuals claiming a net rental loss has flat-lined over recent years according to recent data by the ATO. CoreLogic research analyst Cameron Kusher provides commentary on the recent data. The Australian Tax Office (ATO) released their taxation statistics for the 2014-15 financial year last week, and from a housing market perspective it provides some really valuable data on…
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National
Household debts likely to stand in the way of rate hikes: Core Logic
CoreLogic Property Pulse research analyst Cameron Kusher has a strong inkling that the Reserve Bank of Australia (RBA) would not be increasing its interest rate in the short term due to record high levels of household debt filed by the Australian public. Kusher said RBA governor Philip Lowe suggested last week that if it weren’t for the strength of the…
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INDUSTRY NEWS
Where do properties sell fastest in Australia, CoreLogic Property Pulse
Melbourne properties sell the fastest of any capital city according to CoreLogic’s latest Property Pulse Market Update report. Melbourne dwellings took an average of 35 days to sell in December 2015 with the figure falling to an historic low of 29 days at the end of 2016 while the typical Sydney dwelling sold after an average of 33 days in…
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Elite Agent
Regional Australia seeing good growth for the first time in years, CoreLogic
According to CoreLogic’s June regional report, Australia’s regional areas have now come into the spotlight as value growth increases and capital city markets become less affordable. Released this week, the CoreLogic Regional Market Report provides analysis on the performance of Australia’s largest council areas for: NSW: Newcastle & Lake Macquarie, Illawarra, Richmond-Tweed; VIC: Geelong, Latrobe-Gippsland; QLD: Gold Coast, Sunshine Coast, Townsville…
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EPM
CoreLogic: July Rent Review
Rental rates showed no signs of lifting over July, according to the CoreLogic July Rent Index. Rental rates fell by -0.3% over the month to be -0.6% lower over the 12 months to July 2016. According to CoreLogic research analyst Cameron Kusher, rental rates continue to ease as supply ramps up. In July, rental rates dropped in all cities except…
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Elite Agent
CoreLogic: August 2016 Market Outlook
Eager to find out what August might have in store for the property markets? Cameron Kusher, Analyst at CoreLogic Research, has looked into his crystal ball. Value growth predictions Value growth has slowed on the whole over recent months, but the two largest and most expensive cities, Sydney and Melbourne, have continued to record relatively rapid rates of value growth.…
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EPM
Annual rental growth lowest on record, Core Logic
2015 was a lacklustre year for rental growth in Australia with rents increasing by just 0.3% in 2015; not exactly the news investors are looking to read about but good news for those looking to rent according to CoreLogic RP Data research analyst Cameron Kusher. “We’ve never seen rental growth as sluggish as it is at the moment. Furthermore, we’re expecting to see more of…
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