On St Patrick’s Day, CoreLogic head of commercial research, Eliza Owen, looks into the fate of The Corkman Irish Pub – what went wrong, and why this may signal trouble for historic Melbourne icons.
Strong growth in the number of properties available for rent could mean population growth is increasingly housed in investment properties, says Cameron Kusher, head of research at CoreLogic.
With the current cycle in its 58th month, property price growth hit a new high in February, with prices rising 1.4 per cent to be up 11.7 per cent for the year.
Cameron Kusher of CoreLogic says creating better connectivity between the cities and regional areas and allowing more flexible working arrangements could all improve housing affordability.
Demand for real estate is showing no signs of letting up. Despite a record-breaking number of properties going to auction last week, CoreLogic's weighted average national clearance rate was still exceptionally strong, with preliminary figures coming in at 78.6 per cent.
