Residential real estate holds significant value for Australians. Financially, it is the country’s largest asset class, with a valuation of over $7 trillion. Emotionally, it defines the Great Australian Dream.
CoreLogic collected a preliminary 53 auction results in the week ending the 1st of December, which saw far more stock on the market than in the previous week, when the number of preliminary auction results collected was 21
CoreLogic collected 21 auction results in the week ending the 24th of November, representing a slight cooling in commercial auctions from the 33 preliminary auction events collected in the previous week.
CoreLogic Australia is a wholly owned subsidiary of CoreLogic (NYSE: CLGX), which is the largest property data and analytics company in the world. CoreLogic provides property information, analytics and services across Australia, New Zealand and Asia, and recently expanded its service offering through the purchase of project activity and building cost information provider Cordell. With Australia’s most comprehensive property databases, the company’s combined data offering is derived from public, contributory and proprietary sources and includes over 4.4 billion decision points spanning over three decades of collection, providing detailed coverage of property and other encumbrances such as tenancy, location, hazard risk and related performance information.
With over 20,000 customers and 150,000 end users, CoreLogic is the leading provider of property data, analytics and related services to consumers, investors, real estate, mortgage, finance, banking, building services, insurance, developers, wealth management and government. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and geo spatial services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. CoreLogic employs over 650 people across Australia and in New Zealand. For more information call 1300 734 318 or visit www.corelogic.com.au.