21 April 2020 | Daily Top Story: Australian house prices will fall by 10% in just six months, according to Commonwealth Bank forecasts

Australian house prices are set to dip amid the coronavirus. The Commonwealth Bank has revised its property forecasts downwards, stating the coronavirus will have “profound short-term consequences” for the market. Australia’s largest bank expects prices to fall 10% nationally, with Sydney and Melbourne to be amongst the worst-affected. After the fall, its forecasts point to […]

03 April 2020 | Daily Top Story: Housing Values Continued To Rise In March – Conditions Expected To Cool Over Comings Months As Buyers And Sellers Wait For Confidence To Return

  The trend in housing values remained positive throughout March, with the CoreLogic national hedonic index rising 0.7% over the month. Although housing values continued to rise, the second half of the month experienced a weakening in the growth trend as confidence slumped and social distancing policies took effect.  The national March reading emerged as […]

08 November 2019 | Daily Top Story: Dwelling Values Rise In October, The Fourth Consecutive Month Of Growth In The National Index, Taking Australian Dwelling Values 2.9% Higher Since Finding A Floor In June

The CoreLogic Home Value Index results for October out today confirm a 1.2% rise in national dwelling values over the month, delivering the fourth straight month of rising values.  The October result was the largest month-on-month gain in the national index since May 2015.  The recent gains come after a broad-based decline in housing values, with […]

07 November 2019 | Daily Top Story: Sharp dive in engineering building: PCI

Residential buildings in Brisbane – AAP Engineering construction work fell at its sharpest rate in six years in October, according to an industry survey that also recorded continued contraction in house and apartment building activity. The Australian Industry Group/Housing Industry Association Performance of Construction Index (PCI) report released on Thursday said activity rose 1.3 points […]