CoreLogic Australia

We are incredibly grateful to be named a finalist in the inaugural Australian AI Awards, in the category of AI Innovator - Real Estate, for our work with RiTA, our real estate customer nurturing solution. At the heart of everything we do is a commitment to helping real estate professionals better serve their clients. With recent advancements in RiTA’s AI capabilities, we’ve enhanced how agents can engage with their contacts, tailoring conversations based on detailed insights. Whether someone is considering selling, planning for the future, or recently sold, RiTA is designed to foster meaningful connections that lead to better outcomes for both agents and their clients. Congratulations to our peers who have also been nominated and thank you to everyone who has been part of this journey with us. REB (Real Estate Business) Cyber Daily Momentum Media #RealEstate #AI #CoreLogicAU

Dwelling approvals continue to show a concerning vacuum in future housing supply – just one of many factors that will no doubt put further pressure on the ambitious target to build 1.2 million homes by 2029. That’s one of the key findings from the latest Australian Housing Accessibility Challenge report, developed in partnership with NAB. What’s needed, according to Andrew Irvine is urgency and innovation in construction and the right type of housing, together with action from government, construction and building companies, banks and our communities. Read more on the NAB website: https://lnkd.in/ghj_phSR Eliza Owen Mark Browning #CoreLogicAU #Housing #Supply #Construction

There’s been some big proposals in Australian housing policy this week: 🏗️ A $5B pledge for development infrastructure from the Coalition 🏢 New high-rise development zones from the Victorian Government 🏠 12-month stamp duty break on new townhouse and unit purchases in Victoria What impact could these have on the market? CoreLogic’s Head of Research Eliza Owen breaks it all down. Read her full analysis at CoreLogic News: https://ow.ly/pKMJ50TRkep #CoreLogicAU #housing #supply #demand

Our Energy Efficiency Portfolio Analytics solution has a simple but ambitious goal: produce an estimate of heating and cooling loads, and an energy efficiency star rating for Australia’s 11 million homes. Launched last year it utilises CSIRO's RapidRate technology and aims to help Australians reduce emissions, and translate to longer-term energy and cost savings on their energy bills – while also helping achieve net zero emissions by 2050. We are incredibly grateful to be recognised by the The Australian Financial Review Energy Awards as a finalist in the Innovation: Established category. We’re looking forward to working with our partners and clients to contribute to more efficient, sustainable, and cost-effective housing. #CoreLogicAU #AFREnergyAwards #Innovation #Sustainability

Residential construction costs gradually picked up pace in Q3 with CoreLogic’s national #CCCI index recording a 1% rise, the strongest quarterly increase since December 2022 (1.9%). This uptick brings annual growth to 3.2%, up from 2.6% in June, though slightly down from this time last year (4.0%). Economist Kaytlin Ezzy said the data would likely put additional pressure on the Federal Government's target of 1.2 million new homes. Read more at CoreLogic News: https://ow.ly/xhaZ50TMb7B #CoreLogicAU #Cordell

Dwelling values edged up just 0.4% in September, with growth slowing as more homeowners list their properties for sale. But it seems selling conditions are weaker with the median time on market inching higher and auction clearance rates back to the low 60% range. Watch CoreLogic Australia's Tim Lawless full market update now: https://ow.ly/2bZx50TLjhm #CoreLogicAU #HousingMarketUpdate

🚨📈 Australian property market hits $11 trillion — an increase of $900 billion in 12 months. Despite the milestone, CoreLogic Australia economist Kaytlin Ezzy says value growth is slowing, with more new listings coming to market and buyers becoming more cautious. Key Takeaways from CoreLogic’s October Chart Pack: 📉 National growth slowed to 1.0% in Q3, the softest quarterly rise since March 2023. 🏡 Perth leads with 24.1% annual growth — the highest annual rise across Australia. 💸 Investors now make up 38.6% of new loan commitments, the highest share since 2017. Read more: https://ow.ly/NsjP50TJnMR #CoreLogicAU #ChartPack #PropertyData #RealEstate #PropertyNews

📉 The buyer’s markets where no one wants to buy 📉 New analysis from CoreLogic Australia has identified 65 markets in Sydney and Melbourne where property values are below record highs from the 2010s, and vendors are even willing to sell at a loss... but buyers aren’t interested. 🏘️ Despite high interest rates, housing affordability is improving in some of these markets. However, the wrong kind of supply is deterring buyers.  This trend highlights the ongoing challenges in the housing market, where affordability improvements are not enough to attract buyers due to an oversupply of investment-grade units built in the 2010s. 🏢 For more insights, check out the full analysis: https://lnkd.in/gFeZdTwx #CoreLogicAU #RealEstate #HousingMarket #PropertyInvestment #Sydney #Melbourne 

Dwelling values increased a modest 0.4% nationally in September. According to Tim Lawless, while the pace of growth is slowing, market conditions are increasingly diversifying across the country 👇 - Sydney’s property market appears to be levelling out with a 0.5% quarterly gain, the smallest rise since February last year. If this trend continues, Sydney may follow Melbourne’s shallow downturn in the coming months. - Mid-sized capitals look to be losing steam, with Perth’s quarterly gain easing to 4.7% in September from 6.2% in June. Brisbane (2.7%) also recorded its lowest quarterly rise since April last year. - Cheaper pockets of the market are outperforming across every capital city, except Canberra and Darwin. - Spring listings are 4% higher than a year ago, creating tougher selling conditions but also providing more choice for buyers. Head to CoreLogic News for detailed insights into housing performance in your capital city or region: https://ow.ly/1Y4s50TzzHM #CoreLogicAU #HomeValueIndex

CoreLogic’s latest Million-Dollar Markets report showed a record number of suburbs with median house or unit values of $1 million or more. Kaytlin Ezzy breaks it down: 🏠 Sydney continued to dominate, with almost 80% of house and 35% of unit markets hitting the seven-figure mark. 📊 Sydney & Brisbane tied for the most new entrants into the seven-figure club, with each city welcoming 46 markets to the million-dollar list this year. 🌆 At the other spectrum, Melbourne welcomed just four new suburbs, while two regional Victoria suburbs dropped out of the million-dollar club. Dive into the full report on CoreLogic News to learn about your state’s performance: https://ow.ly/K9Cf50TwRWb #CoreLogicAU #MillionDollarMarkets