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Australians continue to choose to move to Victoria

Demographic data from the Australian Bureau of Statistics (ABS) showed that Australia’s estimated resident population was 24,220,192 persons at the end of September 2016.  Overt the 12 months to September 2016 the national population increased by 1.5% or by 348,695 persons.  The 1.5% growth in the population was the largest annual rise since September 2014 […]

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Investors have historically outweighed first home buyers, but the spread in market participation has never been this wide

Over recent years the level of investor participation in the national housing market has hit historic high levels and at the same time, housing finance commitments to owner occupier first time buyers has shrunk.  As an example, January 2017 housing finance data shows that based on the total value of housing finance commitments, a record-low […]

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The investor surge continues at the expense of first home buyers

Housing finance data for January 2017 was released earlier today by the Australian Bureau of Statistics (ABS).  The data showed the over the month there was $33.9 billion in housing finance commitments which was 1.5% higher than the previous month.  The value of housing finance commitments in January 2017 was 11.0% higher than it was […]

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Deteriorating housing affordability in Sydney and Melbourne due to both demand and supply

Housing affordability is becoming a very hot political topic at the moment and it is no wonder why.  When we look at the latest CoreLogic Home Value Index results for February 2017, they show that combined capital city home values increased by 1.4% taking them 11.7% higher over the past year.  Since the end of […]

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New house approvals now start to fade

Building approvals data for January 2017 was released earlier today by the Australian Bureau of Statistics.  According to the release there were 17,412 dwellings approved for construction over the month which was 1.8% higher over the month but -12.0% lower year-on-year.  In January 2017, the 17,412 dwellings approved for construction was 19.1% lower than its […]

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Capital city vacant land selling prices continue to rise as prices fall in regional Australia

The median selling price of vacant land continued to climb in capital city markets throughout 2016 while in regional areas prices have fallen.  The other big shift over the past 12 months has been the fairly significant increase in lot sizes after they have trended lower over many years. Throughout 2016, the median selling price […]

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Tourism boom: Short-term arrivals to Australia continue to grow at a faster pace than short-term departures, providing good news for the tourism sector

Earlier today the Australian Bureau of Statistics released overseas arrivals and departures data for December 2016.  The data is important because it provides insight around how many people are coming to and leaving from Australia.  It also provides some insight into where they come from, why they are coming to Australia, how long they intend […]

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Mortgage demand for established housing stock continues to climb

Housing finance data for December 2016 was released earlier today by the Australian Bureau of Statistics.  Demand for mortgage finance continues to increase over the month reflective of the ongoing growth in home values currently being experienced. Unlike the rest of the charts throughout this post, the above chart does not use seasonally adjusted figures.  […]

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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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New lending to investors in New South Wales has accounted for more than half of all new lending for 42 of the past 48 months

The Australian Bureau of Statistics (ABS) released lending finance data earlier today and when it is paired with the earlier housing finance data release, the figures provide insight into the value of mortgage lending over the month in each state and territory.  Over recent months investor demand for mortgages has been trending higher and this […]

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