This week the combined capital city preliminary clearance rate saw a slight improvement compared with last week, as the number of auctions held continued to bounce back from the Easter slowdown. There were 2,448 homes taken to auction this week, returning a preliminary auction clearance rate of 80.5%.
One of the most prominent trends in Australian housing markets over the past 12 months has been the deterioration of rents in inner city apartment markets across Sydney and Melbourne. While these markets are far from recovery, there are signs that conditions may be stabilising, particularly across Sydney.
Auction volumes are expected to rise across the combined capital cities this week with CoreLogic currently tracking 2,496 auctions, up from last week’s 2,199 and last year’s 1,922 auctions held.
Comparing current capital city values with previous peaks adds some perspective to the current housing market upswing – particularly in Perth and Darwin, where values remain substantially below their record highs from 2014. It also highlights the very different dynamics across capital cities – such as in the...
Auction volumes rose across the combined capital cities this week with 2,170 homes taken to auction, increasing on the 845 auctions held over the Easter week.
CoreLogic’s Quarterly Auction Market Review released today revealed Australia’s combined capital cities clearance rate reached 80.0% over the first quarter of 2021, up from 69.4% in the December 2020 quarter and 62.5% in the March quarter of 2020.
This week, the number of capital city homes scheduled to go to auction is set to rise with 2,207 auctions currently being tracked by CoreLogic.
With the cash rate likely to remain on hold for an extended period of time, attention is more focussed on other elements of the RBA’s monetary policy settings and their perspective on the economy, including housing market conditions.
CoreLogic’s national home value index recorded a 2.8% rise in March, the fastest rate of appreciation since October 1988 (3.2%).
There are 878 capital city homes set to go to auction over what will be the Easter weekend, which is higher than the week of Easter last year when 634 auctions took place. This week’s lower scheduled volumes comes off the back of the busiest week for auctions we have seen since March 2018 last week (3,840).
CoreLogic has released its quarterly ‘Pain and Gain’ report for the December quarter, which analyses the proportion of dwelling resales that made a nominal gain (or loss) relative to the previous purchase price. The latest analysis was based on 98,000 sales through the December quarter, where CoreLogic...
There were 3,791 homes taken to auction across the combined capital cities this week, the busiest auction week since the week ending 25th March 2018 when 3,990 capital city homes were taken to auction. In comparison, last week saw 2,710 auctions held across the combined capitals, while at the same time last...
Amid a pandemic that has wreaked havoc on the travel industry, the Ibis Sydney King Street Wharf has been placed on the market by Mark Durran of JLL Hotels and Hospitality Group and Michael Simpson and Tom Gibson of CBRE Hotels. The vendor is Aldprop Pty Ltd, owned by Jerry Schwartz of Vaucluse.
The long-term leasehold of a huge 1.44 HA commercial office site in Sydney’s Olympic Park has changed hands for $66.1 million. Neighbouring buildings, Quad 2 and Quad 3 at 6 Parkview Drive and 106 Bennelong Parkway respectively, were being marketed by GJS Property and Knight Frank Sydney.
The latest research from Sydney Cityscope shows that Sydney CBD commercial property sales value for the three months ending February 2021 has increased in total value from the preceding quarter.
The latest research from Southbank Cityscope shows property sales value has decreased in the past three months.
The latest research from Perth Cityscope shows property sale numbers and figures have increased for the first time in six months. The last three months to the beginning of March 2021 recorded 30 sales for a total of over $112.7 million; with $84.3 million for commercial, $12.6 million for commercial strata,...
The latest research from Newcastle Cityscope shows commercial property sales in Newcastle’s CBD have decreased in total sales value and number of sales. For the quarter to March 2021, there were 13 sales at a total value of $28.2 million, compared to the 21 sales at a total value of $66.1 million recorded in...
Sales recorded for Melbourne Units Cityscope for the three months to February 2021 totalled $516.5 million from 718 sales, an increase compared to the $495.3 million from 648 sales recorded to November 2020, and the $133.2 million from 224 sales recorded for the quarter to August 2020. This quarter’s data...
The latest research from Macquarie Park Cityscope shows that commercial property sales have decreased in both value and volume in the past three months.
The latest research from Canberra Cityscope shows both property sales volume and value have decreased in the past three months.
The latest research from Brisbane South Cityscope shows property sale figures have increased in the past three months and sales numbers have slightly increased. The last three months to the end of February 2021 recorded 7 sales for a total of over $19.6 million; with $7.2 million for commercial, $1.3 million...
There were 1,587 capital city homes taken to auction this week. Of the 1,311 results collected so far, 84.5% have reportedly sold. This is an improvement on last week’s preliminary clearance rate of 81.9% when volumes were higher (2,473). Final figures by Wednesday saw last week’s preliminary clearance rate...
There were 2,451 homes taken to auction across the combined capital cities this week, up from 2,128 over the previous week, although lower than this time last year when 3,026 auctions were held.
Some Insurers are placing new limitations on professional indemnity (PI) cover for property valuers. So what does this mean for the mortgage industry, and what are the options for valuation firms?
As climate change causes an increase in frequency and severity of natural disasters such as bushfires and floods, forward-thinking Australian businesses will put climate-related risk management at the top of their agendas. CoreLogic’s Dr Pierre Wiart writes that the businesses with a sophisticated way of...
At CoreLogic, we’re focused on continuously improving our product capabilities and digital experience for our customers. To this end, we have recently upgraded our search capabilities in the RP Data mobile app – RP Data Professional. Our upgrades were designed to allow customers to search for a property...
CoreLogic analytics experts are mapping the ‘genome’ of Australian dwellings, giving consumers and property professionals information designed to help them make wise property decisions.
CoreLogic’s suite of products, including RP Data, just got more powerful –with the coverage of property attributes increasing by a whopping 23% -putting even richer property data at your fingertips.
In 2020, the Australian Property Institute (API) updated the requirements for PropertyPRO reports. Valuation compliance experts David Brandon (API) and Tony Hill (CoreLogic) explain what these changes mean for valuers.
Australians tend to re-evaluate their insurance needs when they change properties or after a poor claims experience. With insurance typically being a grudge purchase, once a property owner has chosen a provider it’s unlikely that they’ll revisit their sum insured amount, even if their circumstances change or...
With profit margins under pressure, valuation firms are looking for new ways to increase productivity and efficiency. And as the COVID-19 crisis continues to throw up a host of new challenges, valuers also have to find ways to differentiate themselves from their competitors to stay ahead of the game.
Mother Nature’s unpredictability is just a part of life in Australia, which is why property insurance is so vital. So how can insurers make sure their clients have the right level of cover? It all comes down to the accuracy of their property rebuild estimates – and that means using the best tools available.
Unlike banks, most people switch mortgage brokers without thinking twice. Often there’s no incentive to stick with a broker when moving homes. For mortgage brokers, that could mean missed opportunities, an erosion of their customer base, and ultimately a loss of revenue. But now there’s Watch List – and for...
As we progress in the digital age, it seems appropriate that the property report is also updated to provide the benefits that a truly digital format can provide. We have been working behind the scenes to launch a new, dynamic report version and are happy to tell you that, subject to your subscription...
ValConnect Upload Portal is a new solution, launched by CoreLogic, designed to assist valuers effectively conduct remote valuations to ensure the flow of lending can continue in the COVID19 environment.
Historically low mortgage rates, along with credit availability, improving economic conditions and low advertised supply levels, have fuelled a solid rebound in housing activity and values.
Leveraging its strategic partnership with global reinsurer Munich Re, CoreLogic Asia Pacific has analysed Victoria’s residential property climate hazard and risk exposure, revealing very high risk of climate hazard to almost 9% of Victorian properties.
CoreLogic today announced it has joined Investor Group on Climate Change (IGCC) Australia/New Zealand.
Some of Asia Pacific’s brightest minds in climate change risk management met today to discuss how the financial services industry can effectively identify, assess and manage climate-related risks.
CoreLogic International today announced the appointment of financial services veteran Mark Woolnough as Executive - Head of Sales, Australia.
Leading property data and analytics company CoreLogic has today announced its backing of emerging technology businesses in real estate through Taronga Ventures’ RealTechX program.
Today property data powerhouse, CoreLogic, announced it has joined forces with Munich Re, one of the world’s leading reinsurers, to offer the most comprehensive view of the impact of climate change to individual properties in Australia and New Zealand.
CoreLogic Asia Pacific is pleased to announce that it has successfully expanded the scope of its ISO-27001 certification to include all of its services and solutions which are now protected by its Information Security Management System (ISMS).
A new renovation calculator launched by Suncorp, and powered by CoreLogic, is helping keen renovators to estimate the cost of home renovations, according to the room and renovation type being considered.
Risk is something that every property financier and investor must consider as part of the process of lending and investing.
Leading mortgage aggregator, Finsure Group, has joined forces with CoreLogic, Australasia’s largest provider of property information, analytics and property-related risk management services.
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...