Archive for November, 2019

The latest data from the Commonwealth Bank Household Spending Intentions (HSI) series released today shows the sharp increase in home buying intentions is continuing. After a measly two-year downturn, homebuyers now appear to be back in a big way. The proportion of Australians planning on purchasing a house is all-time highs, propelled on by three rate cuts according to the latest Commonwealth Bank research. Beyond housing, the overall picture is one of a gentle upturn in consumer spending intentions. CBA’s Chief Economist Michael Blythe said the sharp upswing in home buying intentions continues and intentions are now approaching the record highs... View article »

Australia’s reorientation to apartment living, fuelled partially by young couples delaying families, the lifestyle-oriented boomers downsizing and increasingly more lone-person households; but is this the whole story? It is certainly true that lone-person households are far more prevalent than most Australians realise. Out of the 9.9 million households in Australia reported during the 2016 census, more than 2 million of them (a quarter of all homes) were occupied by a sole person. Lone person households are the largest group of apartment dwellers; however, three-quarters of lone person households are still in either a detached house, attached house or townhouse. The next largest... View article »

National residential property listings increased in October by 2%, according to figures from SQM Research. They ticked to 321,754, up from 318,874 in September. Listings are still down nearly -5% compared to 12 months ago. All states were up over October, apart from Darwin where listings dropped -2.4%. The biggest jump was in Sydney, with listings up over 4% in October, however the harbour capital also has the biggest gap to its stock levels last year, down -19%. Canberra saw the second highest stock level increase, just behind Sydney, to be one of just three capitals with stock levels higher than they were... View article »

Melbourne house values soared a massive 2.4 per cent over October, leaving Sydney trailing in its wake, according to CoreLogic. Melbourne's huge success over the month also took its quarterly gains higher than Sydney, posting 5.7 per cent gains. Sydney house values were up another 1.8 per cent in October, with quarterly gains of 5.3 per cent. The October price surge in houses is the biggest month-on-month gain since May 2015.   Nationally dwelling prices were up 1.2 per cent across all capitals and territories, the fourth month in a row of dwelling value gains. Perth was the only capital not to see... View article »