The Melbourne suburb of Bentleigh East is host to the highest volume of auctions this week, with 18 homes set to go under the hammer. Cheltenham, Kew, Mount Waverley, Reservoir and Yarraville, all in Melbourne, are expecting 12 auctions each this week, along with Mosman in Sydney.
There were 2,155 homes taken to auction across the combined capital cities this week, with preliminary results showing a 56.8 per cent success rate.
The CoreLogic hedonic home value index results released today reveal that the pace of declining property values has eased relative to the past four months. However, CoreLogic head of research Tim Lawless noted that the market downturn has become geographically more widespread, with housing values lower across...
This week, all of the busiest capital city suburbs for auctions are in Melbourne. Cheltenham tops the list with 15 homes scheduled for auction, followed by Craigieburn and Northcote each with 14 scheduled auctions.
The Australian Bureau of Statistics (ABS) released their September 2018 quarter demographic data last week. In this week’s Pulse we take a look at the arrivals and departures data across the states.
There were 1,669 homes taken to auction across the combined capital cities this week, down from 1,875 over the previous week. This time last year, volumes were significantly higher with 3,990 homes taken to auction over what was the pre-Easter weekend, traditionally one of the busiest weeks for auctions each...
This week, all of the busiest suburbs for auctions are in Victoria. Preston and Reservoir top the list with 14 homes scheduled for auction each. Followed by Bentleigh East, Cheltenham and Mount Waverley each with 13 scheduled auctions.
There were 1,894 homes taken to auction over the week, increasing from the previous week when 1,197 auctions were held, although significantly lower than this week last year when 3,136 auctions were held across the combined capital cities.
This week, all of the busiest suburbs for auctions are in Victoria. Glen Waverley tops the list with 19 homes scheduled for auction. Followed by Bentleigh East and Reservoir with 17 and 15 scheduled auctions respectively.
With the housing market weakening over the past few years, most capital cities have experienced dwelling value falls with a more significant correction experienced in Sydney, Melbourne, Perth and Darwin.
Dwelling sales were down in four of the five Queensland regions over the year to November 2018 with the Wide Bay region the only location to see an increase in home sales (2 per cent).
As dwelling values have increased over time, we have seen the share of sales across the lower price points reduce and million dollar plus property transactions become much more commonplace across most regions.
There were 1,196 auctions held across the combined capital cities this week, significantly lower than the 2,201 held last week, and the 1,764 one year ago. The fall in auction volumes this week is due to the fact that four of the eight states and territories have a public holiday this coming Monday.