CoreLogic Australia

Australian property values are up 0.4% in March, following the rise in February to reverse the recent downward trend and take the national measure of housing values back to new record highs.   Watch the full housing market update for April with Tim Lawless on YouTube now: https://lnkd.in/g3bjAYp6

🏡🏔️ National home values climbed over 39% in the past five years, but they still fall short compared to the early 2000s boom. While the historic trend in five-year growth follows a similar shape across the capitals, the timing of each city’s peak in five-year growth varies. So, when did each city record its peak growth? Sydney’s biggest jump came in the late 1980s with an 80.7% rise, while Melbourne saw values nearly double around the same time.  In contrast, cities like Perth, Brisbane, and Hobart experienced their largest gains in the mid-00s, with Perth’s 5-year increase leading the pack, up nearly 140%. Get this and more must-know property metrics in the April Housing Chart Pack now: https://lnkd.in/g64s3E3z

Australian home values recover to new record-highs as CoreLogic’s Home Value Index rises 0.4% in March. Hear from Tim Lawless as he walks through the key housing trends 👇 🏠 The positive movement in growth was reflected in values across most capitals, except for Hobart. However, the pace of gains has noticeably slowed in Perth. 🌞 Outside the capitals, the strongest growth conditions continue to be skewed towards areas of regional WA and Queensland. 🔑 Rents are rising more than values across every capital city, led by a 1.2% lift in Hobart, while Melbourne (0.3%) recorded the smallest monthly rent rise. To read more download the full April #HVI report now: https://lnkd.in/gYwzceZX #CoreLogicAU #HomeValueIndex 

Today, we announced that we are changing our name to Cotality, a strategic move that reflects our expanding solution offering and deepening global footprint. Why? While the CoreLogic name and brand have served us well to date, we've evolved into a faster, smarter, and more people-centric company.   For CoreLogic Australia, New Zealand and UK, it reinforces that we are part of a global, technology-enabled information services leader, whose solutions truly unlock Intelligence beyond bounds. To learn more, visit: https://lnkd.in/eJFETgJ7 #WeAreCotality #IntelligenceBeyondBounds

We hear plenty about AI in the news, but how does it actually help improve client outcomes?   At CoreLogic, we're harnessing the power of #AI to revolutionise our services and deliver better results for our clients.   In practice, this means leveraging tools like Microsoft Power Automate to streamline our processes, freeing up over 50,000 hours of capacity. This allows our teams to focus on what matters most: providing exceptional value to clients.   "The strategy is paying off," says Michael O'Brien, Senior Manager for Robotics Automation.   "Back in 2023, we set a long-term goal of creating 100,000 hours of additional capacity through automation. Today, we're already halfway there, giving back over 50,000 hours to our people to focus on higher-value work."   #CoreLogicAU #AI #Innovation #CustomerSuccess 

How did property resales perform last quarter? 💰 94.8% of sellers across Australia made a profit, with a record-high median profit of $306K. 💸 Median losses increased to $45K in Q4, up from $40K the previous quarter. 📅 Australians are holding onto their homes longer, with a median hold period of 9.3 years for profit-makers while hold periods on loss-making sales shortened slightly to 7.6 years. 🏠 Houses are holding their value, with just 3% selling for less than the purchase price, while units saw a higher loss rate of 10.1%, up from 9.3% last quarter. 📍 Sydney & Melbourne units alone made up almost half (47.2%) of the loss-making sales this quarter. Read the latest Pain and Gain report at CoreLogic News: https://lnkd.in/gbPRfCJh

Since the onset of COVID, home values nationwide have surged 38%. But the journey hasn’t been straight forward. Research director Tim Lawless explains 👇 Check out the full analysis, ‘Five years on from COVID-19: How the housing market has changed’ at CoreLogic News: https://lnkd.in/gYMgV6uR

Australia’s high-end bellwether markets have shown the strongest housing market improvement. Monthly movements in the capitals' most expensive 25% of values saw the largest turnaround, up 0.2% in February, following a -0.3% fall in January. 🔍 Where’s the action? Across the capitals Sydney, Melbourne, and Hobart top quartile markets led the charge, showing the strongest swing in monthly value changes. These markets have historically been the most sensitive to rate cuts and still have values below their peak. Get this and more must-know property metrics from the latest #HousingChartPack: https://lnkd.in/gdTPNDEb #CoreLogicAU

Join Tim Lawless and Eliza Owen for a Q1 update on the latest property market trends, featuring a packed agenda 👇 📊An analysis of the capital cities home values, affordability insights, and the market's response to February's rate cut 🏠A look at the evolving rental market, covering shifts in demand, ongoing pressures, and investor trends 📈Key insights into the resale market, including flipping activities, gross losses, and short-term resale dynamics Don't miss an opportunity to get your questions answered in our live Q&A! Register Now 👉 https://hubs.li/Q03brJKR0

Australian home values saw a 0.3% rise in February, ending a short-lived three-month downturn. While the RBA’s rate-cutting cycle has only just begun, the gradual trend towards lower rates and higher confidence should be positive for housing markets over the months ahead. Watch the full housing market update for March with Tim Lawless on YouTube now: https://lnkd.in/dXgfZZdf