It’s cheaper to rent than buy a house in 90% of Australian suburbs Says CoreLogic
CoreLogic’s analysis of 3,904 house and unit markets nationallyfound for houses, just 9.1% of suburbs were cheaper to buy than rent, down from 30.2% of suburbs this time last year.
Homeownership hold periods increase as short-term profits plunge - CoreLogic
Falling home values and hesitant sellers are translating into longer holder periods and rapidly declining profits for short-term sellers in CoreLogic’s latest Pain & Gain Report.
Seasonal new listings suffer as sellers hesitate - CoreLogic
Australia’s traditional peak property listing window is upon us. Every year during the first half of March – referred to as weeks nine to 11 on the calendar - there is a surge in listing activity. But not in 2023.
Heat starting to leave Regional Australia, but home values still on the rise
Red hot Regional Australia property markets are showing signs of slowing, despite outpacing capital cities due to chronically low listings and sustained buyer demand says CoreLogic’s Research Director Tim Lawless.
2,845 homes taken to auction across the combined captial cities - CoreLogic
There were 2,845 homes taken to auction across the combined capital cities this week, compared to 2,905 over the previous week and 612 this time last year according to CoreLogic.
CoreLogic: Home values continue to rise but the pace of growth loses steam in April
Australian housing values lifted by 1.8% in April according to CoreLogic’s national home value index, with the monthly pace of capital gains easing from a 32-year high in March (2.8%).
National home value index rises at its fastest pace in 32 years - CoreLogic
CoreLogic’s national home value index recorded a 2.8% rise in March, the fastest rate of appreciation since October 1988 (3.2%). These exceptionally strong growth conditions remain broad-based, with values rising by at least 1.4% across each of the capital cities and ‘rest-of-state’ areas over...
Big four have made $4.7 billion since 2016 from not passing on RBA cuts: research
New research from financial comparison site Mozo has revealed the Big 4 banks’ tactic of holding back some of the RBA’s rate cuts has seen them pocket a $4.7 billion windfall since 2016.