Today’s cut takes the cash rate target to an unprecedented low. If passed on by the banks, which is highly likely, we will see mortgage rates fall further from their already record lows.
There were 1,757 homes take to auction across the combined capital cities this week, up from 1,427 over the previous week and 1,555 this time last year.
Following five months of consistent declines in residential property values, CoreLogic’s national home value index moved back into positive month-on-month growth through October, posting a 0.4% rise. The lift in home values was broad based, with every capital city apart from Melbourne posting a rise in...
Factoring inflation into the rate of capital gains of dwelling values provides an important perspective that is often overlooked. CoreLogic data reveals the real house price growth that has occurred in different capital cities over the past decade.
The decline in national rental values eased over the September quarter, down -0.2% from -0.5% over the June quarter.
Auction volumes continue to rise with 1,807 auctions scheduled to take place across the combined capital cities this week, increasing by around 27 per cent from last week when 1,427 auctions were held.
There were 1,456 capital city homes taken to auction this week, the largest volume of auctions seen since early April. According to preliminary figures, of the 1,100 results collected so far, 842 were successful auctions.
New, for sale listings have increased 330% in Melbourne over the four weeks to October 18th, as physical inspections have resumed across the city from late September. The increase in listings volumes is good news for the real estate sector, but whether this stock is absorbed will be tested in the weeks ahead....
The combined capital city preliminary auction clearance rate improved this week as volumes rose. There were 1,134 homes taken to auction, up from the 1,084 auctions held last week.
Auction volumes increased over the three months to September with 14,216 homes taken to auction across the combined capital cities, up from 13,783 over the previous quarter, although lower than this time last year when 16,730 homes were taken to auction over the September 2019 quarter.
There are 1,163 capital city auctions being tracked by CoreLogic this week, up from 1,084 auctions last week, although lower than the 1,955 held over the same week last year.
Property investor activity in the Australian housing market has been falling since early 2015, after macro-prudential policies were implemented in Australian mortgage lending. Apart from a brief ‘bounce’ in 2016, investor participation has been consistently trending lower. But can we expect investor...