Search Results for: Corelogic
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INDUSTRY NEWS
National home values record first decline in almost two years
After peaking in October and holding steady in November, the December dip also pulled the quarterly change into negative territory, marking a -0.1% drop. This small decline brings an end to a robust period of growth that lasted from February 2023 to October 2024—a period defined by high interest rates, cost-of-living pressures, and reduced borrowing capacity. CoreLogic’s research director, Tim…
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FRANCHISE NEWS
Mitchy Koper and Matthew Bell join Oliver Hume
Property services and funds management group Oliver Hume has expanded and enhanced its marketing and research teams with the appointments of Mitchy Koper and Matthew Bell.
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INDUSTRY NEWS
Victorian tourist town sees surge in property listings but no rentals
The popular Victorian tourist town of Bright is experiencing a big surge in property listings, with 100 homes currently on the market, despite still being in the grips of a housing crisis.
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INDUSTRY NEWS
Regional divides increase in 2024
The property market is experiencing differences in growth across the country, with some areas showing strong gains while others face declining prices.
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Elite Agent
The New Property Premium: Why Environmental Performance Is Becoming a Core Value Driver
For years, we've discussed environmental sustainability in real estate as though it were optional – a "nice to have" rather than a "need to have." That era is over.
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INDUSTRY NEWS
Blue chip New Zealand property outperforms
New Zealand’s high-end properties and certain regional areas are showing strength and outpacing much of the broader market, according to new data.
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INDUSTRY NEWS
Perth steals the show in a year of resilience
Despite fluctuating interest rates and affordability pressures, Australia’s housing market recorded an 8% increase in sales, reaching 528,000 transactions nationally.
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INDUSTRY NEWS
RBA leaves rates on hold with inflation still “too high”
There’s no relief for mortgage holders just yet, with the Reserve Bank of Australia leaving the official cash rate unchanged at the December meeting.
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Real Estate News
Energy Ratings gap reveals new selling point for modern homes
Modern homes built after 2010 achieve nearly double the energy efficiency rating of older properties.
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INDUSTRY NEWS
Capital cities could accommodate three million new homes
New research has identified the potential for more than three million additional strata units to be built across Australia's major cities, offering a potential solution to the housing crisis.
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INDUSTRY NEWS
Property market rounds off Spring with auction frenzy
The Australian property market has closed out spring on a high note, with a surge in auction activity across the nation.
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Real Estate News
Milk Chocolate® unveils a new proprietary platform to revolutionise the property buying experience in Australia.
Milk Chocolate®, an Australian start-up co-founded by Michael Cleary and Richie Ragel, is set to transform the property purchasing landscape.
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INDUSTRY NEWS
Weekend auction round-up
Melbourne and Sydney lead the auction activity but showed softer clearance rates of 64.9% and 63.4%.
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INDUSTRY NEWS
Property investors shift focus to high-growth markets
Investment activity is showing strong signs of growth, despite concerns about investors exiting, according to new data.
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INDUSTRY NEWS
Spring auction season shows resilience
National auction results for Saturday, Nov 9, 2024
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INDUSTRY NEWS
More good news for tenants as vacancy rates rise
The rental market continues to show signs of easing with vacancy rates increasing from record lows, signalling a potential shift in the housing crisis.
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INDUSTRY NEWS
Singles can’t afford to rent in New Zealand
Singles in New Zealand are not living the ‘Carrie Bradshaw’ life, with new analysis showing that no region in New Zealand meets the affordability threshold for single renters.
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INDUSTRY NEWS
RBA holds rates steady: what it means for the real estate market
It came as no surprise: The RBA has held the official cash rate at 4.35% marking the eighth consecutive time rates have remained unchanged.
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INDUSTRY NEWS
Auction market reports mixed outcomes
As the spring selling season continues to unfold, Australia's auction market is demonstrating varied results.
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INDUSTRY NEWS
High auction volumes test market as clearance rates decline
Weekend auction summary: 27th October 2024 This past weekend saw one of the busiest periods for auctions across Australia’s capital cities, with over 3,000 homes going under the hammer, according to CoreLogic. The preliminary auction clearance rate was 66.8%, slightly down from last week’s 67.4%, which later revised to 58.2%, marking the lowest clearance rate of the year so far.…
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INDUSTRY NEWS
Record land prices threaten housing targets
Land prices have hit record highs across the country as severe shortages continue to hamper the government's ambitious housing targets.
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INDUSTRY NEWS
Auction clearance rates climb as buyer demand grows
On Saturday, 19 October 2024, Sydney recorded a clearance rate of 67% from 996 auctions listed.
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INDUSTRY NEWS
NZ construction costs inch up amid industry slowdown
Construction costs in New Zealand have shown a slight increase in the September quarter, despite an ongoing slowdown in the building industry.
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INDUSTRY NEWS
Auction market lifts as spring heats up
The Australian property market has seen a sharp uptick in activity as spring selling season gains momentum according to new data.
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INDUSTRY NEWS
Australian property market hits $11 trillion despite slowing growth
Australia's property market has reached a new milestone, with the total value of residential real estate surpassing $11 trillion for the first time, but growth is starting to ease.
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INDUSTRY NEWS
RNBZ rate cuts to boost confidence
The Reserve Bank of New Zealand’s latest rate cut is set to boost market confidence and there is likely more easing on the way.
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INDUSTRY NEWS
Sydney and Melbourne’s unit markets struggle despite affordability gains
Despite improving affordability in some areas, certain unit markets in Sydney and Melbourne are failing to attract buyers, according to new research from CoreLogic.
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INDUSTRY NEWS
Housing market growth slows as spring listings surge
The Australian property market is showing signs of a slowdown, with national dwelling values rising by just 0.4 per cent in September, according to the latest CoreLogic data.
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Real Estate News
Spring Surge: affordability pressures rise as listings climb and market growth slows
Highlights National home values rose 0.4% in September, marking the slowest quarterly growth since early 2023. Year-on-year growth remains strong at 6.7% (CoreLogic) or 5.67% (PropTrack). Capital city performance varies: Sydney steady, Melbourne declining, Perth/Adelaide/Brisbane outperforming. New property listings have surged to levels not seen since 2021, increasing buyer choice and seller competition. Affordability remains a major challenge, with mortgage…
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INDUSTRY NEWS
Million-dollar suburbs hit record high despite affordability concerns
The number of Australian suburbs with median house or unit values of $1 million or more has reached an all-time high.
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Real Estate News
Australian homeowners pocket record $285,000 profit in property resales
Australian homeowners pocketed a record-breaking median profit of $285,000 when reselling their properties in the June quarter of 2024, according to CoreLogic's latest Pain & Gain report.
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Real Estate News
Mixed Fortunes for Australia and New Zealand Property Markets as Suburb Values Weaken
Recent data from CoreLogic and insights from property experts reveal a mixed picture for both the Australian and New Zealand property markets, with significant variations in value trends across suburbs.
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INDUSTRY NEWS
Spring selling season kicks off strongly
The first weekend of Spring selling has started strongly with active buyers driving up clearance rates right around the country.
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Movers and Shakers
Malliga Krishnan appointed Chief Data Officer at CoreLogic International
CoreLogic International has announced the appointment of Malliga Krishnan as Chief Data Officer, strengthening its data capabilities
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INDUSTRY NEWS
Home building approvals hit a 14-month high
New home building approvals in Australia have reached their highest level in 14 months, in a sign that confidence is starting to return.
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