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 […]
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 […]
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 […]
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 […]
“With recent record high levels of new housing construction and investor mortgage activity, the supply of housing stock available for rent is climbing and is expected to continue to increase.” Australia has a growing population and the people moving to Australia need to be housed somewhere. Over recent years the uplift in population growth has […]
Overview The Reserve Bank Board meets next week on March 7. We can be certain that the decision from the Board will be to hold rates steady. Recall the comments from the Governor in his answer to a question during his appearance before the House of Representatives Standing Committee on Economics, “At the moment the […]
“2017 Valuer-General’s property market movement report provides a snapshot of the Queensland property market in the local government areas that were valued in 2017. The report includes residential, rural-residential, multi-unit, commercial, industrial and rural property markets.” Click here to read the details: https://publications.qld.gov.au/dataset/valuer-general-s-property-market-movement-report/resource/f4a78171-3068-41e7-be65-5a7be52530fc https://www.dnrm.qld.gov.au/__data/assets/pdf_file/0017/1226312/2017-property-market-movement-report-hires.pdf
“Across the individual capital cities, the market performance has been quite diverse.” The national housing market has continued to show growth over the past quarter with capital city home values increasing by a further 2.7% according to the CoreLogic Home Value Index. The increase in values has taken the total value of residential property nationally […]
“Capital gains accelerated over the past year, taking the calendar year growth rate to the fastest pace since 2009, according to the December CoreLogic Home Value Index.” December 2016 saw capital city dwelling values rise by 1.4%, taking the annual capital gain for 2016 to 10.9%; the highest growth rate for a calendar year since […]
“The Mapping the Market Report highlights the market performance across individual regions and suburbs across a capital city.” The Mapping the Market Report is published quarterly and is a series of thematic maps highlighting the following statistics for houses and units: Median values 12 month change in median values Median rental rates 12 month change […]