CoreLogic’s latest housing affordability report highlighted a subtle improvement in housing affordability based on a ratio of household incomes to dwelling prices.
With such low activity in Victoria this week, it is no surprise that the busiest suburbs for auctions are in NSW, with Mosman topping the list with 19 scheduled auctions, followed closely by Randwick (13), Bellevue Hill (11) and Port Macquarie (10).
Buying a property could look a lot different in the future as artificial intelligence and technology continue to develop.
There were 2,404 homes taken to auction across the combined capital cities this week, increasing from 1,983 over the previous week.
Without a doubt, housing risks are heightened relative to a year ago. Dwelling values are slipping lower nationally and mortgage arrears have moved off their record lows. All this against a backdrop of record high levels of household debt, increasing levels of housing supply and rising domestic and global...
Auction activity is set to rise across the combined capital cities this week, with a total of 2,277 homes scheduled for auction, increasing by 15 per cent on last week’s final figures (1,983), although lower than one year ago when 2,782 capital city homes went to auction.
CoreLogic’s recently released Pain and Gain report highlighted a growing divergence between houses and units for loss making resales.
The combined capital cities saw an increase in the number of homes taken to auction this week with a total of 1,985 auctions held, up from the week prior when 1,916 auctions took place.
89.8% of Australian homes sold during the second quarter of 2018 enjoyed a re-sale gross profit, with total re-sale gains of $15.683 billion, but the share of re-sales at a profit was the lowest since October 2013. Over the June 2018 quarter, 10.2% of residential properties resold at a price lower than the...
CoreLogic has released data analysis showing 758,657 homes in North Carolina, South Carolina and Virginia are at potential risk of storm surge damage from Hurricane Florence based on its Category 4 status, with a reconstruction cost value (RCV) of approximately $170.2 billion.
The busiest suburbs for auctions this week are all in Victoria. Reservoir tops the list with 20 homes scheduled for auction, followed closely by Balwyn North (17), Bentleigh East (15) and Cheltenham (13).
Anyone directly or indirectly associated with housing finance has likely felt the pinch of heightened regulation and tighter credit policies. Mortgage brokers and lenders are the first industry participants that come to mind, however the slowdown in lending activity has broader implications for a wide range...