The number of properties scheduled to go to auction this week is expected to surpass last week as the busiest week for auctions since June, with CoreLogic currently tracking 2,592 auctions across the combined capital cities, up from last week when final results saw 2,510 auctions held.
Earlier this week the Australian Bureau of Statistics (ABS) released their Residential Property Price Indexes for the June 2017 quarter. The data confirmed what the CoreLogic Home Value Index has already told us, the rate of growth in the housing market is slowing, particularly so in Sydney.
There were 2,490 auctions held across the combined capital cities this week, up from 2,258 last week, making it the busiest week for auctions since the beginning of June.
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.