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.
Dwelling values rose by 1.1% over the month of December and by 4.0% over the quarter to finish out 2019 on a positive note according to the CoreLogic national home value index.
There were 2,750 homes taken to auction across the combined capital cities this week, with volumes down by -5.6% on last week’s 2,912 auctions; the second busiest week of 2019.
Although lagged, the ABS residential property price index provides a reference point and benchmark for the more timely private sector measures of house price growth.
There are 2,737 capital city homes scheduled for auction this week, with volumes expected to be down by only 6% on last week’s final figures (2,912), however, higher than volumes from one year ago (2,406).
There were 2,837 homes taken to auction across the combined capital cities this week, returning a preliminary auction clearance rate of 74.5 per cent.
This week in the CoreLogic Property Pulse we analyse the performance of Australia’s most expensive property markets -Sydney and Melbourne, and compare them to other the remaining capital cities.
One of the largest regional analysis of its type now available in the market is the CoreLogic Regional Report. Produced quarterly, the regional analysis delivers market insights for houses and units across 25 of Australia’s largest non-capital city regions.
There were over 3,000 capital city homes taken to auction this week, making it the busiest week for auctions we’ve seen this year; in fact the largest number since March last year.
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.
The latest research from St Kilda Road Cityscope shows property sales value has increased in the past three months
The latest research from Sydney Units Cityscope shows that apartment sales in Sydney’s CBD have significantly decreased both in number and total sales value in the last quarter.
The latest research from North Sydney Cityscope shows property sales for the quarter to January 2020 have increased significantly in terms of total value.
This quarterly update of Pyrmont-Ultimo Cityscope shows a dramatic decrease in total sales value, with 23 sales at a total value of $44.3 million, compared to the 27 sales at a total value of $205.6 million for the quarter ending October 2019.
Our most recent issue of Canberra Cityscope will show that the value of sales for the year to date has increased to $651.8 million, an increase from the $413.7 million recorded for the same time last year.
The latest edition of Perth Cityscope shows property sale values have increased in the past three months. Sales recorded in the quarter to December 2019 totalled $124.1 million, an increase from the September 2019 quarter which totalled $54.2 million.
The latest research from Sydney Cityscope shows that Sydney CBD commercial property sales for the three months ending November 2019 have decreased significantly in total value from the preceding quarter.
The latest research from Brisbane South Cityscope shows property sale figures have dropped in the past three months
The latest research from Newcastle Cityscope shows commercial property sales in Newcastle’s CBD have decreased in total sales value.
The latest research from Perth Cityscope shows property sales have increased 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
In an increasingly challenging market, we know how important it is for you to work efficiently & engage your customers by showcasing your local market expertise. To help you achieve this, we are excited to announce a number of new features now available in RP Data!
Australian property market lenders are operating within a new context of tighter regulatory controls and swiftly changing market conditions. The need for a deep and clear understanding of portfolio data has never been higher.
As the results of the 2018 CoreLogic ‘Perceptions of Real Estate Agents’ survey showed, in the real estate game, there’s no substitute for people and sales skills, and you simply won’t do your listings justice without excelling in communication. But a little bit of smart tech can go a long way, for every...
With our continued focus on helping our customers win more listings and sell homes faster we have made great progress working directly with you to ensure we are focusing on where we can drive purposeful change in your roles. Thank you again to all of those customers who offered their time to help us and...
The news has been awash with stories of falling house prices, less sales, lower clearance rates and more stringent lending policies in recent months. But despite these ongoing market and regulatory challenges, the Australian broking industry is in a remarkably healthy state.
Over the past few weeks we’ve been busy launching improvements to our products to make it easier for you to find, win and nurture new customers. We have focused on developing ways you can work more effectively while on the road by building productivity refinements into the mobile application and particularly...
Technology is ‘learning’ to look at images of property and assess the value. Chief analytics architect at CoreLogic, Scott Matthews, explains what this means for the future of buying property and the humans in the process.
One of the big questions being asked in Australia's property sector at the moment is whether machines are starting to take over the task of valuing homes.
For over three months, Australia has been ravaged by catastrophic fires that have now escalated to unprecedented levels. CoreLogic is coming together and partnering with our customers to provide support to those impacted and play our part in helping to rebuild homes and the communities of which they are a...
Housing affordability peaked in June and property prices could reach record highs in the first half of 2020 if they continue at current rates, according to new ANZ and CoreLogic research.
The story of Cordell, the nation’s leading authority on project activity and building cost information, is the story of its iconic founder Joan Cordell, one of Australia’s pioneering businesswomen.
Last month we were really lucky to host several of our major customers and valuation firm partners at at CoreLogic's biggest mortgage and financial event of the year - EPIQ™ 2019.
Data and analytics market leader CoreLogic, is pleased to announce the appointment of Ryan Dinsdale as Executive Sales, Marketing and Customer Operations for Australia & New Zealand, effective immediately. Ryan will join the CoreLogic International Executive Team, reporting directly to CEO International Lisa...
How are consumers differentiating between the offers and providers and what are the things that are making them click through to become a qualified lead?
Data is a strategic asset that has made an indelible impact on the way we do business, so much so that cost-per-click, average revenue per user, and terabytes of data have all become routine turns of phrase in even the smallest organisations.
The concept of robots in the workplace was once more akin to science fiction than reality, but these days automated processes are increasingly becoming ‘business as usual’ for organisations seeking greater operational efficiencies.
Australia’s average housing affordability is the best it has been since 2016 with property in some cities and regions the most attainable it has been in decades, according to new ANZ-CoreLogic research.
According to a white paper report by Fidelity International, more than half of women say that investing is too complicated, and a quarter believe that the information around investing is intimidating and tailored towards men. This is resulting in a lot of women not investing outside of traditional assets like...
The Federal Government’s recent decision to modify Royal Commissioner Hayne’s recommendation to move to a ‘user pay’ model and revoke trail commissions has provided welcome relief for the broker industry.
A joint study by Aussie Home Loans and CoreLogic has revealed the most affordable suburbs across Australia, with the lowest median house values starting at a mouth-watering $37,497 in Western Australia’s Mount Magnet