Invest
New modelling tips when housing price plummets will ease
As Australia’s property market charges towards its longest price correction in history, research experts are beginning to predict when the downturn will settle.
New modelling tips when housing price plummets will ease
As Australia’s property market charges towards its longest price correction in history, research experts are beginning to predict when the downturn will settle.
A research house expects the fall in residential property prices to “abate” in late 2019.
“[Our] models show, at least for the short term, that values are likely to continue trending lower, with the rate of decline easing later this year and into 2020,” CoreLogic said.
“Historically, market recoveries from their trough have generally been fairly rapid; however, the recoveries have generally been driven by lower interest rates or a mix of stimulus such as the first home buyers grant boost,” CoreLogic added.
These predictions are in line with those of accounting and advisory giant KPMG. Its chief economist believes values will start to pick up again in Melbourne and Sydney by 2020 and 2021, respectively.
Sydney and Melbourne have experienced the steepest declines in the current downturn, with the biggest price drops recorded since the GFC.
Making history
Since October 2017, prices nationally started dropping, residential property prices have fallen by 6.8 per cent on average.
This 16-month downturn in national home values is the second longest in history, according to CoreLogic.
“Since 1980, there have been eight separate housing market downturns,” CoreLogic said.
“National housing market downturns have [been] generally fairly short-lived with the current downturn of 16 months already the second longest with the 2010-12 decline running two months longer than the current downturn,” CoreLogic said.
RELATED ARTICLES
Stock market
ASX companies make strides amidst federal budget chatter
In a week dominated by discussions surrounding the recently released FY27 federal budget, the financial landscape witnessed significant activity, particularly among ASX-listed companiesRead more
Stock market
ASX small caps report mixed results amid market optimism
The latest flurry of quarterly activities reports from ASX-listed small cap companies has provided a snapshot of the diverse and dynamic landscape of Australia's financial market. As April came to a ...Read more
Stock market
Adisyn Limited and Brazilian Critical Minerals make significant strides in their respective sectors
In a landscape where Australia's Information Technology sector often plays second fiddle to global giants, Adisyn Limited (ASX: AI1) is making waves with its innovative advancements in graphene ...Read more
Stock market
Australia's ASX 200 Energy Index surges amid Iran conflict
Australia's ASX 200 Energy Index has surged nearly 20% since the onset of the Iran conflict, marking its highest level in three months. This development positions Australia as the only developed ...Read more
Stock market
Webull launches Webull Connect, revolutionising access for Australian financial advisers
In a significant move that marks its entry into the Australian wealth management sector, Webull Securities (Australia) Pty Ltd, a subsidiary of the Nasdaq-listed Webull Corporation, has unveiled its ...Read more
Stock market
Future Generation Global boosts dividends with special payout, marking significant yield increase
Future Generation Global (ASX: FGG) has announced a significant boost to its dividend offerings for the year 2025, delighting shareholders with an increased fully franked full-year dividend and an ...Read more
Stock market
6K Additive secures A$48 million through initial public offering on the Australian Stock Exchange
6K Additive, a prominent player in the advanced metal powders and alloy additions market, has made a significant stride by successfully completing its Initial Public Offering (IPO) on the Australian ...Read more
Stock market
Institutional investors increase stock allocations to 18-year high amid cautious market shifts
In a recent development, State Street Markets unveiled the findings of its latest State Street Institutional Investor Indicators, revealing intriguing shifts in institutional investor behaviourRead more
Stock market
ASX companies make strides amidst federal budget chatter
In a week dominated by discussions surrounding the recently released FY27 federal budget, the financial landscape witnessed significant activity, particularly among ASX-listed companiesRead more
Stock market
ASX small caps report mixed results amid market optimism
The latest flurry of quarterly activities reports from ASX-listed small cap companies has provided a snapshot of the diverse and dynamic landscape of Australia's financial market. As April came to a ...Read more
Stock market
Adisyn Limited and Brazilian Critical Minerals make significant strides in their respective sectors
In a landscape where Australia's Information Technology sector often plays second fiddle to global giants, Adisyn Limited (ASX: AI1) is making waves with its innovative advancements in graphene ...Read more
Stock market
Australia's ASX 200 Energy Index surges amid Iran conflict
Australia's ASX 200 Energy Index has surged nearly 20% since the onset of the Iran conflict, marking its highest level in three months. This development positions Australia as the only developed ...Read more
Stock market
Webull launches Webull Connect, revolutionising access for Australian financial advisers
In a significant move that marks its entry into the Australian wealth management sector, Webull Securities (Australia) Pty Ltd, a subsidiary of the Nasdaq-listed Webull Corporation, has unveiled its ...Read more
Stock market
Future Generation Global boosts dividends with special payout, marking significant yield increase
Future Generation Global (ASX: FGG) has announced a significant boost to its dividend offerings for the year 2025, delighting shareholders with an increased fully franked full-year dividend and an ...Read more
Stock market
6K Additive secures A$48 million through initial public offering on the Australian Stock Exchange
6K Additive, a prominent player in the advanced metal powders and alloy additions market, has made a significant stride by successfully completing its Initial Public Offering (IPO) on the Australian ...Read more
Stock market
Institutional investors increase stock allocations to 18-year high amid cautious market shifts
In a recent development, State Street Markets unveiled the findings of its latest State Street Institutional Investor Indicators, revealing intriguing shifts in institutional investor behaviourRead more
