CoreLogic is currently tracking 3,689 capital city auctions this week, which is set to be the busiest week for auctions so far this year.
Despite a slowing property market, the vast majority of home sales (nine out of 10) in Australia are still turning a profit for their vendors. Across the nation, 91.1% of all properties that resold in the December quarter went for a price above their previous purchase price.
Preliminary auction clearance rates soften as the number of auctions surges to the second busiest week so far this year.
Earlier last week, the Australian Bureau of Statistics (ABS) released its monthly housing finance data for January 2018 while the Australian Prudential Regulation Authority (APRA) released their quarterly ADI property exposures data for December 2017. Each of these releases provide really valuable insight...
With high transactions costs and affordability challenges in some markets, transaction numbers have been trending lower since 2015 resulting in lower turnover of housing stock. This week we take a look at the suburbs in each state and territory that have recorded the highest and lowest turnover over the past...
Auction activity is set to increase this week across the combined capital cities, with 2,832 properties scheduled to go to auction, up from last week’s final result of 1,764 auctions held.
The December quarter regional market update produced by CoreLogic shows a change in direction where for several quarters, the NSW Illawarra region topped the list as the country’s best performing regional market.
This week’s Property Pulse looks at the suburbs across the capital cities in which houses and units which had the shortest median days on market throughout 2017.
Auction activity is expect to be somewhat sedate this week, with a total of 1,526 homes scheduled for auction across the combined capital cities, down 50 per cent on last week’s final results which saw a total of 3,026 auctions held.
There were 2,980 homes taken to auction across the combined capital cities this week, returning a preliminary auction clearance rate of 65.9 per cent, while last week, 3,313 auctions were held and the final clearance rate came in at 66.8 per cent
The latest data from the Reserve Bank (RBA) shows that the expansion of housing credit is occurring at a historically sluggish pace as tighter credit policies and slower housing market conditions dampen investment participation in the housing market.
Headline capital city value change figures only tell part of the story, more detailed insights can be seen by observing changes in dwelling values across smaller geographies.