PROPERTY

INSIGHTS, TRENDS AND CASE STUDIES

National dwelling values slipped 0.7% lower over the month, led by larger falls in Sydney and Melbourne where the pace of decline has accelerated. Nationally, dwelling values are down 4.2% since peaking in October last year, reducing back to levels last seen in December 2016.

After a year of credit spread tightening, investors are becoming more cautious and selective.

In early 2018, two entrepreneurs launched a website that aimed to address the housing affordability crisis by facilitating co-ownership. A few months later, they had an even better idea.

As 2018 draws to a close, we’d like to share some of the achievements of our Corporate and Institutional clients over the past year.

Build-to-rent could provide new avenues for investors as well as improve housing affordability, a NAB conference has been told.

On a rolling quarterly basis, dwelling values are now trending lower across both the combined capital city regions, where they were 1.6% lower, as well as across the combined regional areas of Australia where values were almost 1% lower.

We open this week to news that auction clearance rates in Sydney and Melbourne continue to run in the mid-to-low 40%s.

This week, we report on the main points of interest of UK and European investors on the Australian and NZ economies following a marketing trip there.

Overall sentiment in commercial property markets (measured by the NAB Commercial Property Index) fell 9 points to a 2-year low +8 in Q3, but is still well above long-term average levels (+3).

The Australian housing market continued to weaken over the month, with national dwelling values falling 0.5% in September, marking twelve months of consistently falling values across CoreLogic’s national hedonic home value index.

A strong first half and continuing near term momentum but slowing into the medium term.

The NAB Residential Property Index fell sharply for the second straight quarter in Q3 2018, down 15 to a 7-year low -9 points, and its first negative read since mid-2012.

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