Residential Real Estate News

New listings continue to rise, but are they in the areas where you want to buy?

As lockdown restrictions ease across Sydney, Melbourne and the ACT, the spring selling season has started in earnest, and vendors are piling properties onto the market. New listings have surged with 45,000 new properties added to the market. But is the freshly advertised stock sitting in parts of Australia where people actually want to buy? Eliza Owen explores.

20 Oct 2021

Housing affordability pressures create pain for apartment upgraders

Rapid growth in Australian housing values and rents over the past year has contributed to greater affordability pressures for households. The situation poses a particular barrier for those looking to upgrade from apartments to houses, Eliza Owen explains.

14 Oct 2021

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Lift off for new listings, as Australia's spring selling season begins in earnest

Freshly listed housing stock is starting to lift as the spring selling season begins to heat up. Every Australian capital city has seen a lift in the number of new real estate listings over recent weeks, with some of the largest listing increases recorded in those capitals navigating lockdown. Despite this,...

National Auction Market Preview - 26 September 2021

There are 1,680 capital city homes currently scheduled to go under the hammer this week, up from 1,672 over the previous week. This time last year, 1,082 auctions were held across the combined capital cities.

Combined capital city preliminary auction clearance rate improves across higher volumes

There were 1,835 homes taken to auction across the combined capital cities this week, up from 1,453 over the previous week and 915 this time last year. Of the 1,419 results collected so far, 74.6 per cent were successful. The previous week saw a preliminary auction clearance rate of 72.3 per cent, which...

Housing turnover reaches the highest level in nearly 12 years

CoreLogic estimates almost 598,000 properties sold across Australia in the 12 months to August. That’s the highest number of annual sales since 2004 and 31% higher than the 10-year average. Even though overseas migration has stalled, there’s been a surge in domestic demand for the past 12 months. Will it...

National Auction Market Preview - 19 September 2021

There are 1,894 capital city homes currently scheduled to go under the hammer this week, up from 1,453 over the previous week. This time last year, 915 auctions were held across the combined capital cities.

Preliminary auction clearance rate of 72.3 per cent across combined capital cities

There were 1,591 homes taken to auction across the combined capital cities this week, up from 1,423 over the previous week and 816 this time last year. Of the 1,207 results collected so far, 72.3 per cent were successful. The previous week saw a preliminary auction clearance rate of 67.3 per cent, which...

The impact of macro-prudential policies on the housing market

More attention is being paid to the potential for a change in macro-prudential policies on the housing market as Australia’s property values continue to rise and mortgage debt levels increase faster than their long-term averages. CoreLogic’s Research Director Tim Lawless analyses the triggers for tighter...

National Auction Market Preview - 12 September 2021

Auction volumes are set to rise week-on-week, with 1,638 capital city homes currently scheduled to go under the hammer this week, up from 1,423 over the previous week. This time last year, 816 auctions were held across the combined capital cities.

Combined capital city preliminary clearance rate improves across lower volumes and fewer withdrawals

There were 1,535 homes taken to auction across the combined capital cities this week, down only slightly from the 1,567 originally scheduled. In comparison, there were 1,960 auctions held across the combined capitals over the previous week, and 866 over the same week last year. So far, 1,183 results have been...

National Auction Market Preview - 5 September 2021

Auction volumes are set to drop week-on-week, with 1,567 capital city homes currently scheduled to go under the hammer this week, down from 1,960 over the previous week. This time last year, 866 auctions were held across the combined capital cities.

Australian housing boom continues to lose steam as national home values rise another 1.5% in August

Australian housing values continued to record a broad-based rise despite the disruption from lockdowns. According to CoreLogic’s national home value index, dwelling values rose 1.5% in August; a rate of growth that is still well above average, but the lowest monthly rise since January.

Melbourne withdrawals continue to impact heavily on the combined capital city clearance rate

Auction volumes increased week-on-week with 2,245 homes taken to auction across the combined capital cities this week, up from 1,764 over the previous week and 1,128 this time last year. Of the 1,683 results collected so far, 55.4 per cent were successful making it the lowest preliminary clearance rate...

National Auction Market Preview - 29 August 2021

There are 2,367 capital city homes currently scheduled to go under the hammer this week, although as usual we may see some downwards revision in the actual number of homes taken to auction amidst ongoing lockdowns and restrictions. Over the previous week, 1,764 auctions were held across the combined capital...