The CoreLogic hedonic decile series splits the market into 10 even segments based on the value of properties providing a more detailed view on how dwelling values are tracking across each city. In this week’s Pulse we compare growth across the most affordable 10% of properties (1st decile) and the most...
Auction volumes increased significantly over the week with 1,991 homes taken to auction across the combined capital cities, up from just 904 last week when auction volumes were lower due to the Queen’s Birthday long weekend.
The top 5 busiest suburbs for auctions this week are all in Victoria; not surprising given Melbourne is set to be the busiest auction market.
Capital city preliminary clearance rate shows little improvement, with auction activity across the capitals significantly lower.
The latest private sector credit data from the Reserve Bank (RBA) shows that the expansion of housing credit continues to slow with both owner occupier and investor credit growth tracking lower in April.
Auction activity is expected to be quite subdued across the capital cities this week, with a total of 814 homes scheduled for auction
Auction clearance rates cool over the first week of winter, remaining below 60 per cent for the fourth consecutive week.
The May CoreLogic home value index results out today confirm that national dwelling values dipped by 0.1% over the month, fueled by weaker conditions in Melbourne and Sydney while regional dwelling values continued to tick higher.
CoreLogic is tracking 2,121 capital city auctions this week, down slightly on last week’s 2,297 auctions held, with weekly volumes remaining relatively steady over past month while the weighted average clearance rate has continued to weaken.
In this week’s Property Pulse we check-in on the regional areas of the country and look at how values have increased over the past year and where they sit relative to previous peaks.
Australia’s premium housing market has softened more than its more affordable segment, according to the latest CoreLogic Decile Report.