Property Market
Melbourne’s Property Market: Recovery Underway
Metropolitan Melbourne and regional Victoria are currently in the third stage of the government’s COVID-19 recovery plan. Following a series of lockdowns designed to bring the COVID-19 outbreak under control, Victorian real estate is slowly moving back towards “business as...
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Australian Property Market Update: October 2020
After five months of decline, the national home value index finally moved back to a positive in October 2020. According to CoreLogic, the index shows a rise of 0.4%. Every capital city in Australia, except for Melbourne, recorded a rise in their values over October 2020. Source:...
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Australian Property Market Update: September 2020
Falling home values in Sydney and Melbourne pushed the national housing market into its fifth consecutive month of decline. Six of the eight capital cities had a rise in their home values over the month. Only Sydney and Melbourne recorded a decline of 0.3% and 0.9% in September. There...
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bookmarkTags: Australian Federal Budget, Australian property, first home buyers
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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bookmarkTags: Property Buyers, Property Investors
