Auction numbers up 15% over final quarter of year but clearance rate falls to lowest level since 2012.
The vast majority of property owners who sold their home in the September 2015 quarter sold at in excess of their previous purchase price according the latest CoreLogic RP Data quarterly Pain and Gain Report.
To celebrate the 6 months anniversary of Property Value, CoreLogic RP Data is giving away one week FREE access to Property Value!
When you read many of the media articles you would think that housing is booming across the board. The reality however is vastly different to what's been reported.
The increase in the value of Sydney homes over recent years has been significant and Sydney home owners now have a substantial amount of equity, it will be interesting to see what they do with it.
Weekly rents across Australia’s capital cities rose by just 0.3% over the twelve months to the end of November - the lowest annual growth rate on record according to the CoreLogic RP Data monthly rental review out today.
The CoreLogic November Home Value Index out today confirmed dwelling values fell across five of the eight capital cities in Australia over the month, taking the combined capitals index 1.5% lower.
From June 2015 it has become somewhat more difficult and expensive for investors to access housing and finance which has contributed to the sharp fall away in investor related housing demand.
Auction results are most relevant to the Sydney and Melbourne housing markets where auction sales comprise slightly more than one third of all dwelling sales.
A key indicator for reporting property market conditions across Australia’s capital cities is rents. The CoreLogic RP Data rental review distributed each month and released today covering October rental market activity provides a deep-dive analysis into the impact rental rates may or may not be having on...