Capital city auction activity ramps up after the seasonal slowdown, with 891 homes taken to auction this week; a considerably higher number of auctions when compared to the same week last year (625).
Data from CoreLogic reveals which housing markets have seen the highest value increases relative to their value at March 2020.
Housing values continued to rise through the first month of 2021 with CoreLogic's national home value index up 0.9% over the month.
CoreLogic’s Rental Market Review for the December 2020 quarter released today has reiterated the diverse rental conditions across Australia over the year, with regional markets outperforming capital cities and unit markets recording weak conditions across the largest capital cities.
There has been no shortage of reporting about the relatively strong performance of regional Australian dwelling markets over 2020. December home value data showed the combined regional dwelling market increased 6.9% in value over the year; a growth rate more than three times the rate of the combined capital...
CoreLogic’s Auction Market Review for the December quarter 2020 saw the combined capital city clearance rate continue to strengthen, while auction volumes increased by 44 per cent over the same period.
CoreLogic’s Pain and Gain report for the September 2020 quarter released today has revealed Hobart retained its position asthecapital citywith the highest rate of profit making resalesat 96.6%, while regional Victoria was the most profitable ‘rest of state’ region with 97.5% of dwellings sold for a profit in...
Australia’s housing market finished the year on a strong footing with CoreLogic’s national home value index rising a further 1.0% in December; the third consecutive month-on-month rise following a -2.1% drop in dwelling values between April and September.
Last week was the busiest week for auctions the capital city markets have seen since early April, with a total of 2,580 homes taken to market.
In 2020, COVID-19 mildly impacted Australian housing prices, but created volatility in transaction activity. These factors have drawn renewed scrutiny of stamp duty on residential property, and may have influenced some of the timely reform and discounting in stamp duties over the year.
In a year that no one could have predicted, from a deadly global pandemic to our largest economic downturn since the 1930’s, CoreLogic’s Best of the Best 2020 Report released today reveals Australia’s $7.2 trillion residential real estate market proved remarkably resilient.