There were 1,210 homes taken to auction across the combined capital cities this week, returning a preliminary auction clearance rate of 58.1 per cent.
Nationally, over the three months to April 2019, 75.6% of properties sold for less than their original list price. As the chart shows, typically the majority of dwellings sold sell for less than their original list price. The 75.6% of properties selling at a discount was above the decade average of 69.3% of...
With national dwelling values having fallen -7.2% over the year to April 2019 and most markets nationally losing momentum, it’s easy to forget how diverse the performance of the market is…. that some regions are continuing to show solid growth conditions, while other are dragging the average lower.
Mount Waverley in Melbourne is the busiest suburb for auctions this week, with 10 homes scheduled to go under the hammer. Following on from Mount Waverley, two more Melbourne suburbs; Glen Waverley and Reservoir, along with the Sydney suburb of Surry Hills are expecting to see 9 homes each taken to auction.
According to data recently released by the Australian Bureau of Statistics (ABS) property taxation revenue increased further over the 2017-18 financial year to reach $30.293 billion.
With the release of the Consumer Price Index (CPI) for March 2019 over the past week, the low rate of inflation is resulting in larger inflation adjusted (or real) dwelling value falls. Over the March 2019 quarter, inflation was unchanged over the quarter and 1.3% higher over the past year, its slowest...
There were 1,472 homes taken to auction across the combined capital cities this week, increasing from 1,026 over the previous week, although much lower than this week last year (2,311).
All of the busiest suburbs for auctions this week are in Victoria, with Reservoir topping the list with 16 homes set to go under the hammer, followed by Coburg and Epping with 12 scheduled auctions each.
The CoreLogic April 2019 home value index results out today confirmed that the decline in home values has lost some momentum over recent months as falling values lose steam in Sydney and Melbourne. Simultaneously, more regions across the country saw housing values slip lower as the downturn becomes more...
CoreLogic research analyst Cameron Kusher today explores the market decline of a property from its peak in percentage terms and what this then means in dollar value.
The weighted average preliminary clearance rate rose across a higher volume of auctions this week with 1,019 homes taken to market returning a 54.6 per cent success rate.
Mill Park in Victoria is the busiest individual suburb for auctions this week, with 11 homes scheduled to go under the hammer, followed by Craigieburn and Epping each with 10 auctions scheduled.