Residential Real Estate News

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Housing Downturn Losing Steam As The Pace Of Declining Home Values Continues To Reduce In May

The CoreLogic May 2019 home value index results out today showed national dwelling values were down 0.4% over the month; the smallest month-on-month fall in a year.

3 Jun 2019

Generic Overview

Australia’s Dwelling Values Fall Half A Percent In April As Rate Of Decline Continues To Ease

The CoreLogic April 2019 home value index results out today confirmed that the decline in home values has lost some momentum over recent months as falling values lose steam in Sydney and Melbourne. Simultaneously, more regions across the country saw housing values slip lower as the downturn becomes more geographically diverse.

1 May 2019

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Preliminary Clearance Rate Of 69 Per Cent Across The Combined Capital Cities

There were 854 homes taken to auction across the combined capital cities this week returning a preliminary clearance rate of 69 per cent.

National Auction Market Preview - 14 July

The busiest suburbs for auctions this week are Randwick in NSW and Pascoe Vale in Vic, with 8 homes scheduled for auction each, while Reservoir (Vic) follows closely with 7 scheduled auctions.

Household Wealth Falling, Household Debt, Not So Much

The latest household wealth data from the Australian Bureau of Statistics (ABS) showed that over the past year, household net worth fell as liabilities grew much quicker than assets.

First Week Of July Sees Combined Capital City Clearance Rate Above 60 Per Cent For 4th Consecutive Week

There were fewer homes taken to auction over the first week of July, with 945 capital city auctions held returning a preliminary auction clearance rate of 68.9 per cent; the 4th consecutive week above 60 per cent.

Over 60 Per Cent Of Capital City Homes Sell At Auction For The 3rd Consecutive Week

There were 1,292 capital city homes taken to auction over the final week of June, returning a preliminary auction clearance rate above 60 per cent for the third consecutive week (66.5 per cent).

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Sydney And Melbourne Housing Values Edge Higher In June, But Values Still Trending Lower On A National Basis

The CoreLogic June 2019 home value index results out today showed national dwelling values were down 0.2% over the month, supported by subtle rises in Sydney, Melbourne and Hobart while other capital city home values continued to trend lower over the month.

National Auction Market Preview - 30 June

There are 11 homes in Victoria’s Bentleigh East set to go under the hammer this week, making it the busiest individual suburb for auctions. Northcote and Reservoir also in Victoria follow very closely with 10 scheduled auctions each.

Population Growth Ramping-Up Again

The latest demographic data for December 2018 shows that population growth has lifted over recent months driven by increases in both natural increase and net overseas migration.

Melbourne Was The Top Performer This Week With A Preliminary Clearance Rate Of 69.7 Per Cent Across 644 Auctions

p>There were 1,480 homes taken to auction across the combined capital cities this week returning a preliminary clearance rate of 63.7 per cent.

Lenders Continue To Reduce The Risks In Their Mortgage Books

The latest data from the Australian Prudential Regulation Authority (APRA) on property exposures data from authorised deposit-taking institutions (ADIs) shows that the tougher lending policies of recent years continue to reduce mortgage risks.

How Often Have Values Been At Their Peak?

In this week’s Property Pulse we analyse historical market trends to determine when values have sat at a peak and when they have deviated from their peak how large has that deviation been.

The Rate Of Value Decline Across The Most Expensive Properties Is Starting To Slow

This week’s Property Pulse summarises the change in housing values across three broad valuation segments (upper quartile, lower quartile and broad middle of the market) based on CoreLogic’s stratified hedonic index.

Combined Capital City Clearance Rate Bounces Back After Last Week’s Long Weekend Slump

Auction volumes increased week-on-week with 1,487 auctions held across the combined capital cities this week, returning a preliminary auction clearance rate of 66.4 per cent.