Real Estate Service

CoreLogic’s Cordell Construction Cost Index (CCCI) ended the year at a new high, climbing 11.9% over the 2022 calendar year, the largest annual increase on record, excluding the period impacted by the introduction of the GST. Q4 key highlights– The Cordell Construction Cost Index (CCCI) rose by 11.9% over the 12 months to December 2022– December quarterly growth rate of 1.9% was less than half the …

The CoreLogic Daily Home Value Index (HVI) hit a record decline of -8.40% on 7 January 2023 after peaking on 7 May 2022. The result takes the national housing downturn into new territory, breaking the previous record in peak-to-trough declines, when home values fell -8.38% between October 2017 and June 2019. While the housing downturn between 2017 and 2019 lasted 20 months, the new record-breaking price falls …

After the monthly rate of decline moderated between September and November, housing markets finished the year on a weaker note, with CoreLogic’s national Home Value Index falling -1.1% in December, taking values -5.3% lower over the 2022 calendar year. The re-acceleration in the downwards trend was mostly driven by a worsening in the monthly rate of decline across Melbourne (which lifted 40 basis points between November’s …

CoreLogic is expecting to see fewer auctions as we approach the festive season. With 2,373 homes currently scheduled for auction across the combined capital cities this week, auction activity is down -12.7% from last week (2,717), and -50.4% lower than the same week last year (4,783). Brisbane, Perth and Tasmania are set to see an increase in the volume of auctions over the week, while …

There are 2,719 homes currently scheduled for auction across the combined capital cities this week, rising for the fifth consecutive week and marking the busiest auction week since late-May (3,226). While auction volumes are up 7.2% week-on-week (2,537), the same week last year saw a record-breaking 4,981 homes taken to auction across the combined capital cities – the busiest auction week since CoreLogic records commenced in …

Today the RBA increased the cash rate a further 25 basis points to 3.10%, marking the largest rate tightening cycle since the early 2000s at 300 basis points. A cash rate of 3.1% is the highest target adopted in 10 years. The increase follows signaling from the RBA it is committed to tackling the “scourge” of inflation, which has been shown to create lasting, detrimental …

Auction activity across the combined capitals continues to rise, with 2,579 homes set to go under the hammer this week. Continuing the upward trend seen over the past four weeks, this week’s auction volumes are expected to rise 6.8%, overtaking last week (2,414) as the capital’s busiest week since mid-June (2,528). While up week on week, this week’s scheduled auction activity is -37.9% lower than …

CoreLogic’s national Home Value Index (HVI) moved through a seventh month of decline in November, down -1.0% over the month to be -7.0%, or approximately -$53,400, below the peak value recorded in April 2022. The decline comes after national housing values surged 28.6% higher through the recent upswing, adding roughly $170,700 to the value of the average dwelling. Although values are continuing to trend lower, …

Many recent home buyers who have come off COVID-sweetened fixed-rate home loans are in for a financial shock as they face as much as a 50% hike in their monthly mortgage repayments. Over $380 billion in home loans have been refinanced since the start of the pandemic, peaking in August 2021 when multi-year fixed rates were at record lows of about 2%. Since then, however, …

The number of suburbs in Australia’s million-dollar club has shrunk considerably in the past six months as the weight of rising inflation, consecutive rate hikes and falling property values takes its toll. Since April, the median value in 169 suburbs around the country have dropped below seven figures while only seven suburbs across capital cities and regional areas have increased in value to $1 million …

Auction activity continues to rise with 2,465 homes currently scheduled for auction across the combined capital cities this week, the busiest auction week since mid-June (2,528). While this week’s scheduled auction activity is up 7.3% on last week’s numbers (2,298), it is -42.0% lower than this time last year when CoreLogic recorded its third busiest auction week since records commenced in 2008 (4,251). Melbourne auction volumes …

Realty Media Group has announced a partnership with one of Australia’s leading real estate CRM’s to have its proprietary automated marketing platform, RealtyAds, fully integrated into the LockedOn suite of features for real estate agencies. Realty Media Group CEO Troy Rushton said this integration will enable agents using the LockedOn platform to fully automate their property marketing and to be able to offer sellers the …

How and where do you find the best cash flow properties and locations across the country? Respected data analyst Kent Lardner joins us to show you the way with his weekly cash flow reports. Recent Qld tenancy legislation reforms have made significant changes to periodic tenancies. Leading property manager Jamie-Lee...

Auction activity is set to rise across the combined capital cities this week with 2,326 homes currently scheduled for auction, up 7.2% from last week when 2,170 auctions were held. This week’s scheduled auction activity is -37.5% lower than the same week last year when 3,720 auctions were held across the combined capital cities. Over the coming weeks, it is likely auction volumes will remain significantly …

For many years there has been a perception that an SMSF can’t build or develop a property, but is this really the case, and if you can, how do you do it? Leading SMSF specialist Darren Kingdon joins Bushy to discuss cleanskin property and lending rules.

The COVID-induced boom for Australia’s regional housing market has burst, with several regional markets that had the strongest value growth through the upswing now among the fastest declining markets, said CoreLogic. The Regional Market Update, which examines Australia’s 25 largest non-capital city regions, shows house values in six of the most popular lifestyle markets recorded falls of -6% or more last quarter, including Richmond-Tweed (-11.7%), Southern Highlands …