Market Update

Australian house and unit markets generally performed well over the October quarter, with the median house value increasing 3.05% over the quarter and unit growth of 1.06% in the same period, according to the Residex non-revised median valuation figures.

Growth was likely driven by a combination of low interest rates, relatively positive economic indicators and seasonal factors.

Table 1 displays the stats summary of Residex non-revised figures for the month ending 31st of October.

Table 1:Residex Non-Revised Stats Summary – October Data Continue reading »


Market Update

Table 1 presents the Residex non-revised growth in median values. These figures suggest the Australian house market grew 1.63% in the September quarter. Growth was driven almost entirely by a strong surge of 1.63% in the month of September, off the back of a slight decline in August. Annual performance of Australian houses was 3.31%, as opposed to 7.2% in the previous year.

Similarly, the median non-revised unit value across Australia experienced 1.27% growth in the September quarter, with 1.17% growth in the month of September alone. Unit values across Australia increased 3.96%.

Table 1: September 2016 Median Value Index Continue reading »


Market Update

The national housing market has recorded a slight decline in median house and unit values over August 2016 according to the Residex median value index. The falls in median values have been fairly broad-based across the country.  The August figures are detailed in Table 1 below (note that Residex median values are non-revisionary and are published monthly.  The methodology used to calculate median values is different to Residex’s quarterly repeat sales index).

Table 1: August 2016 Median Value Index Continue reading »


Market Update

Overall capital growth in median value houses across Australia was 3.98% over the three months ending July, which was largely driven by strong growth in the metropolitan and regional markets in New South Wales, Victoria and the Australian Capital Territory. Hobart houses also performed well with an increase of 1.05% in the July quarter, however regional Tasmania suffered a sharp decline of 3.18%. Table 1 shows the latest Residex data to the month of July.

Table 1: July 2016 Summary Continue reading »


Market Update

Overall, the Australian property market has generally performed well in the June quarter.

The Sydney, Melbourne and Brisbane markets saw strong gains over the June quarter, with the exception of Brisbane units – which were virtually unchanged. The resource markets in WA and NT continued their decline, however the pace of the declines has slowed. The June summary is presented in Table 1.

Table 1: June 2016 Summary Continue reading »


Market Update

May proved a relatively positive quarter for Australia’s housing market. A snapshot of the May statistics is presented in Table 1.

Of the house markets, the Hobart market recorded the strongest quarterly growth gains in May with the median house increasing in value by 2.59%. This was followed by Country NSW houses, which posted 2.39% growth for the quarter.

In the unit market, the median Hobart unit increased by a shocking 6.66% in the May quarter. Regional Queensland was a very distant second, where median units increased by 2.44% over the same time period.

Table 1: May 2016 Summary Continue reading »


Market Update

Headlines over the past few weeks have used words such as tightening, clamping and crunching when talking about the housing market and its affiliate institutions.

While a bearish approach to property is expected as we enter a downswing in the market cycle, further context and data are needed for a more grounded perspective.

Table 1 presents the statistics summary for April.

Table 1: April 2016 Summary Continue reading »


Market Update

The latest data and analysis of the Australian housing market reveals that 17 of our major dwelling markets recorded negative growth in the March quarter. Table 1 presents the latest statistics summary.

Table 1: February 2016 Summary Continue reading »


Housing Market in Slowdown

The latest data and analysis of the Australian housing market reveals an overall subdued or negative performance across the country. This is a likely result of a combination of things – such as restricted access to finance and sluggish economic performance, which in turn affects purchasing power and the confidence of buyers.

Table 1 presents the summary of growth, rent and sales data for February 2016, across the major housing markets.

Table 1: February 2016 Summary Continue reading »


Market Overview

Table 1 shows the capital growth, rent and sales summary for January 2016.

Table 1: January 2015 Summary Continue reading »

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