Search Results for: Corelogic
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Elite Agent
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Real Estate News
House prices jump across the country
Buyers are coming out in numbers in Australia’s two major cities and it was the driving force behind the first big jump in house prices that we’ve seen in many months. According to the latest data from CoreLogic, Sydney house prices rose by 1.6 per cent, while Melbourne jumped by 1.4 per cent. Across the country, dwelling values increased by…
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Real Estate News
LJ Hooker opens new office in North West Tasmania
LJ Hooker has expanded its network in North West Tasmania with the opening of LJ Hooker Devonport. Experienced local real estate specialists Michael Ziegler and Melissa Burtt will head up the new office, which offers a full suite of real estate services across residential properties, including sales and property management. With 16 years’ combined experience in the real estate industry,…
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Real Estate News
The RBA keeps rates on hold
After two straight months of rate cuts, the RBA has left rates unchanged at one per cent. The move was widely expected and will mean borrowers will likely not see any changes to variable rates this month. However, RBA Governor Lowe has suggested that the RBA stands ready and able to cut rates further if they are required to do…
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Elite Agent
Property prices continue to turn the corner
There are more positive signs for property prices across the country as the latest data from CoreLogic suggests the market is moving into a recovery phase. This is the second straight month that prices have ticked higher in both Sydney and Melbourne as the positive sentiment in the market continues to improve. Since APRA reduced the buffer rate on borrowers,…
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Real Estate News
Auctions this week: Clearance rates continue to tick higher on low volume
Auctions this week: Clearance Rates Continue to Tick Higher on Low Volume It might be the middle of winter in Australia, but that hasn’t stopped the resurgence in the auction clearance rate across the country. In Sydney, the preliminary clearance rate was up to 81.5%, its highest in more than 18 months. In Victoria CoreLogic…
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Elite Agent
Auctions this week: Buyers are back
According to CoreLogic, the first week of July 2019 saw a combined capital clearance rate above 60 per cent for the fourth consecutive week. With the Federal Election now an almost distant memory, Elite Agent spoke to some of Australia and NZ’s top auctioneers to see if buyers are really back, and what the lead-up to Spring Selling Season is…
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INDUSTRY NEWS
Property prices start to recover in Sydney and Melbourne
There are some positive signs for property prices on the East Coast as both Sydney and Melbourne have posted monthly gains for the month of June. Values in Australia’s two major housing markets were up 0.2 per cent in Melbourne and 0.1 per cent in Sydney for the month, according to the latest figures from CoreLogic’s Hedonic Home Value Index.…
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Elite Agent
Clock’s tickin’ – Qld and SA in recovery as NSW continues its decline, according to Herron Todd White
The Sunshine Coast and Bathurst are among areas sitting at the top of the property clock, bucking a trend which sees most of New South Wales in a steady decline, while much of regional Queensland begins its recovery. These are the latest insights from independent valuation and advisory firm Herron Todd White who also had some good news for much…
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INDUSTRY NEWS
RBA cuts cash rate to 1.25 per cent – industry reacts
In what was a widely expected move, the Reserve Bank of Australia has cut the cash rate to an all-time low of 1.25 per cent. At their monthly meeting on June 4, the Board elected to lower the cash rate by 25 basis points, explaining the decision was aimed at supporting employment growth and providing greater confidence that inflation would…
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Real Estate News
Sales activity falls in all Australian regions: CoreLogic
The latest CoreLogic Regional Report reveals challenging property market performance across Australia’s regions, with falling sales activity in the 12 months to February 2019. Commenting on the regional report findings, CoreLogic research analyst Cameron Kusher said: “The regional markets are taking their lead from the capital cities, with the annual rate of value growth winding down across most regions. While…
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Real Estate News
Leasing activity up 13 per cent in May: REIWA
New reiwa.com rental data has revealed Perth tenant activity increased 13 per cent in May, with 4,316 properties leased during the month. REIWA Deputy President Lisa Joyce said activity in the Perth rental market had enjoyed a strong rebound this month, following a more subdued April. “In May, the suburbs that saw the biggest spike in leasing activity were Warnbro,…
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Real Estate News
Housing downturn losing steam: CoreLogic
The CoreLogic May 2019 home value index results have shown national dwelling values were down 0.4 per cent, the smallest month-on-month decline since May 2018. Although at a broad level dwelling values are still trending lower across the regions of Australia, the pace of declines eased further in May, continuing a trend that has been evident since the beginning of…
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INDUSTRY NEWS
May 2019: RBA rates remain at 1.50 per cent – industry reacts
Yesterday (7 May 2019), the RBA Board decided to leave the cash rate unchanged at 1.50 per cent for its 30th consecutive meeting. Here’s a quick rundown of what happened. With respect to the housing market: The adjustment in established housing markets is continuing after the earlier large run-up in prices in some cities. Conditions remain soft and rent inflation…
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Real Estate News
The worst could now be behind us: CoreLogic
CoreLogic has released the home value index results for April 2019, confirming that the decline in home values has lost some momentum over recent months. Dwelling values across Australia continued their downward trajectory in April, falling by half a per cent over the month to be down -7.2 per cent over the past twelve months, and -7.9 per cent lower…
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OPINION
Negative gearing is not the biggest issue our property market faces: Charles Tarbey
The Australian property market has been consistently disrupted by false and misleading predictions which coupled with a widespread tightening of credit policy has created the real issue impacting our industry. A fallout from the Banking Royal Commission saw banks apply stricter lending requirements that made it difficult for consumers to obtain finance, particularly for investors. Whilst I have the greatest…
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Real Estate News
CoreLogic launches a new home loan analytics portfolio, merging portfolio and property data
CoreLogic has launched a new home loan analytics portfolio, merging portfolio and property data to assist lenders operating in changing market conditions. According to CoreLogic Executive Head of Data, Analytics and Solutions, Tracey Ah Hee, this analysis solution will help lenders to identify portfolio blind spots. “We match a lender’s existing portfolio data to property-specific data to provide a customer-level…
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Real Estate News
Rent yields across Australia rise over the first quarter of 2019: CoreLogic
The first CoreLogic Quarterly Rental Review for 2019 has been released, with results showing a national increase in yields over the past three and 12 months. According to CoreLogic Research Analyst Cameron Kusher, gross rental yields for the first quarter are at 4.10 per cent compared to 3.95 per cent in the previous quarter and 3.77 per cent a year…
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Real Estate News
Current rental yields around New Zealand are looking up
CoreLogic have released their figures concerning growth in New Zealand’s rental market, revealing that rental growth is now outpacing property values. Interestingly, the results show the highest rental yields can now be found outside the main centres while the 10 lowest yielding suburbs are all located in Auckland. CoreLogic’s Senior Property Economist, Kelvin Davidson, noted that after a long period…
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INDUSTRY NEWS
April 2019: RBA rates remain unchanged – industry reacts
Yesterday (2 April 2019), the RBA Board decided to leave the cash rate unchanged at 1.50 per cent for its 28th consecutive meeting. Many commentators expected this to be the case as the cash rate has now remained unchanged for 32 months. Here’s a quick rundown of what happened. With respect to the housing market: The adjustment in established housing…
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Real Estate News
Budget 2019 focused on a strong economy
Prime Minister Scott Morrison and Federal Treasurer Josh Frydenberg handed down the Federal Budget last night. With a Federal Election on the horizon, the centrepiece of the budget was a cash rebate pitch to middle income earners and no changes to taxation legislation this side of an election. It’s the second year in the row there was no mention of…
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Real Estate News
Housing downturn loses some steam: CoreLogic
CoreLogic’s latest home value index results show the pace of declining property values in March eased relative to the past four months. Head of Research at CoreLogic, Tim Lawless, confirmed that the 0.6 per cent drop in March was the smallest of the month-on-month declines since values fell by 0.5 per cent in October last year. However, Mr Lawless noted…
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Elite Agent
‘Together we will succeed’: Owen Wilson
Owen Wilson stepped into the top job at realestate.com.au in January – amidst arguably the worst downturn in the property market in the past 10 years. With an uncertain year ahead and global players such as Facebook making their own plans in real estate, Wilson’s overall philosophy is that it’s time for REA Group and agents to work together for…
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Real Estate News
Nation’s capital dominates the REIA awards for 2019
The Real Estate Institute of Australia (REIA) announced the winners of the 14th National Awards for Excellence last night at a gala dinner held at Crown Perth on 21st March 2019. REIA President Adrian Kelly said the awards acknowledge and recognise the best of the best in Australian real estate. “More than 250 real estate professionals from across Australia converged…
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INDUSTRY NEWS
Jellis Craig launches innovative suburb reporting
Victorian boutique group Jellis Craig have launched an innovative resource to help buyers and sellers make informed property decisions. Suburb Reports are based on data sourced through Core Logic and are designed to provide potential and existing clients with up-to-date market insights while helping to drive leads for the group. Jellis Craig CEO Nick Dowling believes that the new reports…
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INDUSTRY NEWS
March 2019: RBA rates unchanged, industry responds
Yesterday (5 March 2019), the RBA Board decided to leave the cash rate unchanged at 1.50 per cent for its 27th consecutive meeting. Here’s a quick rundown of what went down! With respect to the housing market: After the earlier large run-up in prices, the adjustment in the Sydney and Melbourne housing markets is continuing as conditions remain soft in…
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Real Estate News
CoreLogic Home Value Index: Downward trend continues in February
CoreLogic released its February home value index results showing a a fall of 0.7%, across the combined capitals increasing the cumulative decline to -6.8% since values last peaked in October 2017. Head of research at CoreLogic, Tim Lawless said, “The fact that we are seeing weakening housing market conditions across regions where home values were previously rising at a sustainable…
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Real Estate News
Reinvigoration of IT strategy to kickstart McGrath’s future growth
McGrath Limited (ASX: MEA) announced its FY19 first-half results, showing an 18 per cent drop in revenue. A release to the ASX points to the subdued market conditions having an impact on performance, resulting in an EBITDA loss for the first half of $2.5 million. This result comprises the previously reported first-quarter loss of $1.9 million and a reduced second-quarter…
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INDUSTRY NEWS
February 2019: Interest rates on hold, Industry reaction
Yesterday (5 February 2019), the RBA Board decided to leave the cash rate unchanged at 1.50 per cent for its 26th consecutive meeting. “Inflation remains low and stable. Over 2018, CPI inflation was 1.8 per cent and in underlying terms inflation was 1¾ per cent,” said RBA Governor Dr Philip Lowe. “Underlying inflation is expected to pick up over the next…
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INDUSTRY NEWS
CoreLogic’s January Home Index shows continued falls
CoreLogic’s January home value index shows the property market in Melbourne and Sydney continued to fall, with all capital cities apart from Canberra recording a month-on-month fall in dwelling values. CoreLogic’s hedonic home value index shows a further 1.0 per cent decline in national dwelling values over the first month of 2019, taking the cumulative decline in Australian dwelling values…
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EPM: Case Studies
What landlords and tenants are really thinking
The latest Perceptions of Property Managers report examines the quality of service landlords and tenants receive from agents. It found that while the majority of landlords – 56 per cent – received good or excellent service from their property managers, 16 per cent of landlords experienced poor service and an additional 28 per cent received average service. Tenants reported an even…
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SELLING + MARKETING PROPERTY
The story behind realestate.com.au’s most-clicked listing of 2018
After languishing on the market for three years, a property in Victoria’s Narre Warren North sold this year with Kristen Turner of Peake Real Estate who took over the listing in April. Not only did Ms Turner secure a record price for the home, it also become the most-clicked on realestate.com.au for 2018 – finding its way in front of…
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FRANCHISE NEWS
Sunshine Coast waterfront specialist joins LJ Hooker
Real estate specialist Alan Riley – who’s credited with some of the Sunshine Coast’s top waterfront property sales – has joined LJ Hooker Mooloolaba’s sales division as co-principal. Mr Riley has been credited with several million-dollar waterfront sales for Mooloolaba and Minyama sellers over 2018, including $3.25m and $2.88m for two properties at Mooloolaba as well as a record $5.15m…
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INDUSTRY NEWS
CoreLogic reveals best performing suburbs for 2018
CoreLogic has released their Best of the Best report for 2018, revealing the suburbs which performed best as the property market slowed. At a macro level, CoreLogic research analyst Cameron Kusher describes the property market conditions for 2018 as ‘slowing quite rapidly’. Digging beneath the surface, his analysis found that the market conditions are now somewhat of a mixed bag,…
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INDUSTRY NEWS
December 2018: Interest rates on hold, Industry reaction
At its meeting yesterday (4 December 2018), the RBA Board decided to leave the cash rate unchanged at 1.50 per cent for its 25th consecutive meeting. “Conditions in the Sydney and Melbourne housing markets have continued to ease and nationwide measures of rent inflation remain low,” said RBA Governor Dr Philip Lowe. “Credit conditions for some borrowers are tighter than they…
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