The combined capital cities are expected to see a lower volume of auctions this week with CoreLogic currently tracking 2,055 auctions, down from 2,311 last week.
It’s intuitive that housing market conditions would have a close relationship with credit flows; when funds are flowing freely and rates are low, home buyers and investors step up their presence in the housing market and when credit is harder to come by or more expensive, things slow down.
The combined capital cities saw fewer homes taken to auction this week, with a total of 2,280 held, down on last week when 2,577 were held.
The latest annual taxation data shows that state and local government coffers were boosted by $52.5 billion in 2016-17 due to taxes on property.
National dwelling values nudged 0.1% lower in April, the seventh consecutive month-on-month fall since values started retreating in October last year according to the CoreLogic April home value index results out today.
In this blog, we look at arrivals and departures both internally (ie interstate and intrastate moves) and overseas across the SA2 regions of the country.
With the release of March 2018 quarter CPI data it shows that in inflation adjusted terms, dwelling values are now lower than they were at their peak in most capital cities.
The number of homes taken to auction across the combined capital cities rose this week, with a total of 2,539 held, the higher volumes returned a preliminary clearance rate of 62.5 per cent. Last week, there were 1,799 capital city auctions returning a 62.2 per cent final clearance rate.
With full time employment on the rise, prime office vacancies tightening and the private sector of Australia in recovery from the mining bust, there is a buzz of activity in office construction. In addition, increased participation of institutional investors against a low interest rate environment has seen a...
This week, the number of auctions scheduled to take place across the combined capital cities is expected to rise, with 2,342 currently being tracked by CoreLogic, increasing from the 1,799 auctions held last week at final results and similar to the volume of auctions held over the same week last year (2,350).
A better housing blueprint, financial literacy for homebuyers and a sustainable access to credit following the banking royal commission are critical to the resolution of Sydney and Melbourne's housing affordability issue, CoreLogic's Olumide Soroye says.
Auction activity remains relatively steady across the combined capital cities this week, with a total of 1,746 homes taken to market, returning a success rate of 63.1 per cent increasing from last week’s final clearance rate which saw the lowest weighted average result so far this year at 61.7 per cent (1,915...