Auction activity continues to trend lower through the winter season, with the preliminary auction clearance rate holding in the mid 50 per cent range
This week’s Pulse takes a look at the performance of dwelling values across the most populous coastal housing markets nationwide.
Earlier last week the Australian Bureau of Statistics (ABS) released their building activity data for the March 2018 quarter.
It’s expected to be a relatively quiet week for auctions across the combined capital cities, with 1,100 homes scheduled to go under the hammer this week, down from the 1,411 auctions held last week, auction volumes have trended lower over each of the last 4 weeks.
The latest housing credit data released by the Reserve Bank showed that the expansion of housing credit continued to slow in May 2018.
The combined capital cities saw fewer homes taken to auction this week with a total of 1,400 held, down from the prior week when 1,671 auctions took place.
In this week’s Pulse we delve into how national housing markets have performed in terms of value growth in the 2017-18 financial year and how it stacks up against previous years.
A myriad of ‘push’ and ‘pull’ factors, whether they be regulatory, monetary or fiscal, affect foreign acquisition of Australian assets.
Rents are rising across Australia but at a slower pace than they were 12 months ago, according to the latest Quarterly Rental Review by CoreLogic.
The combined capital cities are set to see fewer auctions take place this week, with a total of 1,323 properties scheduled to go under the hammer.
According to CoreLogic’s hedonic home value index Australian dwelling values fell for the ninth consecutive month in June, taking national dwelling values 1.3% below their September 2017 peak.