Core Logic – Monthly Housing and Economic Update Sept 16

The monthly update on the state of the national housing market has just been released. The key findings can be summarised as

• Residential real estate underpins Australia’s wealth and has reached $6.7 trillion
• The annual rate of capital gain has slowed from its peak but remains quite strong
• Values continue to fall in Perth and Darwin on an annual basis whilst rising across the remaining capital cities
• Turnover: capital city transaction numbers have continued to trend lower
• The decline in capital city rents continues with asking rents down 0.5% over the past 12 months
• Lending to owner occupiers and investors has started to pick-up again

To read the full report click here