Invest
House prices on the up and up
Despite efforts by APRA to cool lending to property investors, new data from CoreLogic shows Australian house prices are continuing to grow.
House prices on the up and up
Despite efforts by APRA to cool lending to property investors, new data from CoreLogic shows Australian house prices are continuing to grow.
Home values maintain their upward shift this week in all but one capital city, with Perth the only one bucking the trend, according to the latest CoreLogic data.
Combined, the daily home value index grew by 0.3 per cent in the week ending 13 August.
Perth fell by 0.4 per cent, while all of Sydney, Melbourne, Brisbane and Adelaide grew by 0.5 per cent, 0.1 per cent, 0.2 per cent and 0.6 per cent, respectively, CoreLogic’s Property Market Indicator data shows.
The monthly index was up by 0.3 per cent for the week. It rose by 10.6 per cent for the year. Sydney and Melbourne remain the main drivers at 12.7 per cent and 15.8 per cent.
Listings tailed slightly across the country’s capital cities for the week, although Sydney performed well. Sydney climbed by 10.9 per cent, but Perth, Hobart and Darwin all fell substantially by 11.3 per cent, 11.6 per cent and 21.5 per cent, respectively.
Houses remained more popular than units, and the average time for houses on market rose marginally in most capital cities. Canberra and Melbourne fared best at 29 days each, but Brisbane, Adelaide and Perth all pulled the average skywards at 62 days, 63 days and 81 days, respectively.
Vendor discounting was between 4.7 per cent and 7.8 per cent for houses across most capital cities, and between 4.4 per cent and 6.8 per cent for units.
Canberra was the low-end exception for both houses and units, at 3.2 per cent and 3.8 per cent, respectively.
Darwin was the high-end exception for houses at 10.7 per cent, while Perth was the high-end exception for units at 9.8 per cent.
RELATED ARTICLES
Property
Retirement communities: a pivotal element in meeting Australia's housing targets
The Retirement Living Council (RLC) has recommended that retirement communities should be considered a vital part in the Australian Government's initiative to fulfill the Housing Australia Future Fund ...Read more
Property
Australians adjust financial strategies amid changing property market dynamics
The 2023 calendar year saw Australian borrowers acquiring a total of $300.9 billion in new loans for property purchases, marking a 12.7% decrease from the previous year. Read more
Property
Split home loans unlocking doors for Aussie buyers
Australians are teaming up to dive into the real estate market and seize the advantages of home ownership, with the trend of split home loans surging as family and friends unite to buy properties ...Read more
Property
Real estate investment: Spotting high-growth potentials
Investing in real estate has long been a favoured approach for Australians looking to grow their wealth. Read more
Property
Granny flats become Aussie families' cost-effective solution to soaring living costs
As the cost of living skyrockets, a forward-thinking trend is sweeping across Australia – granny flats are becoming a favoured living arrangement for older Aussies seeking comfort and proximity to ...Read more
Property
Homebuyers grapple with extended savings period amid affordability crisis
Gone are the days when an Australian dream home seemed just within reach. The path to homeownership in Australia has extended by at least two arduous years, as revealed by the latest insights from ...Read more
Property
Hybrid development unlocks new potential for NDIS housing in metro hotspots
In a ground-breaking strategy aimed at addressing the stark imbalance between the location of Specialist Disability Accommodation (SDA) developments and the actual areas of demand, Aligned Disability ...Read more
Property
Property prices boosted by housing policies: RBA
The central bank has outlined the “pervasive” impact that policy has on property. Read more
Property
Retirement communities: a pivotal element in meeting Australia's housing targets
The Retirement Living Council (RLC) has recommended that retirement communities should be considered a vital part in the Australian Government's initiative to fulfill the Housing Australia Future Fund ...Read more
Property
Australians adjust financial strategies amid changing property market dynamics
The 2023 calendar year saw Australian borrowers acquiring a total of $300.9 billion in new loans for property purchases, marking a 12.7% decrease from the previous year. Read more
Property
Split home loans unlocking doors for Aussie buyers
Australians are teaming up to dive into the real estate market and seize the advantages of home ownership, with the trend of split home loans surging as family and friends unite to buy properties ...Read more
Property
Real estate investment: Spotting high-growth potentials
Investing in real estate has long been a favoured approach for Australians looking to grow their wealth. Read more
Property
Granny flats become Aussie families' cost-effective solution to soaring living costs
As the cost of living skyrockets, a forward-thinking trend is sweeping across Australia – granny flats are becoming a favoured living arrangement for older Aussies seeking comfort and proximity to ...Read more
Property
Homebuyers grapple with extended savings period amid affordability crisis
Gone are the days when an Australian dream home seemed just within reach. The path to homeownership in Australia has extended by at least two arduous years, as revealed by the latest insights from ...Read more
Property
Hybrid development unlocks new potential for NDIS housing in metro hotspots
In a ground-breaking strategy aimed at addressing the stark imbalance between the location of Specialist Disability Accommodation (SDA) developments and the actual areas of demand, Aligned Disability ...Read more
Property
Property prices boosted by housing policies: RBA
The central bank has outlined the “pervasive” impact that policy has on property. Read more
