Auction markets have shown a strong result on higher volumes, with preliminary clearance rates around the 80% mark across the largest auction markets as the number of properties taken to auction tracks well above levels from a year ago.
The Australian Bureau of Statistics (ABS) has released its December 2019 housing finance data. The results reveal a strong uplift in borrowing for property purchases over the month.
The capital city auction market is expected to see a rise in activity this week, with a total of 1,448 homes scheduled to go under the hammer.
With record-high values expected across Australian dwellings in a few months’ time, 2020 will see the fastest market recovery on record with respect to the length of the downswing. And it’s being led by owner-occupiers.
Capital city auction activity ramped up after the seasonal slowdown, with 1,122 homes taken to auction this week, with volumes almost doubling on last week’s 625 auctions held.
While the median property value provides a useful reference point for the ‘typical’ home value in an area, buyers on a tight budget might find it more practical to narrow down their property search by examining lower quartile values.
The 2020 auction market is now in swing, with over 1,000 capital city homes scheduled to go under the hammer this week. CoreLogic are currently tracking an additional 448 auctions compared to final figures last week (625).
Australia’s housing value rebound continued into 2020 with the CoreLogic national home value index up by 0.9% over the first month of the year. This now takes the annual growth rate to 4.1%; the fastest pace of growth for a twelve month period since December 2017.
CoreLogic auction activity analysis found that over the 3 months to December 2019, the combined capital cities clearance rate came in at 70.3 per cent from 26,923 auctions.
Almost nine in ten (87.4 per cent) property resales over the September 2019 quarter sold for more than their previous price, delivering a gross profit of $18.7 billion for resellers across Australia.
Earlier this month, the ABS released detailed dwelling approval data to November 2019. Breaking down approved dwellings by local government area (LGA) highlights a concentration of new development in south-east regional and metropolitan centres, and a relatively low level of medium density approvals.
The first home loan deposit scheme (FHLDS) commenced 1st of January 2020. It is a leg-up over the deposit hurdle for first home buyers (FHB) struggling to accumulate a sizeable deposit, providing eligible Australians the opportunity to buy their first home with a deposit of at least 5% of the home’s value.
As the Victorian Richmond/Cremorne area emerges as a premier office location and a hub for the tech industry, Building 10 at 658 Church Street was sold at the end of 2019 for $92.525 million.
The latest research from Eastern Melbourne Cityscope shows property sales have decreased in the past three months in total sales value.
The latest research from Docklands Cityscope shows that commercial property sales value have decreased significantly with 8 sales at a total value of $2.9 million, compared to the 9 sales at a total value of $12.2 million for the previous quarter. This brings the 12-month total to $328.4 million from 43...
The latest research from Adelaide Cityscope shows that commercial property sales in Adelaide have increased for the quarter ending January 2020. The latest quarter shows total sales figures of $366.1 million from 26 sales, compared to the $242.4 million from 10 sales in the quarter to October 2019.
The latest research from Norwest Cityscope shows an increase in the total value of sales over the last quarter. For the three months to January 2020, there were 16 sales at a total value of $58.7 million, compared to the 9 sales at a total value of $7.6 million for the three months to October 2019.
The latest research from Brisbane Fringe Cityscope shows property sale numbers have remained steady but sales figures have increased in the past three months. The last three months to the beginning of February 2020 recorded 15 sales for a total of $216.5 million, with $194.7 million for commercial, $3.8...
The latest research from Brisbane Cityscope shows property sale numbers have increased in the past three months but sales figures have dropped. The last three months to the beginning of February 2020 recorded 36 sales for a total of just over $806 million, with $761.9 million for commercial, $32.8 million for...
The number of new projects which have been announced but not yet commenced was down 33 per cent month-on-month, with 1,216 new projects added to the pipeline in December.
North Sydney had a huge end to 2019, recording over $1 billion for the quarter compared to just $678 million in the quarter leading to October 2019.
The latest research from Wellington Cityscope shows that commercial property sales have decreased significantly in total sales value in the last quarter.
The latest research from Eastern Sydney Cityscope shows commercial property sales values have decreased in the past three months.
Alternative valuation services have become a game changer for the valuation industry in recent years, allowing valuers to complete remote and alternative valuations with the aid of big data and an enhanced experience for the end-user.
Australia’s leading property data and analytics provider CoreLogic has launched the latest iteration of its valuation software, ValConnect, adding rural desktops to its integrated service offering.
Consumer Affairs Victoria recently undertook a review of the Statement of Information and supporting documentation in consultation with CoreLogic and other key industry players after a year of use. Consumer Affairs Victoria has now revised the forms and guidelines to ensure more transparency for potential...
In this release: • Full History of property & agency campaigns • Include a floor plan in your CMAs • Showcase your past success with customer Testimonials
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