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Since 2008 only four capital cities have recorded real growth in home values

With the Australian Bureau of Statistics releasing the Consumer Price Index for the December 2016 quarter recently, using the CoreLogic Home Value Index we can adjust changes in dwelling values for the effects of inflation.  The value of looking at inflation-adjusted or ‘real’ home value changes is that it highlights whether housing values are moving […]

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Real home values have continued to surge in Sydney and Melbourne

Earlier this week the Australian Bureau of Statistics (ABS) released consumer price index (CPI) data for the June 2016 quarter.  The data showed that inflation rose by 0.4% over the quarter, however over the 12 months to June 2016, inflation has only increased by 1.0%, its lowest annual increase since June 1999. From a housing […]

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Inflation adjusted home values lower than previous peaks in all cities other than Sydney and Melbourne

The Consumer Price Index (CPI) data was released by the Australian Bureau of Statistics (ABS) for the March 2016 quarter earlier this week.  The headline measure of CPI was extremely weak over the quarter, falling by -0.2% to be just 1.3% higher over the past 12 months.  The -0.2% quarterly fall was the weakest result […]

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Why it could be Hobart’s time to shine

The Hobart housing market has been the nation’s weakest performing capital city housing market for more than a decade.  There are now signs that the Hobart (and Tasmania’s) housing market may be in line for a steady improvement. Over the 12 months to March 2016, home values in Hobart have increased by 4.8% while over […]

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Sydney and Melbourne are the only capital cities with any significant increase in inflation adjusted home values over recent years

Yesterday the Australian Bureau of Statistics (ABS) released its quarterly Consumer Price Index (CPI) data for the December 2015 quarter.  The data showed that inflationary pressures remain very low with headline inflation rising 1.7% over the year and core inflation (underlying inflation) increasing by 2.0% over the past year, which is right at the lower end […]

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The different segments of the market are seeing quite different magnitudes of value changes

Housing markets show different performances geographically as well as across product types and pricing points.  Across the capital cities, a useful measure of capital gain across broad price points is our stratified hedonic index.  The CoreLogic RP Data Stratified Hedonic Index looks at the movement in home values across three broad value based segments of […]

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Real home values still well below previous peaks outside of Sydney and Melbourne

Consumer Price Index (CPI) or inflation data for the June 2015 quarter was released earlier this week by the Australian Bureau of Statistics (ABS).  The data showed that over the quarter headline inflation increased by 0.7% and it was 1.5% higher over the year.  Inflation is quite low at the moment and it is being […]

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Australian property, expensive for us, not so for foreigners

With plenty of talk about a housing bubble and home values climbing much higher in Sydney and Melbourne, housing is looking expensive to many Australians.  Low interest rates and the strong gains in certain areas are making residential housing investment quite attractive for some which is one of the drivers resulting in increasing home values.  […]

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Outlook for 2015-16 financial year

So where have we been? Over the first 11 months of the 2014-15 financial year, combined capital city home values have risen by 7.5% according to the CoreLogic RP Data Home Value Index.  The Index is weighted based on the number of dwellings in each city and looking more closely at the results only Sydney […]

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Some ideas about measuring the relativity of housing costs

Measuring the cost of housing and housing affordability is such an abstract idea because it is not a one size fits all measure and there are so many factors which contribute to affordability or unaffordability. Most of the common measures have one or a number of glowing weaknesses which I will cover. Interest rates What […]

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