The ongoing increases in dwelling values over recent years has led to a significant reduction in the proportion of sales occurring below $400,000.
The week ending 11th of August saw and increase in the number of properties at auction over last week.
The latest research from Brisbane Cityscope shows property sale numbers and figures have increased slightly in the past three months.
Sales recorded for Melbourne Units Cityscope for the three months to August 2017 totalled $406 million.
The latest research from Auckland Cityscope shows that property sales have decreased over the past three months.
CoreLogic news details a vacant four-storey building in Sydney’s CBD has sold as a development site to a Chinese group for $70.5 million. Read more.
With dwelling values continuing to climb over the past year, the proportion of sales which have settled in excess of $1 million has also increased to new record highs.
Preliminary auction results saw a further decline in commercial property transactions over last week,.
The latest research from Brisbane Fringe Cityscope shows property sale numbers have slightly increased in the past three months but sales figures have significantly decreased.
The latest research from Eastern Melbourne Cityscope shows property sales have increased significantly in the past three months.
CoreLogic news details a Docklands office tower at La Trobe Street has been sold for $114.5 million to Charter Hall, an Australian property group. Read more.
CoreLogic construction figures for July, compiled by commercial research analyst Eliza Owen, estimate that the value of construction entering the pipeline in July was $21.7 billion.
Newly released Census data highlights the rapid densification of Melbourne’s CBD where the number of residents per square kilometre has more than doubled over the past decade.
Auction activity across the combined capital cities is set to remain somewhat steady this week, with 1,581 properties scheduled to go to auction, decreasing slightly when compared to last week’s 1,627 auctions and higher than the 1,329 auctions held over the same week last year.
The number of homes taken to auction across the capital cities has fallen for the 4th week in a row, with just 1,612 auctions held this week, down from 1,766 last week, although higher than this time last year when 1,391 properties went under the hammer.
This week, CoreLogic is currently tracking 1,477 auctions across the combined capital cities, and it is expected that the number of properties scheduled to go under the hammer this week will be lower than the 1,766 auctions held last week, however higher than the 1,391 auctions held over the corresponding...
The combined capital city preliminary clearance rate increased to 70.7 per cent this week, up from 67.3 per cent last week, while auction volumes fell week-on-week.
With dwelling values rising at a faster pace than household incomes, housing affordability has worsened over the first quarter of 2017. CoreLogic measures housing affordability across four measures and three of these four measures have seen affordability deteriorate over the quarter.
Auction activity across the combined capital cities will be slightly subdued this week, with 1,588 auctions currently being tracked by CoreLogic, down from last week’s final result of 2,001 auctions held.
The combined capital city preliminary clearance rate increased to 70.3 per cent this week, up from last week, when the final results saw the clearance rate fall to 66.5 per cent, the lowest clearance rate since June 2016.
This week, the number of auctions scheduled to take place across the combined capital cities will fall, with 1,820 auctions currently being tracked by CoreLogic, down from 2,355 last week.
The latest demographic data from the Australian Bureau of Statistics (ABS) shows that the national rate of population growth accelerated in 2016. Australia’s population continues to increase rapidly with the majority of population growth occurring with the two most populous states. New South Wales and...
CoreLogic news details survey findings that more than two thirds of Australians think housing market could suffer a significant correction. Read more.
Earlier this week the Australian Bureau of Statistics (ABS) released its residential property prices indexes for the March 2017 quarter. A valuable data set from the release relates to the value of dwelling stock and the number of residential dwellings. Both of which have increased over the quarter. When...
The latest housing finance and housing credit data confirm that the level of activity from investors in the housing market is slowing. Australian mortgage lenders have been rationing credit to the investor segment and lifting mortgage rates and these changes are starting to bite with investor demand now...