This week's property pulse reveals the regions where we may see the most take-up of the HomeBuilder renovations grant. We count the number of owner-occupied dwellings with a valuation of less than $1.5 million.
There are 1,179 capital city auctions being tracked by CoreLogic this week, increasing on the 711 auctions last week.
COVID-19 has brought about downside risks for the economy and housing market. A 0.3% decline in March GDP confirmed a technical recession is underway in Australia, total wages paid fell 5.4% between mid-March and early May, and Australian dwelling market values saw the first month-on-month decline since June...
This week, 694 capital city homes were scheduled for auction, with preliminary results returning a 59.8 per cent clearance rate.
The first week of winter is set to see 618 capital city homes taken to auction, down on the 856 auctions scheduled last week.
The start of the Perth dwelling market recovery comes at an unfortunate time. In early 2020, the Perth dwelling market had four consecutive months of dwelling value increases, which is the longest stretch of capital growth since 2014.
This week, 867 capital city homes were scheduled for auction, with preliminary results returning a 65.9 per cent clearance rate.
According to the CoreLogic Home Value Index results for May, Australian dwelling values posted their first month-on-month decline since June last year.
The combined capital city auction market is expected to see a slight increase in auction volumes this week.
CoreLogic has released its March Quarter Property Market & Economic Review, Eliza Owen Head of Research Australia provides insights around the state of housing before the onset of COVID-19 as well as an assessment of what is ahead.
The combined capital cities returned a preliminary auction clearance rate above 70% this week, which was the highest preliminary result we’ve seen since early March.
There are 472 capital city auctions being tracked by CoreLogic this week, increasing on the 417 auctions last week.