Preliminary clearance rates hold firm as volumes across the combined capital cities reach their highest level year-to-date and Melbourne records its busiest auction week on record
CoreLogic is currently tracking 2,276 auctions across the combined capital cities this week, down from 2,525 last week.
The combined capital cities returned a preliminary auction clearance rate of 69.4 per cent this week, marking the 21st consecutive week where the clearance rate has held below 70 per cent.
The latest data from the Australian Bureau of Statistics (ABS) shows that there has been a rebound in owner occupier first home buyer housing finance commitments.
CoreLogic is currently tracking 2,276 auctions across the combined capital cities this week, down from 2,525 last week. Over the same week last year, 2,680 auctions were held.
There were 2,497 auctions held across the combined capital cities this week, up from 2,318 last week. So far, 2,007 results have been reported to CoreLogic, returning a preliminary clearance rate of 70.6 per cent, increasing from last week when the final clearance rate slipped to 64.4 per cent, the lowest...
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 latest Census (2016) data reveals which regions of the country have the highest proportion of residents that are Australian citizens and the areas dominated by non-citizens.
This week, CoreLogic is tracking just over 2,300 auctions across the combined capital cities, which is similar to last week when 2,318 auctions were held, but lower than this time last year, when 2,443 homes were taken to auction.
Auction activity across the combined capital cities increased this week after last week’s grand final and public holiday slowdown.
In this week’s blog we look at the historic relationship between housing market growth in Sydney and Brisbane in order to determine whether the slowdown in Sydney could translate into an acceleration in Brisbane.
Each quarter the Reserve Bank (RBA) publishes household finances data which look at the ratio of household debts and assets to disposable income. The latest data shows households are becoming more indebted at the same time as the value of their assets are increasing.
The latest research from Eastern Melbourne Cityscope shows property sales have decreased in the past three months.
The latest research from Brisbane Cityscope shows property sale numbers have decreased slightly in the past three months.
It would appear that investment managers, TH Real Estate, has found a purchaser for 20 Hunter Street, Sydney. The property was put on the market in August by Sydney agents, Inc RE and Colliers International.
The week ending the 27th of October saw 22 commercial auction results collected by CoreLogic. Of these, 11 properties were recorded as sold, suggesting a preliminary clearance rate of 50%.
The latest research from Adelaide Cityscope shows that commercial property sales in Adelaide have increased substantially in total value for the quarter to October 2017.
The latest research from Docklands Cityscope shows that commercial property sales have slightly increased in number and in total sales value.
The November 2017 update from Norwest Cityscope shows a decrease in the total value of sales over the last quarter. Read more.
AMP Capital’s Wholesale Australian Property Fund has purchased a 14-storey office building in South Brisbane for about $92 million.
This week CoreLogic recorded 65 commercial auctions held across Australia in the week ending the 20th of October. Of these, just 31 properties were recorded are sold.
The latest research from North Sydney Cityscope shows sales have increased in total value in the quarter to October 2017
This quarterly update of Pyrmont-Ultimo Cityscope shows a decrease in total sales value, with a total of 33 sales at a value of $401.9 million, compared to 35 sales at a total value of $428.9 million for the quarter ending July 2017.
The latest research from Sydney Units Cityscope shows that apartment sales in Sydney’s CBD have increased both in number and total sales value in the last quarter, due two new strata buildings being included.