There were 2,204 capital city homes taken to auction this week, returning a preliminary weighted average clearance rate of 55.0 per cent. This week’s volumes are slightly lower than last week’s 2,293 auctions held, which was the busiest week so far this year
According to the CoreLogic home value index results released today, the pace of declining property values eased slightly over the month relative to the previous two months. However, housing values continued to trend lower with six of the eight capitals and four of the seven ‘rest of state’ markets recording a...
With reduced buyer activity, listing numbers have risen to the highest level since 2012. With increasing competition amongst vendors for a smaller pool of buyers, motivated vendors are offering up increasingly larger discounts on their original asking prices in order to sell
This week, all of the busiest suburbs for auctions are in Victoria, topping the list with 20 scheduled auctions is Brunswick. Following closely with 18 scheduled auctions is Northcote, while Glen Iris and Reservoir will each host 17 auctions.
Over the past year there has been a surge in first home buyer activity, in fact first home buyers have been one of the only sources of growth in housing related activity, but are they now fading from the market?
There were 2,303 homes taken to auction across the combined capital cities over the week, returning a preliminary auction clearance rate of 54.1 per cent, while last week, auction volumes were lower with 1,450 auctions held and a 51.2 per cent clearance rate. Over the same week last year, 3,313 auctions were...
Earlier this week the Reserve Bank (RBA) released the minutes of the Monetary Policy Meeting for February 2019.
The busiest suburb for auctions this week is the Melbourne suburb of Bentleigh East, with 19 homes set to go under the hammer, followed by the Sydney suburbs of Maroubra and Paddington with 18 and 17 auctions scheduled respectively.
There were 1,444 homes taken to auction across the combined capital cities over the week, increasing from the previous week when 928 auctions were held, although lower than this week last year when 1,992 auctions were held.
Data for lending to households and businesses data for December 2018 was released earlier this week. This data series replaces the old housing finance and lending finance series and includes some different data. Specifically focusing on lending to households the data shows that the weakening of demand for...
The top 3 busiest suburbs for auctions this week are in New South Wales where Port Macquarie tops the list with 20 homes scheduled for auction. Lane Cove and Randwick follow with 15 and 12 scheduled auctions respectively.
Auction activity is continuing to ramp up after the seasonal slowdown, with 929 capital city homes taken to auction this week.