Search Results for: tim lawless
-
INDUSTRY NEWS
Experts weigh in on the Reserve Bank of Australia’s rate-hold
On Tuesday afternoon, the Reserve Bank of Australia (RBA) announced the official cash rate was on hold, to mixed reactions. Economists and industry leaders have weighed in on the RBA’s announcements on social media, with many using Twitter to share their opinions. Economist and Monash University lecturer, Dr Isaac (Zac) Gross says the under-covered aspect of the RBA is the…
Read More » -
NEWS
Australian residential property values rise by 2.2 per cent in May
Housing markets continued to surge throughout Australia in May, with CoreLogic's national Home Value Index rising by 2.2 per cent over the month.
Read More » -
NEWS
Regional housing market growth continues to outpace capital cities
Property value growth in Australia's regional housing market has far outpaced capital cities over the past 12 months, rising 13 per cent compared with a 6.4 per cent gain in capital city values.
Read More » -
NEWS
Australia’s residential construction costs rose less than one per cent in March quarter
Construction costs increased by less than 1 per cent in the first three months of 2021, according to CoreLogic’s first Cordell Housing Index Price (CHIP) for the year.
Read More » -
NEWS
Australian housing values continued to grow in April
Housing values rose by 1.8 per cent in Australia in April, with monthly capital gains easing from a 32-year high in March, according to CoreLogic’s national home value index.
Read More » -
NEWS
CoreLogic national home value index rises at fastest rate in more than 30 years
CoreLogic’s national home value index rose by 2.8 per cent in March, the fastest rate of appreciation in more than 30 years.
Read More » -
NEWS
Melbourne’s property values reach new record high
Melbourne’s property values have reached a new record high, with figures showing prices have now surpassed their previous peak.
Read More » -
NEWS
Sydney property values reach new record high
Sydney property prices have hit a new record high, with CoreLogic reporting today that values have recovered to exceed their earlier 2017 peak.
Read More » -
Elite Agent
Inner City Blues – What’s going on with rentals?
While things are looking a little brighter in 2021 there are still many hurdles to overcome. Kylie Dulhunty spoke to property managers about their experiences and sought their tips to help you move stock quickly. Property managers in inner Sydney and Melbourne could face further challenges this year, with falling unit rents and higher than normal vacancy rates continuing to…
Read More » -
Elite Agent
Australian home values rise at fastest rate in 17 years
CoreLogic’s national home value index for February showed prices rose across each of the capital city and rest-of-state regions in February, demonstrating the breadth of the housing upswing.
Read More » -
Elite Agent
Spike in demand leads to rise in construction costs according to CoreLogic figures
The cost of construction in Australia rose by 1 per cent over the December quarter, according to newly released figures from CoreLogic.
Read More » -
Elite Agent
Darwin, Perth and Hobart record strong growth in January
Australian house values reached a record new high during the start of 2021 - even surpassing pre-COVID levels, according to latest data from CoreLogic.
Read More » -
INDUSTRY NEWS
The rental gap between houses and units continues to widen: CoreLogic
The COVID-19 pandemic has created diversity across the Australian rental market with international border closures and stalled immigration continuing to impact capital cities, according to CoreLogic RP Data.
Read More » -
NEWS
Momentum in Australia’s property market continues to build: CoreLogic
Core Logic's December data points to a strong 2021, with
Read More » -
NEWS
Australia’s housing market continues the recovery trend: CoreLogic
Australia's housing market continued along a recovery trend through November. CoreLogic’s national index recorded a second consecutive monthly rise in November, with dwelling values up 0.8% over the month. The new recovery trend follows a 2.1% drop in Australian home values between April and September.According to CoreLogic’s Head of Research,…
Read More » -
NEWS
Cash rate not expected to lift for three years
"From a housing market perspective, home buyers are clearly responding to the unprecedented levels of stimulus available," With interest rates set to remain at these record lows for an extended period of time, attention is already focusing on how to manage associated risks of an 'over-heated' housing market while at…
Read More » -
NEWS
Cash rate cut will improve housing affordability – if banks get on board
The RBA's decision to cut the official interest rate to a historical low of 0.10 per cent will improve housing affordability.
Read More » -
Elite Agent
Australian housing values are rising, after five months of declines
Following what CoreLogic refer to as "five months of consistent declines in residential property values", the national home value index is now showing positive month-on-month growth through October, posting a 0.4% rise in housing values.
Read More » -
Elite Agent
Melbourne and Sydney drag down an otherwise strong September
September saw an impressive turnaround for housing sentiment across six of the eight capital cities, with an increase in home values, a rise in new listings, and consumer confidence back where it should be.
Read More » -
NEWS
Rate of home value decline eases
Australian home values have recorded their fourth month of COVID-induced decline, with the CoreLogic home value index dropping a further 0.4 per cent in August. Although the overall figure highlights a downward trend, CoreLogic notes the fall is not consistent across the board with some areas faring far better than others. “…at least from a macro perspective, the rate of…
Read More » -
Elite Agent
Illawarra, Launceston, and Ballarat the hottest regional markets
CoreLogic’s latest quarterly regional review analysed 25 of Australia’s largest non-capital cities, and while people seem to be leaving the capitals in droves, elsewhere in Australia there is a far more rosy outlook. Illawarra has recorded both the largest rise in housing values, and the biggest jump in home sales over the past 12 months. Illawarra’s annual growth rate sits…
Read More » -
Elite Agent
Housing values drop for a third month in a row
Australian housing values have suffered a third consecutive month of declines. CoreLogic’s home value index dropped 0.6 per cent over July, an ever-so-slight improvement from June’s 0.7 per cent drop, but a drop all the same. CoreLogic’s head of research, Tim Lawless, explains: “The impact from COVID-19 on housing values has been orderly to-date, with CoreLogic’s national index falling only…
Read More » -
NEWS
Values fall in June across the larger capital cities
Despite Australians beginning to take baby steps out in the world again, real estate values across the combined capitals have continued to drop for the second month in a row, falling 0.7 per cent in June, after a 0.4 per cent decline in May. But it’s not all bad news for owners – especially those in Hobart and Darwin. The…
Read More » -
NEWS
The RBA leaves rates on hold in June
The RBA has elected to keep the cash rate on hold at the record low level of 0.25 per cent. At its June meeting on Tuesday, the board decided to continue with a wait and see approach which was in line with what most analysts had been expecting. The RBA had slashed the official cash rate from 0.75 per cent…
Read More » -
NEWS
Property prices remain ‘resilient’ in May despite lockdown
Property prices across Australia’s capital cities have fallen for the first time since June last year. Against the backdrop of wide-ranging shutdowns, the latest data from CoreLogic has shown the combined capital cities have fallen by 0.5 per cent in May. The results around the country were mixed, with Adelaide, Hobart and Canberra all recording price increases, while it was…
Read More » -
NEWS
RBA keeps interest rates at record-low 0.25 per cent
With the Australian economy still feeling the full impact of social distancing measures, the RBA has made the decision to leave interest at a record-low 0.25 per cent. The RBA made two rate cuts in March, including an emergency cut that saw the official cash rate fall to its lowest level on record. It was widely expected that the RBA…
Read More » -
NEWS
House prices remain steady as transactions slow
Despite the nation-wide shutdown that has made life tough-going for most real estate agents, house prices have remained stable throughout April. According to the latest data from CoreLogic, house prices nationwide ticked higher, up 0.3 per cent. House prices in Sydney increased by 0.4 per cent, however, values did ease in Melbourne, with prices down -0.3 per cent over the…
Read More » -
NEWS
House price growth begins to slow
Despite the unprecedented social distancing measures put in place to stop the spread of the coronavirus, home values across the country pushed higher in March. According to the latest data from CoreLogic, prices rose by 1.1 per cent in Sydney, 0.4 per cent in Melbourne, 0.6 per cent in Brisbane and Canberra, 0.5 per cent in Perth and 2 per…
Read More » -
NEWS
House price rebound continues with new highs in sight
House prices across the country have continued to grow in value in February, with Sydney and Melbourne again the strongest markets in the country. According to the latest data from CoreLogic, median house prices across the combined capital cities jumped 1.2 per cent in February. Again it was Australia’s two major cities, Sydney and Melbourne that are doing the bulk…
Read More » -
NEWS
RBA leaves rates on hold at 0.75 per cent for February
The Reserve Bank of Australia (RBA) has left the cash rate on hold at 0.75 per cent at its February meeting, in what was a decision that was widely expected by the market. Over the past few weeks, economic data has been on the improve and that has made a strong case for rates to be left unchanged. We’ve seen…
Read More » -
National
House price rally continues in January
House prices started the year in the same fashion as they ended 2019, rising across every capital city in Australia. According to the latest data from CoreLogic, the combined capital cities grew by 0.9 per cent in January, taking the quarterly gain to 4.2 per cent. Once again it was Sydney (up 1.1 per cent)…
Read More » -
Elite Agent
House prices close out 2019 with more strength
It was another strong month of house price growth in December, as the year-end rally stayed true to form across the country. Across the major capital cities, dwelling values increased by 1.2%, marking yet another solid monthly performance, according to the latest data from CoreLogic. Again it was Sydney and Melbourne leading the price increase,…
Read More » -
Elite Agent
Sydney house prices jump the most since 1988
It was a record-setting month for house prices across the country as Sydney, Melbourne and Hobart continue to lead the charge. Sydney dwelling values increased by 2.7% for the month of November, according to CoreLogic, making it the biggest monthly increase in 31 years. At the same time, Melbourne dwelling values also jumped by 2.2%,…
Read More » -
NEWS
The RBA keeps interest rates on hold at 0.75%
The Reserve Bank of Australia has kept interest rates on hold at 0.75 per cent at its November meeting. After three cuts since June which saw the official cash fall from 1.5 per cent, the odds of a cut were low. Headed into the meeting there was just a five per cent chance of a 25 basis points cut, with…
Read More » -
NEWS
Melbourne and Sydney drive rise in house prices
House prices across the nation continue to move higher, getting dragged along by continued strength in both Sydney and Melbourne as house prices continue to rise. According to the latest data from the CoreLogic, it was Melbourne property prices that gained the most in the month of October, up 2.3 per cent – its strongest result since 2009, while Sydney…
Read More »