Property Market
Housing Boom Slows As First Home Buyers Priced Out
CoreLogic data shows house values rose 1.5% in September 2021. They are 20.3% higher over the past 12 months. While housing values had been rising at their fastest pace since 1989, the monthly rate of growth is losing steam. The market’s growth rate peaked in March 2021, when...
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How To Buy A House In A Hot Market
The Australian housing market is a hotspot right now. Absorption rates are high, real-estate prices are soaring and inventory levels are low – all indicating a seller’s market. Plenty of buyers remain undeterred. Nearly 598,000 house and unit sales took place across Australia...
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Property Market Still Booming, Affordability Challenges Loom Larger
Australia’s housing market is still on the rise, despite the lockdowns. However, the rate of growth is losing steam and August marked the lowest monthly rise in housing values since January. CoreLogic’s national home value index shows housing values grew 1.5% in August 2021....
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Property Market Experiences 16.1% Lift
Housing values rose 1.6% in July 2021. This increase takes Australia’s housing values 16.1% higher over the past 12 months and 14.1% higher over the first seven months of calendar 2021. CoreLogic research director Tim Lawless says, “The 16.1% lift in national housing...
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Property Prices Surge 13.5% In 2020-21; Highest Growth Rate Since 2004
Property prices rose 1.9% in June. All of the capital cities experienced a rise in property values. Perth had the smallest increase, at 0.2%, and Hobart’s 3% was the largest. Sydney had a 2.6% increase while Melbourne had a 1.5% increase. Regional Australia’s 2% price growth...
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Buying An Apartment Vs Buying A House In 2021
The price gap in buying an apartment vs buying a house in Australia has increased more than ever. For months, the property market in Australia has been witnessing a continued spike in demand for houses. The primary factor for the hike is the rise in work from home culture, which...
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Where Are The Investment Opportunities In Regional Australia?
In the past six months, the value of investor loans increased by 48.1%, compared with a 29.7% increase for owner-occupier loans. Investors are becoming more active in the property market. In the March 2021 quarter alone, investment lending for houses surged by 28.7%, while...
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Property Still Booming, As Values Rise 2.2% In May
CoreLogic data shows that the home value index for May was up 2.2%. The rise in May was stronger than in April, when prices rose by 1.8%. However, the rise is still weaker than the 32-year-high recorded in March 2021, which was 2.8%. The combined capital city home values rose...
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Family Home Guarantee – Is It Accessible By The Lower Class?
The new Family Home Guarantee scheme, allows single parents to buy a property with as little as a 2% deposit. The government acts as a guarantor to waive the need for the lender’s mortgage insurance. However, single parents fear that they could struggle to be approved for a...
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Property Market Growth Has Peaked | Where Can You Buy?
According to CoreLogic, while property prices are still rising, the pace of growth slowed in April 2021. Tim Lawless, Head of Research at CoreLogic comments, “The slowdown in housing value appreciation is unsurprising, given the rapid rate of growth seen over the past six...
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