Andrew Skelton. Real Estate Agent. Robina Realty, Qld 4226

10/04/2024

06/04/2024

Congratulations Jon 👏👏

04/04/2024

Congratulations Chris 👏👏

02/04/2024

In today's Pulse, Economist Kaytlin Ezzy delves into the performance of Australia's housing market, examining values and rents across our capital markets and regional areas.

Over the past 12 months, CoreLogic’s Home Value Index has risen 8.9%, adding the equivalent of approximately $63,000 to the national median dwelling value ($765,762) and taking the index to a new all-time high in February.

A recent suburb-level analysis using CoreLogic’s interactive Mapping the Market tool found that 88.4% (4,087) of the 4,625 house and unit markets analysed nationally saw values rise over the year. This is up from just 52.9% of markets studied in July 23 (2,456/4,640), recording positive annual growth and up from the 39.1% assessed in February 2023 (1,851/4,732).

CoreLogic Economist Kaytlin Ezzy says the broad-based capital gains seen over the past year reflect the ongoing imbalance between housing supply and demand, which has helped to counteract the less favourable market and affordability conditions.

“Despite three rate hikes, worsening affordability, and the rising cost of living, the increasingly entrenched undersupply in housing stock, and above average demand thanks to strong net migration, has helped push values higher.”

31/03/2024

27/03/2024