Property Market
Australia Property Market Update: August 2020
CoreLogic reveals that Australia’s property market is experiencing a fourth consecutive month of COVID-induced price falls, with home values dipping by 0.4% in August. However, home values for the 12 months to August 31, 2020, are still 5.8% higher than in 2019. Even where...
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Australia Property Market Update: July 2020
It is the third consecutive month of decline for Australia’s property values. CoreLogic’s home value index dropped 0.6% over July 2020 and the median property value is $552,912. Sydney and Melbourne are still leading the decline in home values at 0.9% and 1.2% respectively....
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COVID-19 Property Market Update: Where Are Prices Falling?
The impact of COVID-19 on the housing market is milder than anticipated. Home values are not crashing and there is a recovery in transactional activity since sales plummeted in April 2020. Australia’s property market experienced its second consecutive monthly fall, bringing...
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Coronavirus & The Property Market: Large Price Falls Unlikely
Gloomy forecasts of property price falls between 20% and 30% are now looking very unlikely unless a second wave of Coronavirus hits Australia. While the May 2020 CoreLogic Home Value Index revealed a 0.4% drop in national dwelling values, it was not the drastic plunge in values...
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Is It A Buyer’s Market?
While experts were forecasting that the property prices would fall between 5% and 30%, the data also has to account for the lower demand and the limited supply of stock in the market as well. While the pandemic did cause a huge drop in listing volumes and transaction activity,...
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Property Market Update – February 2020
Properties Across Australia Reach Record High According to CoreLogic’s national Home Value Index released in March 2, 2020, housing values surged by 1.1%. This month has a significant increase as the values across five of Australia’s eight capital cities reaches a record...
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Where To Buy Property In Each Capital City?
Total housing finance for the purchase of property had the highest monthly growth rate in over three years. It increased by 4.4% in December and signifies an additional $832 million borrowed for property purchases, according to the Australian Bureau of Statistics’ (ABS) December...
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The Ripple Effect: A Guide To Housing Price Growth
Have you ever noticed ripples over a pond? Much like those rippling waves, the growth in property price, too, tends to exhibit a wave-like pattern that flows from one location to the other over time, creating something like a ripple effect. It’s something that some property...
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Property Market Update – January 2020
All capital cities experience upward trajectory Australia’s housing market is still going through a rebound, with a 0.9% increase in the home value index during the month of January. The Australian house market continued its upward rise in January 2020 across all capital cities...
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Top Australian Real Estates In 2020 You Should Know About
2019 saw the end of the downturn that plagued the Australian real estate market from late-2017 to mid-2019. The latter half of 2019 saw rapid growth in dwelling values due to a combination of the three cash rate cuts by the RBA (in June, July and October), relaxation of borrowing...
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