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...
CoreLogic research analyst Cameron Kusher today explores the market decline of a property from its peak in percentage terms and what this then means in dollar value.
The weighted average preliminary clearance rate rose across a higher volume of auctions this week with 1,019 homes taken to market returning a 54.6 per cent success rate.
Mill Park in Victoria is the busiest individual suburb for auctions this week, with 11 homes scheduled to go under the hammer, followed by Craigieburn and Epping each with 10 auctions scheduled.
The Australian Bureau of Statistics (ABS) recently released the quarterly Building Activity data for December 2018.
This week, with Sydney being the busiest capital city for auctions it’s not surprising that all of the busiest suburbs are located within the city. Topping the list with 7 scheduled auctions is Vaucluse, followed by Rose bay (6), while Cronulla, Leichhardt and Randwick will be hosting 5 auctions each.
Around half of all homes up for auction across Australia’s capital cities sold during the first quarter of 2019, with the latest CoreLogic Quarterly Auction Market Review showing a clearance rate of 49.9 per cent across the combined capitals. This is an increase of +6.6 percentage points on the December...
There were 2,268 homes taken to auction across the combined capital cities this week, increasing from 1,976 over the previous week and 1,915 over the same week last year.
Migration data from the Australian Bureau of Statistics (ABS) highlighted that an increasing number of Australian residents were born overseas.
The Melbourne suburb of Richmond is set to be the busiest place for auctions this week with 21 homes expected to go under the hammer. Sydney’s Leichhardt has 16 auctions scheduled, followed by Maroubra (15) and Mosman (14), also in Sydney.
This week 1,978 auctions were held across the combined capital cities, returning a preliminary auction clearance rate of 57.2 per cent. Over the previous week, a final clearance rate of 50.9 per cent across 2,164 auctions was recorded making it the third consecutive week where the clearance rate has held...
The first CoreLogic Quarterly Rental Review for 2019, which tracks median rents and rental yields across Australia, shows that national weekly rents have risen by 1 per cent during the first three months of the year.