Monthly Housing & Economic Chart Pack, November PLUS Big News for POSITIVE INCOME PROPERTIES

This month’s chart pack has been written by the Core Logic Research Team. Included below is a detailed overview of the key findings covered in this month’s report.

Based on the data dot points below it looks to be that prices are increasing, the cost of finance is at an all-time low, and people are not selling so stock is getting lower and harder to find.

How do you take advantage of the low finance and increasing prices with reduced stock? BUILD. We have over 200 dual key properties and have now arranged to start listing single living residences.

WHY? Because with the low interest rates and increasing rental returns these properties now have Positive Income.

Monthly highlights:

  • National dwelling values recorded their fourth consecutive month of growth in October, taking dwelling values 2.9% higher over the past three months.

  • Combined capital city dwelling values were 3.6% higher over the three months ending October and combined regional market values were up 0.5%.

  • In the three months ending October 2019, dwelling values were higher quarterly across Adelaide (0.4%), Canberra (2.4%), Hobart (1.0%), Brisbane (1.1%), Melbourne (5.5%) and Sydney (5.0%), while Darwin (-1.2%) and Perth (-1.7%) values were lower.

  • The annual rate of decline in housing values saw further improvement in October across each of the broad regions. Over the past year, combined capital city dwelling values were -2.4% lower over the year and combined regional market values were -1.9% lower.

  • Our estimate of settled sales is down -10.5% year on year nationally, with sales volumes lower year on year across all capital cities and rest of state regions, with the exception of Darwin where sales volumes are up 4.2% yearly.

  • National rental rates were flat over the month to October, however the annual rate of rental growth is still trending slightly higher

  • Rental yields are once again trending lower, with dwelling values now trending higher and rents generally soft.

  • The median selling time has trended lower over the October quarter across both the Combined capital cities and Combined regional markets as market conditions improve. Vendor discounting rates are continuing to ease as buyers lose some leverage.

  • The volume of stock for sale remains lower than it was a year ago with new stock being listed for sale 12% lower nationally.

  • Auction markets have strengthened with clearance rates remaining above 70% for most week’s since mid-Sept and volumes trending higher through spring

  • High migration rates are continuing to push the national population higher, with growth of 1.6% over the 12 months ending March 2019.

  • Approved housing supply has been trending lower since late 2017, roughly in line with the peak in housing values.

  • Housing credit is expanding at a historically slow pace with investment credit growth falling in July and August.

  • The value of lending to both investors and owner-occupiers increased in August, with the value of owner-occupier loans up 1.9% and investor loans up a higher 5.7%, however investors still comprise a lower than average share of mortgage demand.

  • Official interest rates were cut by 75 basis point between June and October, mortgage rates are tracking at the lower level since the 1950s.


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