This is a critical, but little known indicator of the status of our housing markets

How are our property markets doing? With so many indicators regularly mentioned in the media – which should you rely on? Firstly, it’s worth understanding some statistics are lagging indicators – they tell you what has happened in the past. Others are leading indicators – they are a sign of what’s ahead. Here’s what I […]

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Believe it or not, housing affordability has improved

While we often talk about housing affordability, rental affordability hasn’t looked this good in 13 years. And even housing ownership affordability has improved slightly across the country in the June quarter according to the latest REIA Housing Affordability Report. REIA president, Adrian Kelly said rental affordability had improved in both the June quarter and the […]

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How will stalled net overseas migration impact housing demand?

Recent forecasts from Treasury indicate annual population growth across Australia is set to slow from around 1.4% pre-COVID, to 0.6% through the 2020/21 financial year. In raw numbers, that implies Australia’s annual population growth will reduce from around 350,000in 2019 to 154,000over the year ending June 2021 – a reduction of 56%relative to 2019levels. If […]

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How do housing markets recover from an economic shock? These were the top performing suburbs

How do housing markets recover from an economic shock? Analysing housing data three years post-GFC may provide some clues In fact new research from the Property Investment Professionals of Australia (PIPA) and CoreLogic  identified the best performing capital city and regional locations three years after the Global Financial Crisis. This research found that capital city […]

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Understanding the best performing capital city housing market amid COVID-19

Capital city dwelling values have been affected differently across Australia in the wake of the pandemic. As well as anecdotes of demand in regional lifestyle areas, the ACT dwelling market has been the clear ‘winner’ of the capital cities, increasing 1.3% in value between the end of March and the end of July. This came […]

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COVID driven housing moves through a third month of orderly decline

Australian housing values racked up a third consecutive month of declines in July, with CoreLogic’s home value index dropping 0.6% over the month, a slight improvement from June when the national series was down 0.7%. Across the capital cities, only Canberra (+0.6%) and Adelaide (+0.1%) posted a rise in dwelling values over the month, while […]

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The impact of stamp duty discounts on the NSW housing market

On the 27th of July, the New South Wales government announced eligible first home buyers could access stamp duty exemptions on new home purchases worth up to $800,000. New home builds will also see stamp duty discounts available for purchases between $800,000 and $1 million, where the discount reduces with a higher purchasing price. The […]

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not the big answer to housing you might think

There has been significant growth in small house living, but that doesn’t mean Australia should go in big on them. Don’t let their sizes fool you – the tiny house movement is big. These micro-scaled homes are populating Instagram feeds and, even have a Netflix series aptly named Tiny House Nation. Championing a simple-living alternative […]

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One expert’s interpretation of the record fall in housing finance

Last Thursday’s lending indicator data from the ABS shows the value of new finance commitments for the purchase of dwellings fell by a record 11.6% over May 2020. This is the largest single monthly drop in the 18 year series. In seasonally adjusted terms, it represents a $2.2 billion monthly fall in the value of […]

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What’s the impact on Melbourne’s housing market likely to be as a new round of lockdown measures are implemented?

With Melbourne returning to lockdown conditions amidst an acceleration in virus cases, it’s worthwhile looking back at the housing markets performance through the earlier lockdown period. From midnight of July 8th, residents of Melbourne and the Mitchell Shire will be unable to leave their home unless they are shopping for essential items, seeking/giving medical care, […]

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