The Australian Bureau of Statistics (ABS) released their biennial survey of household income and wealth recently. The release has a huge amount of valuable data but at least initially I thought it was pertinent to look at the dwelling tenure data.
Preliminary figures show 70.2 per cent of auctions were successful across the combined capital cities, while auction activity increases week-on-week.
The number of properties scheduled to go to auction this week is only slightly lower than final results last week.
The RBA met industry expectations today, announcing its decision to hold the official interest rate at the record low of 1.5 per cent for September. The cash rate last moved in August 2016, shifting down to the current rate. CoreLogic head of research Tim Lawless comments.
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.