Throughout Spring, the number of properties advertised for sale typically climbs as vendors look to take advantage of the warmer climate and improved weather. This year, as housing market conditions transition, stock levels remain tight across the strongest markets but are rising in areas where housing market conditions are softening.
By pairing annual settled sales data with dwelling counts over time the data shows the proportion of total housing stock turning-over on an annual basis. Despite a surging population and record high levels of new construction, a lower proportion of housing stock is selling.
Building activity data for the June 2017 quarter was published by the Australian Bureau of Statistics. The data contains additional insight to the housing construction sector, tracking quarterly dwelling commencements, completions and counts of dwellings under construction.
The Household Income and Wealth Survey has determined those households that are over-indebted and those that are not. The results are not necessarily what you’d expect with higher income households more likely to be over-indebted than lower income ones.
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.