CoreLogic today released its September quarter largest regional area insights which once again confirms The Illawarra region in New South Wales as the country’s standout regional performer by recording the largest annual increase in home values of 13.0 per cent for houses and 17.0 per cent for units.
There were 3,276 auctions held across the combined capital cities this week, returning a preliminary auction clearance rate of 63.5 per cent, increasing on last week’s final auction clearance rate of 61.1 per cent when the combined capitals recorded the third busiest week for auctions so far this year...
Sydney and Melbourne regions have experienced the strongest value growth over the past decade while the other capital cities have generally seen comparatively moderate value increases.
National dwelling values held steady in November, with a 0.1% fall in capital city dwelling values offsetting a 0.2% rise in values across the combined regional markets of Australia, according to CoreLogic’s November Hedonic Home Value Index results.
There are fewer homes scheduled to go to auction across the combined capital cities this week, after last week recorded the third busiest week for auctions so far this year.
There were 3,409 homes taken to auction across the combined capital cities this week, returning a preliminary auction clearance rate of 66.9 per cent, overtaking last week as the third busiest week for auctions so far this year.
Over recent weeks, auction clearance rates across the nation’s two largest housing markets (Sydney and Melbourne) have been significantly lower than they were 12 months ago. So whats driving the weakness in clearance rates?
By looking at the values of the 10th and 90th percentiles of dwellings across the country we get a much better idea about the varying value of housing across the nation.
This week, CoreLogic is currently tracking 3,208 auctions across the combined capital cities, the number of properties scheduled to go to auction this week is down only 5 per cent on last week’s final figures, which saw 3,390 auctions held across the cities, which was lower than the 3,398 auctions held one...
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The combined capital cities returned a preliminary auction clearance rate of 65.4 per cent this week across 3,335 auctions making it the third busiest week for auctions so far this year, increasing from 62.8 per cent across 2,907 auctions last week
Recently, I did something that, ordinarily, you’re not supposed to do - my wife and I sold up our five bedroom house in the suburbs and with our dog, the three of us moved to a three bedroom apartment in the inner-city; the reactions have been somewhat interesting with some saying they wish they could bring...
Auction activity is expected to remain relatively steady this week, with 3,066 homes scheduled to go to auction across the combined capital cities, this is an increase of 5 per cent on last week’s final figures which saw 2,907 auctions held and slightly higher than volumes from one year ago (2,987).