CoreLogic survey suggests residential landlords have been inclined to keep rents steady during the COVID-19 pandemic

Plenty of data suggests certain rental markets have deteriorated amid the COVID-19 pandemic. CoreLogic data showed a 0.8% decline in national rent values from the end of March to the end of August, with more acute falls in the unit markets of Sydney and Melbourne, where rent values have fallen 4.2% and 4.4% respectively over […]

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Australians refinance $53.7 bn worth of property loans during the pandemic

New ABS Lending Indicators data released today shows new home lending increased in July for the second consecutive month, following earlier lifts in COVID-19 restrictions to auctions and open homes.  The value of new home lending rose by 8.9% in July, following a 6.4% rise in June based on seasonally adjusted figures. Canstar analysis of […]

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Rental markets take a hit from the pandemic

One of the most impacted sectors of our housing market amidst COVID-19 has been the rental markets. The latest ANZ-Core Logic Housing Affordability report shows that the rental market has been more heavily affected than the buyers’ market in the current crisis, with a combination of falling demand and rising supply. However, Australia does not […]

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Pandemic heightens risk of housing stress

Housing debt was high going into the COVID-19 crisis, and liquidity buffers were low. The rapid rise in housing prices (90% increase since 2005), due in part to years of falling interest rates, has outpaced average weekly earnings (65% increase between Nov 2004 and Nov 2019) and created high levels of debt for households in […]

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