Our response to Australia’s bushfire crisis
For Earth Day 2021, CoreLogic has conducted a new study into Sydney’s housing market and greenspace, finding a ‘positive but weak’ relationship between greenspace and housing prices.
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.