House sales provide better gains than apartment sales

House owners have a greater chance of making a gain on the sale of their property than apartment owners. And owner occupiers do better when they sell than investors. Residential property researcher CoreLogic reports that during the September quarter 90…

Housing market to maintain momentum in 2020

Lower interest rates and the loosening of mortgage serviceability tests will see Australian residential property prices continue to rise throughout 2020, according to new research. The latest forecast from Macquarie Wealth Management is for national dwelling prices to rise a…

Rental income falls in the September quarter

House prices have started to rise again but rents have not. Rents fell 0.2 per cent in the capital cities in September – the third consecutive month of falls. According to the latest CoreLogic Quarterly Rental Review, rents were down…

Millenials plan to stay with mum and dad longer

Young adults are planning to live longer in their parents’ home because they cannot afford to buy their own place, according to CoreLogic’s Perceptions of Housing Affordability 2019. Thirty-four per cent of adult Australians living with their parents think they…

Look to the bush for booming rental yields

Residential property investors seeking high rental yields should consider seeking out rural areas instead of capital cities, a leading property analyst says. CoreLogic’s latest Top Rental Performers Report reveals the top performing suburbs over the 12 months to the end…

Low volumes raise questions about housing recovery

Some commentators have questioned the sustainability of the residential property market recovery because it is based on very low sales volumes. If and when stock levels rise, conditions may weaken again. CoreLogic research analyst Cameron Kusher says that may prove…

Rising residential property rental yields an opportunity

Residential property researcher CoreLogic says investors in the sector typically target capital growth but more may focus on rental income in the current ultra-low rate environment. However, it warns that conditions for rental yields are mixed. The residential property rental…

Good news for borrowers, as APRA removes lending floor

The Australian Prudential Regulation Authority has confirmed that it will drop the requirement that lenders assess home loan applications using a minimum interest rate of 7 per cent. Commentators say there will be a positive impact for borrowers but it…

Kavanagh

If we accept the proposition that the slowdown in mortgage lending over the past couple of years has been a big factor in the fall in house prices, then the latest mortgage market figures suggest the residential property market recovery…

No house price pick-up this year

In another sign of weakness for the housing market, the Australian Bureau of Statistics reported last week that the value of new housing finance fell 2.5 per cent in November – a heavy fall that continues the trend of the…