Search Results for: Corelogic
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INDUSTRY NEWS
Regional areas outpace capital cities for growth
Despite affordability constraints and rising interest rates regional property prices have outpaced the capital cities over the past quarter.
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Real Estate News
House and unit price gap hits record $300k in capital cities
The gap between capital city house and unit prices has never been wider, with detached homes now costing almost $300,000 more.
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INDUSTRY NEWS
New Zealand sales volumes near 40-year lows
High interest rates continue to weigh on New Zealand's housing market, with monthly sales volumes seeing the second-slowest January in 40 years.
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INDUSTRY NEWS
New Zealand homeowners struggle to pay mortgage
New Zealanders are struggling afford a home, with higher interest rates and elevated property prices squeezing borrowers.
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Real Estate News
Consumer confidence boosts property market auction success
Consumer confidence is returning to the property market, resulting in higher than normal auction clearance rates.
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INDUSTRY NEWS
How can housing values fall when demand is so high?
The housing crisis and ongoing demand for property due to population growth is being reflected most of all in rental markets, with home prices falling in some areas according to an expert.
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INDUSTRY NEWS
New Zealand profitable resales rise as markets recover
The recovery in New Zealand's housing market has led to profitable resales rising for the first time in two years.
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Real Estate News
RBA keeps interest rates on hold at 4.35 per cent
The Reserve Bank of Australia has kicked off 2024 with an interest rate hold, electing to keep the cash rate at 4.35 per cent at its first meeting of the year.
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Real Estate News
Australia’s auction season kicks off with near-record activity
Australia has recorded the second biggest start to auction season on record, with 1671 properties going under the hammer last week across the capital cities.
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INDUSTRY NEWS
New Zealand property prices continue their recovery in January
Home prices across New Zealand have continued to rebound, with values up 0.4 per cent in January according to CoreLogic NZ.
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INDUSTRY NEWS
Rates likely to stay on hold after inflation tumbles
Inflation has fallen to its lowest rate in two years, with experts now predicting the Reserve Bank of Australia (RBA) will leave rates on hold at next week’s meeting.
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Real Estate News
Mixed results as home values climb for the 12th straight month
Australian property values have risen for the 12th consecutive month, but market performance remained varied among the capital cities.
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INDUSTRY NEWS
Agents tip interest rates to drive the market in 2024
Over 70 per cent of real estate agents think interest rates are going to be the big driver of the housing market in 2024 according to a new survey.
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INDUSTRY NEWS
Coastal values soar despite economic challenges
More than one-third of Australia’s regional coastal markets have property values at record highs despite multiple interest rate hikes and soaring cost of living.
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INDUSTRY NEWS
First-home buyers make a record share of property purchases
First-home buyer (FHB) activity has jumped in New Zealand, with new data showing the cohort now make 27 per cent of home purchases.
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INDUSTRY NEWS
Rents hit another record high but growth likely to slow
Tenants continue to feel the pressure of the housing crisis, with rents surging to a record high and passing $600 per week.
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INDUSTRY NEWS
Rising construction costs signal a return to trend
Construction cost increases have started to reaccelerate, but experts believe this is just a return to trend and not another new surge in prices according to CoreLogic.
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INDUSTRY NEWS
New Zealand property prices rise for the third straight month
The rebound in home prices across New Zealand has continued, with prices rising 1 per cent in December according to CoreLogic NZ.
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INDUSTRY NEWS
Temporary buyer window opens in slowing Sydney luxury market
Price growth in Sydney’s luxury property market is starting to slow down opening up a ‘temporary window’ to buy according to an expert.
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INDUSTRY NEWS
The top 50 residential real estate influencers for 2023
There is rarely a dull day in real estate. From mergers and acquisitions, record sales and the AI boom, 2023 has once again been a year for the record books.
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INDUSTRY NEWS
Property market resilience to be tested in 2024
After bouncing back in 2023, the resilience of the property market is set to be tested according to the latest Herron Todd White (HTW) Month in Review.
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INDUSTRY NEWS
Perth property prices predicted to jump up to 10 per cent in 2024
Perth property prices could soar as much as 10 per cent in 2024, according to Damian Collins, who is the past president of the Real Estate Institute of Western Australia (REIWA).
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INDUSTRY NEWS
A year of two halves for property growth
The past 12 months has been a year of two halves for the Australian property market, with ongoing rate hikes and stretched affordability slowing growth since June.
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CONTRIBUTORS
2023 Real estate review: market shifts and insurance impacts
I’m reminded of an ancient Chinese curse that reads: “may you live in interesting times”.
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INDUSTRY NEWS
Aussie mortgage holders spared a Christmas interest rate rise
The Reserve Bank of Australia has provided mortgage holders a Christmas time reprieve, electing to keep interest rates on hold at 4.35 per cent at today’s board meeting.
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INDUSTRY NEWS
New Zealand property prices continue to recover
Property prices in New Zealand ticked higher last month adding to the recent string of increases suggesting the market has turned the corner for the time being.
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National
Home ownership hurdles: 2023 sees soaring costs, sinking affordability
Housing affordability has plummeted on three fronts in 2023, with simultaneous rises in rent values, housing values and interest rates putting home ownership further out of reach for many.
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INDUSTRY NEWS
New Zealand rents surged 6.1 per cent in the past year
New Zealand tenants aren't fairing much better than their Australian counterparts, with weekly rents rising 6.1 per cent in the past 12 months.
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National
National Home Value Index hits a new high
Australia’s property market has experienced a V-shaped recovery, with the national Home Value Index hitting a new record.
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INDUSTRY NEWS
Property values rise in more than 80 per cent of markets
The Australian property market continues to build steam, with new data showing 82.4 per cent of house and unit suburbs recorded a jump in values in the past three months.
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National
OnTheHouse and Openn combine to bring private treaty sales online
CoreLogic’s consumer property research and listing platform, OnTheHouse.com.au, has strengthened its partnership with Openn, to bring private treaty sales online through Openn Offers.
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INDUSTRY NEWS
First home buyer demand across New Zealand hits a record high
Despite reduced housing affordability and higher living costs, first home buyers (FHBs) in New Zealand are buying homes are a record rate.
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INDUSTRY NEWS
Immigration surge putting short-term pressure on rental markets
The flood of overseas migrants is putting the rental market under extreme pressure in the short term and the Government needs a more consistent long-term target according to an expert.
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INDUSTRY NEWS
New Zealand property prices rise for the first time in 18 months
The first signs of a recovery in New Zealand property prices have begun with values increasing 0.4 per cent last month and 0.1 per cent for the quarter according to CoreLogic NZ.
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Real Estate News
Chaotic auction sets a new record with 161 registered bidders for damaged home
When Cory Boyd and Keron Petzer listed the dilapidated home at 19 Billabong Drive, Crestmead, they had no idea of the chaos that would ensue on auction day.
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