The Australian Bureau of Statistics October dwelling approvals data likely marks a significant turning point for unit supply, with the latest numbers showing unit approvals have plunged to their lowest levels in 2 years. The October data showed unit approvals have consistently trended lower since reaching a recent high point in July earlier this year. […]
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Building approvals data for September 2016 was released earlier this week from the Australian Bureau of Statistics (ABS). In September, there were 18,945 dwellings approved for construction nationally which was the fewest monthly approvals since November 2015. Dwelling approvals fell by -8.7% over the month and were -6.4% lower year-on-year. Looking specifically at house approvals, […]
Earlier this week, housing finance data for August 2016 was released by the Australian Bureau of Statistics (ABS). Over the month there was $31.4 billion worth of housing finance commitments which was -1.0% lower over the month and -5.1% lower than it was at its peak in April 2015. The $31.4 billion worth of commitments […]
The housing market appears to be responding to a number of factors which have spurred further growth in home values. Official interest rates are at historic low levels which has encouraged borrowing for housing and driven housing debt to record-high levels. The low interest rate setting is also seeing significant competition amongst lenders which has […]
Earlier today the Australian Bureau of Statistics (ABS) published building approvals data for January 2016. The monthly data release provides valuable insight into just how many new dwellings are being approved for construction. Based on today’s data release there were 17,446 houses and units approved for construction in January 2015. Dwelling approvals are now -15.1% […]
The Australian Bureau of Statistics (ABS) released housing finance data for September 2015 earlier this week. The broad housing finance trends show that demand from the owner occupier segment of lending is falling while demand from investors fades. Of course since late December last year we have seen limits come into effect regarding annual investment […]
The Australian Bureau of Statistics (ABS) published building approvals data for August 2015 earlier this week. The data showed a month-on-month fall in approvals driven by a sharp drop in the number of unit approvals. Keep in mind that unit approvals tend to be much more volatile than house approvals on a monthly basis. Over […]
Last week the Reserve Bank’s (RBA) Head of Financial Stability Luci Ellis gave an interesting speech entitled ‘Property Markets and Financial Stability: What We Know So Far,’ the speech can be downloaded here. In my opinion one of the more interesting pieces of analysis in the speech was the analysis of inner city housing prices […]
Sales data over the 12 months to March 2015 shows that there have been fewer homes sold across the combined capital cities for less than $200,000 than there have been homes sold for more than $1 million. As you would expect there is a growing proportion of sales in excess of $1 million in Sydney and […]
Key points Vendor discount is great metric for buyers and sellers Springvale was the most highly discounted suburb in 2014* Million dollar suburbs dominated the highest discounts in 2009* One of the more interesting property market metrics tracked by CoreLogic RP Data is the average vendor discount. It shows the difference between the advertised price […]
CoreLogic RP Data is Australia's #1 Property Information Provider. Our blog is maintained by CoreLogic RP Data’s research director, Tim Lawless and Cameron Kusher who is CoreLogic RP Data’s senior research analyst. We hope you find the information we post here useful and we welcome your comments and feedback.
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