There are 1,161 capital city auctions being tracked by CoreLogic this week, down from 1,224 auctions last week, but higher than this time last year when 847 homes were taken to auction.
Auction volumes were down week on week across the combined capital cities, with a total of 1,185 homes scheduled for auction.
There are 1,115 capital city auctions being tracked by CoreLogic this week, down from 1,485 auctions last week, but higher than this time last year when 953 homes were taken to auction.
The July CoreLogic index results show the Melbourne property market is the worst capital city performer since the onset of COVID-19. Several cyclical and structural factors may explain why Melbourne in particular has experienced a more rapid decline.
Following a 0.4% decline in May, the CoreLogic Home Value Index recorded a second consecutive month of falls, with the national index down 0.7% in June.
There were 1,424 homes scheduled for auction this week returning a preliminary auction clearance rate of 64.5 per cent.
The stringent government response to COVID-19 has undoubtedly placed the property market cycle at the cusp of another downswing. So far, property value declines have been fairly mild. However, the Australian housing market is not one market, but a collection of many. Over the past few months, dwelling market...
Over the past two months, economic and housing market indicators have shown an improvement since April. But labour force data only worsened in May, and highlights sobering headwinds for the property market.
Amid COVID-19, much attention has been given to weaker rental market conditions. But as with buying and selling property, market conditions vary substantially among regions. New data estimates from CoreLogic, calculating the portion of rental stock advertised, shows further variation in the performance of...
This week, as auction volumes increased across the combined capital cities, so too did the clearance rate.
This week, 1,226 capital city auctions are currently being tracked by CoreLogic, increasing from the 1,181 auctions held last week at final results.
The week saw the combined capital city preliminary auction clearance rate improve with 63.3% of homes selling at auction over the week.
The announcement of the HomeBuilder stimulus from the federal government in early June has been met with a mixture of excitement and criticism. This blog analyses one of the common criticisms emerging around the scheme, which is the concept that HomeBuilder only benefits those that were already planning to...