CoreLogic HVI Report, Quarterly Rental Review

Thank You, Tim Lawless and Eliza Owens CoreLogic Australia, for sharing the HVI and Quarterly Rental Review with us. Here are the key takeaways;

1. Fourth Month of increases with Sydney leading the way, all other capital cities recording a positive except for Hobart.

2. Perth peaked in June 2023, REG WA and SA at currently at a cynical peak.

3. Historically low stock levels, -26.4%, meaning the market has shifted to a vendors market.

4. National Auction Clearance Rates average above 70%

5. Net migration anticipated at 400,000 puts pressure on rental markets.

6. New construction completions slightly ease rental availability from 1.1% to 1.2%.