Residential Real Estate News 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, the new listings trends remain below the five-year average in every capital apart from Adelaide, Perth and Darwin. 23 Sep 2021 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 continue? Can it continue? Tim Lawless explains. 16 Sep 2021 Get the CoreLogic Newsletter Receive a weekly email with the latest housing market information, news and updates. Email More Surge in Melbourne auction withdrawals sees combined capital city preliminary clearance rate drop to lowest level since late July 2020 There were 1,977 homes taken to auction across the combined capital cities this week, revising down from the 2,106 originally expected as a number of vendors reschedule to a later date. The previous week saw a lower 1,822 homes taken to auction across the combined capitals, while there were 1,064 auctions... 23 Aug 2021 National Auction Market Preview - 22 August 2021 There are 2,106 capital city homes currently scheduled to go under the hammer this week, although we may see some downwards revision in the actual number of homes taken to auction amidst ongoing lockdowns and restrictions. Over the previous week, 1,822 auctions were held across the combined capital cities,... 18 Aug 2021 What does Spring selling season look like in lockdown? Less than two weeks out from the spring selling season of 2021, lockdown conditions are in place across the ACT, Greater Melbourne and NSW. More recently, major centres across the Northern Territory have been plunged into a snap lockdown. In the decade prior to COVID-19, sales and listings volumes would... 18 Aug 2021 Building demand drives 1.4% quarterly increase in Australia’s housing construction costs CoreLogic’s national measure of residential construction costs show an increase of 1.4% in the three months to June 2021, outpacing the Consumer Price Index of 0.8% for the same period. 18 Aug 2021 Auction clearance rates dragged lower as the three most popular auction markets navigate lockdowns There were 1,918 homes taken to auction across the combined capital cities this week, up from 1,606 over the previous week, although lower than the 2,139 originally expected due to a larger number of auctions postponed to a later date. Over the same week last year, 1,046 auctions were held across the combined... 16 Aug 2021 Australia’s dwelling sales to new listings ratio hits an average of 1.4 in the three months to July As dwelling sales continue to surge across Australia against low listings levels, CoreLogic estimates in the three months to July there were around 171,100 sales. This is 53.4% higher than the five year average. In the same period, there were just 121,200 new listings, which has lifted the ‘sales to new... 12 Aug 2021 National Auction Market Preview - 15 August 2021 12 Aug 2021 Auction markets see reduced activity due to lockdowns, but the preliminary clearance rate holds above 75% across the combined capitals. Auction volumes and the combined capital city preliminary clearance rate fell week-on-week with 1,672 auctions held and a success rate of 76.4%. This comes as Melbourne announces a 7-day snap lockdown resulting in the 3 largest capital cities now being in lockdown. Last week, a preliminary auction clearance... 9 Aug 2021 National Auction Market Preview - 8 August 2021 5 Aug 2021 RBA holds on monetary policy despite COVID-induced disruption to economic recovery Given the heightened level of uncertainty from recent COVID outbreaks and subsequent lockdowns, the RBA has acknowledged Australia’s economy is likely to move into reverse through the September quarter, along with an increase in unemployment. 3 Aug 2021 Combined capital city preliminary auction clearance rate rises as volumes remain steady There were 2,077 homes originally scheduled to go to auction this week across the combined capital cities, however this has revised down to 1,806 auctions as a portion are rescheduled to a later date. Of the 1,466 results collected so far, which equates to an 81.2% preliminary collection rate, 79.2% were sold... 2 Aug 2021 Growth cycle tapering as housing becomes less affordable Australian housing values increased a further 1.6% in July, according to CoreLogic’s national home value index. The latest rise takes housing values 14.1% higher over the first seven months of the year and 16.1% higher over the past 12 months. 2 Aug 2021 National Auction Market Preview - 1 August 2021 29 Jul 2021 Pagination Page 2 of 13 First page « First Previous page ‹ Previous Page 1 Current page 2 Page 3 Page 4 Page 5 … Next page Next › Last page Last »
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, the new listings trends remain below the five-year average in every capital apart from Adelaide, Perth and Darwin. 23 Sep 2021
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 continue? Can it continue? Tim Lawless explains. 16 Sep 2021
Surge in Melbourne auction withdrawals sees combined capital city preliminary clearance rate drop to lowest level since late July 2020 There were 1,977 homes taken to auction across the combined capital cities this week, revising down from the 2,106 originally expected as a number of vendors reschedule to a later date. The previous week saw a lower 1,822 homes taken to auction across the combined capitals, while there were 1,064 auctions... 23 Aug 2021
National Auction Market Preview - 22 August 2021 There are 2,106 capital city homes currently scheduled to go under the hammer this week, although we may see some downwards revision in the actual number of homes taken to auction amidst ongoing lockdowns and restrictions. Over the previous week, 1,822 auctions were held across the combined capital cities,... 18 Aug 2021
What does Spring selling season look like in lockdown? Less than two weeks out from the spring selling season of 2021, lockdown conditions are in place across the ACT, Greater Melbourne and NSW. More recently, major centres across the Northern Territory have been plunged into a snap lockdown. In the decade prior to COVID-19, sales and listings volumes would... 18 Aug 2021
Building demand drives 1.4% quarterly increase in Australia’s housing construction costs CoreLogic’s national measure of residential construction costs show an increase of 1.4% in the three months to June 2021, outpacing the Consumer Price Index of 0.8% for the same period. 18 Aug 2021
Auction clearance rates dragged lower as the three most popular auction markets navigate lockdowns There were 1,918 homes taken to auction across the combined capital cities this week, up from 1,606 over the previous week, although lower than the 2,139 originally expected due to a larger number of auctions postponed to a later date. Over the same week last year, 1,046 auctions were held across the combined... 16 Aug 2021
Australia’s dwelling sales to new listings ratio hits an average of 1.4 in the three months to July As dwelling sales continue to surge across Australia against low listings levels, CoreLogic estimates in the three months to July there were around 171,100 sales. This is 53.4% higher than the five year average. In the same period, there were just 121,200 new listings, which has lifted the ‘sales to new... 12 Aug 2021
Auction markets see reduced activity due to lockdowns, but the preliminary clearance rate holds above 75% across the combined capitals. Auction volumes and the combined capital city preliminary clearance rate fell week-on-week with 1,672 auctions held and a success rate of 76.4%. This comes as Melbourne announces a 7-day snap lockdown resulting in the 3 largest capital cities now being in lockdown. Last week, a preliminary auction clearance... 9 Aug 2021
RBA holds on monetary policy despite COVID-induced disruption to economic recovery Given the heightened level of uncertainty from recent COVID outbreaks and subsequent lockdowns, the RBA has acknowledged Australia’s economy is likely to move into reverse through the September quarter, along with an increase in unemployment. 3 Aug 2021
Combined capital city preliminary auction clearance rate rises as volumes remain steady There were 2,077 homes originally scheduled to go to auction this week across the combined capital cities, however this has revised down to 1,806 auctions as a portion are rescheduled to a later date. Of the 1,466 results collected so far, which equates to an 81.2% preliminary collection rate, 79.2% were sold... 2 Aug 2021
Growth cycle tapering as housing becomes less affordable Australian housing values increased a further 1.6% in July, according to CoreLogic’s national home value index. The latest rise takes housing values 14.1% higher over the first seven months of the year and 16.1% higher over the past 12 months. 2 Aug 2021
