NEWS

Demand for housing is driving property prices in Melbourne.  Demand is being accelerated by record levels of interstate migration, very high levels of international immigration and strong international student growth. Melbourne and Sydney combined have had over 70% of the job growth in Australia in the last year.  Many of those from the mining boom […]

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The latest demographic data release from the Australian Bureau of Statistics (ABS) shows a big jump in net overseas migration over the first quarter of 2017.  The 86,595 increase in net overseas migration throughout the March 2017 quarter was the largest quarterly increase since March 2009 (88,696).  The quarterly rate of net overseas migration was […]

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The Australian Bureau of Statistics (ABS) released their biennial survey of household income and wealth earlier this week.  The release has a huge amount of valuable data but at least initially I thought it was pertinent to look at the dwelling tenure data.  The information is provided from 1994-95 up until the latest release (2015-16). […]

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The ongoing increases in dwelling values over recent years has led to a significant reduction in the proportion of sales occurring below $400,000. In last week’s Property Pulse we looked at the proportion of dwellings selling for at least $1 million and showed how it has increased significantly over recent years.  This week we look […]

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Settled sales data indicates that although transactions are lower over the year across the combined capital cities the number of sales is beginning to stabilise. Property transactions are an important component of the housing market, particularly for participants such as real estate agents and mortgage brokers that rely on turnover for their commission.  Furthermore, transactions […]

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The 2016 Census data provides the opportunity to look at the areas across the nation which have had the highest proportion of rental properties. The 2016 Census showed that 30.9% of residential properties nationally were rented.  The proportion of properties rented has been trending higher, increasing from 29.6% at the time of the 2011 Census […]

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The latest demographic data from the Australian Bureau of Statistics (ABS) shows a rapid rate of population growth with migration the key driver. The December 2016 quarter demographic data shows that at the end of 2016 the national population was estimated to be 24.4 million persons which had increased by 1.6% over the year.  The […]

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The 2016 Census data reveals how people are dealing with unaffordable housing in the capital cities. While wage growth sits at a record low 1.9% against higher costs in basic needs like housing and health, and consumer confidence hits a 12 month low of 96.23, it is no wonder that people are paying more attention […]

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Despite a seasonally strong result over the month of June, the CoreLogic Hedonic Home Value series shows capital gains over the second quarter of 2017 is losing steam. The CoreLogic Home Value Index recorded a recovery from the 1.1% fall in May, with a 1.8% rise in capital city dwelling values over the month of […]

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By 2050 it is forecast that 70% of the people on the planet will be living in urban cities.  This is not like the historic shift of the industrial revolution where masses of people moved to the new cities to earn a living.  Most of these people have no jobs.  They are fleeing repeated natural […]

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