{"id":2792,"date":"2022-06-12T09:07:44","date_gmt":"2022-06-12T09:07:44","guid":{"rendered":"https:\/\/royabhishek.in\/urbanbuyer\/heres-whats-happening-in-our-housing-markets-in-17-charts\/"},"modified":"2022-06-12T09:07:44","modified_gmt":"2022-06-12T09:07:44","slug":"heres-whats-happening-in-our-housing-markets-in-17-charts","status":"publish","type":"post","link":"https:\/\/royabhishek.in\/urbanbuyer\/heres-whats-happening-in-our-housing-markets-in-17-charts\/","title":{"rendered":"Here’s what’s happening in our housing markets in 17 charts"},"content":{"rendered":"

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Residential real estate, inflation\u00a0 and interest rates just can’t stay out of the news can they?<\/p>\n

The latest CoreLogic Chart Pack provides a detailed overview of key market metrics, so here\u2019s what happened in May.<\/p>\n

Market overview<\/span><\/h2>\n

The combined value of residential real estate was valued at $9.97 trillion at the end of May, just under the $10 trillion mark.<\/p>\n

However, the overall loan to value ratio of Australia’s real estate is very healthy with only $2.1 trillion worth of outstanding mortgage debt.<\/p>\n

With half of Australia’s home owners having no mortgage debt and 40% of those with loans having fixed rate loans, and many borrowers well ahead with their repayments, this means most homeowners won’t be affected by rising interest rates for quite some time.<\/p>\n

\"Residential

Dwelling values in Australia are 14.1% higher over the past 12 months.<\/span><\/h2>\n

This is down from a cyclical peak growth of 22.4% in the 12 months to January 2022.<\/p>\n

\"Annual

Brisbane has the strongest growth.<\/span><\/h2>\n

The highest annual growth rate in dwelling values among the regional and capital city dwelling markets was across Brisbane, at 27.8%.<\/p>\n

The lowest rate of appreciation in values was across Regional NT, which each saw a 4.9% rise over the year.<\/p>\n

\"Capital

The most expensive properties are suffering most.<\/span><\/h2>\n

In the three months to May, capital city homes saw upper quartile values fall -1.4%, compared to a rise of 3.4% across the lowest quartile of values.<\/p>\n

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