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CoreLogic Econ



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

Cameron Kusher    |    International

percent of total value of housing

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 7.1% of commitments were to owner occupier first...

Investor lending picks-up in June

Cameron Kusher    |    International

Components of housing finance

The Australian Bureau of Statistics released housing finance data for June 2016 earlier this week. The data showed that the value of housing finance commitments was recorded at $32.6 billion which was the highest value since August 2015 but still -2.1% lower than its record high of $33.3 billion in April 2015.

Looking at the split between owner occupier and investor lending in...

Dwelling approvals continue to trend lower but remain at elevated levels

Cameron Kusher    |    International

Monthly House

The Australian Bureau of Statistics (ABS) released building approvals data for June 2016 earlier today. Over the month there were 18,693 dwellings approved for construction nationally. National dwelling approvals are currently 26% higher than the decade average. Although this represents a very high volume of approvals, it was -2.9% lower over the month, -5.9% lower year-on-year and the...

Real home values have continued to surge in Sydney and Melbourne

Cameron Kusher    |    International

Real vs. nominal annual change

Earlier this week the Australian Bureau of Statistics (ABS) released consumer price index (CPI) data for the June 2016 quarter. The data showed that inflation rose by 0.4% over the quarter, however over the 12 months to June 2016, inflation has only increased by 1.0%, its lowest annual increase since June 1999.

From a housing market perspective, the housing category of CPI...

$2 million dollar dwelling sales becoming more common as home values move into their fourth year of growth

Tim Lawless    |    International

Annual Number of Sales

With the national housing market having experienced more than four years of ongoing value rises, affordability in certain areas is deteriorating and sales that were once considered to be at the top end of the market are now becoming more common. With housing becoming more expensive, there has been a substantial rise in the number of homes selling for, or in excess of, $2...