Archive for the ‘Market Report’ Category

Looking Forward, Looking Back…

Now into our second week of 2022, our team here have truly settled in and back to work, heads down and fully focused on the year ahead.  We trust you are keeping as healthy as possible in the face of this Omicron tsunami that’s ripping through our communities and causing massive disruptions to daily life and placing a huge strain on our medical services.

Despite the pandemic and the talk of … Read the full post »

More Stock Hits Market

With Christmas literally just nine sleeps away, the property market has managed to continue to attract a significant portion of media attention, with the latest reports revealing a surge in stock levels last month that shows no sign of slowing, finally giving buyers more options, and perhaps somewhat on the way to more of a market in equilibrium.

November marked the peak of the spring selling season this year, with the … Read the full post »

Home Value Index Continues to Rise

This month CoreLogic released its latest report on the health of the Australian housing market, recording a rise of 1.5% in the national home value index in September, taking Australian housing values 17.6% higher over the first nine months of the year, and 20.3% higher over the past 12 months.  The annual growth rate is now tracking at the fastest pace since the year ending June 1989.

Every capital city reported … Read the full post »

Queensland: Australia’s Most Active Property Market

According to the research by the online property exchange network PEXA, more homes were bought and sold in Queensland over the last quarter than in either NSW or Victoria, for possibly the first time in history.

With COVID-jaded Sydneysiders and Melburnians buying up big in the Sunshine State, as well as locals splashing out for their own sea and tree changes, $42 billion worth of property was settled from July to … Read the full post »

Selling in Cooler Months

Traditionally, the real estate market is widely acknowledged as having its busiest activity occur across the season of spring – warmer weather, blossoming flowers, heightened levels of optimism in general, along with the motivation of moving and being settled into a new property by Christmas.

However, when the market is as buoyant as it is right now, the onset of winter is unlikely to slow the momentum that has swept across … Read the full post »

Investor Activity Softens

CoreLogic’s latest report on Investor Activity in the Australian Property Market reveals that there hasn’t just been a softening during the COVID19 pandemic; in fact, investor activity has been falling since early 2015, across all Australian states.

The main reason attributed to this is the macro-prudential policies that were implemented in Australian mortgage lending, which did tighten lending criteria and exclude some would-be investors from commencing or growing their portfolio.

The latest … Read the full post »

Australian Property Market Update

CoreLogic has just released the latest Australian Property Market Report reflecting on activity and prices across the nation in September, and whilst last month home values declined in Sydney and Melbourne; it is a mixed bag as the other six capitals all records a life in home values, and regional markets are continuing to perform strongly.  See below graph (source: CoreLogic)

At … Read the full post »

Market Sentiment QLD

The Queensland real estate industry body, the REIQ, have been carefully monitoring not only the state property market in the wake of the COVID19 global pandemic, but also consumer sentiment across Queensland regarding consumer confidence in recovery and general outlook.

Whilst there is evidence property prices have dropped nationally by 2%; Queensland has fared somewhat better overall with a 0.3% drop, and the Sunshine Coast, very much a lifestyle-driven regional market, … Read the full post »

Regional Housing Market and COVID-19

Whilst the unfolding events surrounding the COVID-19 pandemic continue to escalate in Victoria, along with pockets of outbreak in New South Wales; Queensland is still faring very well in comparison, and our state government continues to monitor the situation closely.

The million-dollar question is ‘what impact is this having on the property market’?  Well, there has been a noticeable slowdown in Victoria in particular, as well as a drop in prices.  … Read the full post »

Winter Outlook for Property Market

According to some leading property analysts across the nation, and indeed many agents experiencing a surge in enquiry as the COVID-19 restrictions ease; this winter could prove a more active market than anticipated.

The spring season is normally the most popular time to sell homes, with the weather warming and gardens in full bloom; however, confidence is starting to trickle back into the market, as many are now seeing some light … Read the full post »

Property Market Update – Reaction to COVID-19

Since the government shutdown non-essential services and have placed a temporary ban on auctions and open for inspections, and essentially halted the economy in response to COVID-19; as expected, the property market has been impacted.

From a values perspective, the CoreLogic hedonic index has been showing a loss of momentum in housing value growth rates since mid-March. Data through to mid-April has seen a continuation in this trend, with the combined … Read the full post »

COVID-19 and The Real Estate Industry

Amid the spread of coronavirus, the past few weeks have seen increased expectations of an Australian recession, a slowdown in business activity and trillions of dollars wiped off global share markets. It has many asking what the impact of the coronavirus would be on Australian residential property.

Australia’s leading real estate researcher and analyst CoreLogic explores fundamentals of housing to better understand outcomes in the current climate. It has found:

Housing … Read the full post »

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