Auction volumes fall across the combined capital cities leading into Spring with 2,060 auctions held and a preliminary clearance rate of 70.0%.
The Australian Bureau of Statistics (ABS) recently published population estimates by age and sex which provides a timely opportunity to look at the housing market performance of those council area’s nationally which are most popular with over 65’s.
The quarterly property exposures data of authorised deposit-taking institutions (ADIs) reveals a big fall in interest-only mortgage lending in the June 2017 quarter.
Australia’s leading property data and analytics provider, CoreLogic, has launched its new-generation Hedonic Home Value Index, using updated methodologies and processes to provide insights into housing market conditions across the regions of Australia.
Auction activity is expected to see a slight increase this week across the combined capital cities, with 2,086 properties scheduled to go to auction, up from last week’s final of 2,064 auctions held.
This week across the combined capital cities, the preliminary auction clearance rate rose to 71.7%, up from last week when the final clearance rate fell to 67.5%.
Earlier this week the Sydney Morning Herald ran an article entitled Scott Morrison urges retirees to ‘free up larger homes for younger families.’ The logic seemed sound but what’s in it for the retirees to do this?
The number of auctions scheduled across the combined capital cities this week is expected to see a slight fall, with 1,878 properties scheduled to go under the hammer, after last week saw volumes reach their highest levels since June (2,040).
Auction volumes rise to highest level in six weeks while preliminary clearance rates hold firm in the low 70 per cent range
According to the latest housing finance data released by the Australian Bureau of Statistics, demand from the investor segment increased slightly in June 2017 while owner occupier mortgage demand was steady over the month.