Search Results for: Corelogic
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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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INDUSTRY NEWS
Fleeing the CBD: Australia’s rising rents force tenants to the fringes
Australia’s combined capital city rents have soared a further 10 per cent in the year to September, with tenants forced to look further away from the CBDs to find cost-effective properties.
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INDUSTRY NEWS
First-home buyers dominate the NZ market
The number of New Zealand property sales in September were 8 per cent higher than a year ago, with first-home buyers dominating the market.
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National
600,000 potential granny flat sites identified to help with housing crisis
More than 650,000 properties are suitable for the construction of granny flats across Australia’s three largest states, according to new research.
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INDUSTRY NEWS
Investors flee the eastern states for Western Australia
After nearly a decade in the doldrums, property investors are flooding back into Western Australia at the expense of the East Coast.
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INDUSTRY NEWS
Adelaide leads the way as Australian home values rise for eighth straight month
Home values have risen 0.8 per cent in September as the nation’s supply and demand imbalance pushes prices skyward.
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INDUSTRY NEWS
Increasing number of homeowners selling in under three years
Short-term selling is on the rise, with homeowners trading their property after owning them less than three years.
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Real Estate News
Auction numbers surge, clearance rate remains steady
Australia’s auction market is holding steady, with solid clearance rates last week, as the number of properties going under the hammer surged.
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Real Estate News
Short-term loss-making sales have increased
Higher interest rates could be pushing sellers to accept a loss, with new data from CoreLogic showing the proportion of loss-making, short-term sales has increased.
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INDUSTRY NEWS
Property values rise in one-in-three New Zealand suburbs
Home values have risen in 30 per cent of New Zealand suburbs according to the latest CoreLogic Mapping the Market tool.
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INDUSTRY NEWS
Population growth to fuel Western Australia and Queensland hotspot growth
Australia’s population has grown to 26.5 million, with Western Australia the fastest growing state, according to new research from the Australian Bureau of Statistics.
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Elite Agent
Australian homes valued at more than $10 trillion again
The total value of Australian homes has again jumped above $10 trillion, after rising $325 billion in the June quarter.
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Elite Agent
Kelvin Davidson: How a National victory could reshape NZ property landscape
Many existing and would-be property investors will be keeping a close watch on the polls and whether or not National can form or lead the next government after the October 14 election. If National is successful, we now know it would mean a reinstatement of mortgage interest deductibility for all properties, a Brightline Test back at two years (rather than…
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INDUSTRY NEWS
Reserve Bank keeps interest rates on hold for third consecutive month
The Reserve Bank of Australia has kept interest rates on hold for a third consecutive month as it seeks to gain more clarity on the nation’s economic outlook.
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INDUSTRY NEWS
Perth’s tight market sees prices and rents continue to rise
Low listings and rentals have kept upward pressure on home and rent prices across Perth, according to the latest data.
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INDUSTRY NEWS
QLD and WA suburbs continue to outperform
The property market across the country continues to look increasingly positive, with an expert tipping more growth is still ahead for many areas.
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INDUSTRY NEWS
Property prices have bounced again in August
Spring selling season has arrived and property prices are continuing to heat up, with new data showing that values jumped 0.28 per cent in August.
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INDUSTRY NEWS
NZ property prices inching closer to a “floor”
The “floor” in New Zealand property is getting close, with values falling just 0.2 per cent last month according to CoreLogic NZ.
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INDUSTRY NEWS
Three reasons rent growth could slow in 2024
There could be some relief on the way for struggling renters, with rental growth likely to start slowing down according to an expert.
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INDUSTRY NEWS
Renters turn a blind eye to property flaws to secure a property
Renters are putting up with mould, bad smells and even being forced to share a room in a bid to secure a rental property according to a new survey.
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INDUSTRY NEWS
New Zealanders spending half their income on mortgage repayments
Despite property prices easing across New Zealand, mortgage holders are still spending nearly half their income on repayments according to a new report.
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INDUSTRY NEWS
New listings on the rise, with more stock on the way
New listings are on the rise in Sydney and Melbourne, but the smaller capital cities could be about to see an influx of new stock according to new data.
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INDUSTRY NEWS
High end regional property markets continue to struggle
Regional Australia’s housing market has declined over the past 12 months, with the high-end Covid hotspots continuing to lag more affordable locations.
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INDUSTRY NEWS
Falling land sales to add to housing pain
Despite the ongoing housing crisis and record levels of immigration increasing demand for homes, land sales have collapsed.
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INDUSTRY NEWS
Apartments emerge as a top investment candidate
Strong demand for apartments has made units an enticing proposition for investors, with a host of locations likely to see rising prices in the next six months.
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INDUSTRY NEWS
RE/MAX Australia’s RMX23 conference ignites inspiration for agents
Mindset coaches, futurists and real estate technicians gathered at RE/MAX Australia’s multi-day Conference, RMX23, recently to motivate and inspire the network's agents.
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INDUSTRY NEWS
Fixed rate mortgage cliff hasn’t hurt borrowers yet
With the fixed rate mortgage cliff already underway, there’s still no sign of distressed sellers or a blowout in arrears according to an expert.
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