Residential Real Estate News The premium for houses over units has hit record highs – which capital city shows the biggest gap? Since the onset of COVID-19, a prominent trend across the Australian dwelling market has been high demand for detached houses. This is reflected in price changes of houses and units since March last year, as stage 2 restrictions rolled out across the nation. In the past 16 months, capital city house values rose 14.2%. This is more than double the 5.6% rise in capital city unit values over the same period. 29 Jul 2021 Australian residential auction market records busiest period since 2017 CoreLogic’s Auction Market Review for the June quarter 2021 shows 31,605 homes were taken to auction across the combined capital cities in the three months to June 2021. These figures make it the busiest quarter for auctions since the December 2017 quarter when 32,408 capital city auctions were held. 26 Jul 2021 Get the CoreLogic Newsletter Receive a weekly email with the latest housing market information, news and updates. Email More RBA firm on cash rate, but other headwinds could slow property value growth At today’s monthly board meeting, the RBA held the official cash rate at 0.1%. Additionally, the RBA’s Term Funding Facility (TFF), which has been providing additional support for low mortgage rates, expired at the end of last month. With the expiry we could see additional upwards pressure on longer term... 6 Jul 2021 Auction volumes and clearance rates dip as uncertainty amid COVID cases rise This week, 2,177 capital city homes went to auction, down on the 2,960 auctions held over the week prior. The lower volumes come about as the nation battles with multiple state lockdowns as uncertainty around COVID cases worsen. The lower week-on-week volumes saw the preliminary auction clearance rate dip,... 5 Jul 2021 Australian dwelling values finish the financial year 13.5% higher, but a loss of momentum is clear National home values rose 1.9% in June, taking annual growth to 13.5% for the financial year. The growth in Australian dwelling values was led by houses, which rose 15.6% over the year, compared to a 6.8% lift in unit values. 1 Jul 2021 National Auction Market Preview - 4 July 2021 1 Jul 2021 Combined capital city preliminary clearance rate weakens as volumes rise The combined capital city preliminary auction clearance rate weakened slightly as volumes rose. There were 2,976 capital city homes taken to auction over the week, revising down from initial predicted volumes by 2% as the Sydney COVID outbreak grew resulting in four Sydney LGA’s going into lockdown. 28 Jun 2021 Australia’s property market upswing pushes rate of profit-making resales over 90 per cent in March quarter CoreLogic’s Pain and Gain report for the March 2021 quarter found the portion of profit making resales between January and March 2021 increased to 90.3% nationally, up from 89.1% in the previous quarter and the COVID-induced low of 86.0% in the three months to June 2020. 24 Jun 2021 National Auction Market Preview - 27 June 2021 There are 3,043 capital city homes currently scheduled to go under the hammer this week, although with the introduction of various new restrictions as the current COVID outbreak in Sydney grows, we may see some downwards revision in the actual number of homes taken to auction. Over the previous week, 2,400... 23 Jun 2021 Combined capital city auction clearance rate holds steady on higher volumes There were 2,418 homes taken to auction across the combined capital cities this week, revising down from the 2,610 auctions predicted earlier in the week, with the majority of the downwards revision once again seen in Melbourne. The previous week saw 1,413 homes taken to auction across the combined capitals,... 21 Jun 2021 218 markets reach the million dollar club, according to new report Despite a tumultuous 12 months for the Australian property market, from COVID-induced dips to new record high peaks, CoreLogic’s inaugural Million Dollar Markets report released today has identified 218 markets where either house or unit median values in a suburb reached the million-dollar-mark in May 2021... 18 Jun 2021 National Auction Market Preview - 20 June 2021 17 Jun 2021 Combined capital city preliminary auction clearance rate rises on lower volumes There were 1,426 homes taken to auction across the combined capital cities this week, revising down from the 1,636 auctions predicted earlier in the week. The downwards revision is largely seen in Melbourne which came out of lockdown just prior to the weekend, albeit with several restrictions still in place. 14 Jun 2021 National Auction Market Preview - 13 June 2021 10 Jun 2021 Melbourne lockdown impacts auction volumes with 2,691 auctions held across the combined capital cities This week, 2,691 homes were taken to auction across the combined capital cities, revising down from the 3,101 auctions predicted earlier in the week. 7 Jun 2021 Pagination Page 2 of 63 First page « First Previous page ‹ Previous Page 1 Current page 2 Page 3 Page 4 Page 5 … Next page Next › Last page Last »
The premium for houses over units has hit record highs – which capital city shows the biggest gap? Since the onset of COVID-19, a prominent trend across the Australian dwelling market has been high demand for detached houses. This is reflected in price changes of houses and units since March last year, as stage 2 restrictions rolled out across the nation. In the past 16 months, capital city house values rose 14.2%. This is more than double the 5.6% rise in capital city unit values over the same period. 29 Jul 2021
Australian residential auction market records busiest period since 2017 CoreLogic’s Auction Market Review for the June quarter 2021 shows 31,605 homes were taken to auction across the combined capital cities in the three months to June 2021. These figures make it the busiest quarter for auctions since the December 2017 quarter when 32,408 capital city auctions were held. 26 Jul 2021
RBA firm on cash rate, but other headwinds could slow property value growth At today’s monthly board meeting, the RBA held the official cash rate at 0.1%. Additionally, the RBA’s Term Funding Facility (TFF), which has been providing additional support for low mortgage rates, expired at the end of last month. With the expiry we could see additional upwards pressure on longer term... 6 Jul 2021
Auction volumes and clearance rates dip as uncertainty amid COVID cases rise This week, 2,177 capital city homes went to auction, down on the 2,960 auctions held over the week prior. The lower volumes come about as the nation battles with multiple state lockdowns as uncertainty around COVID cases worsen. The lower week-on-week volumes saw the preliminary auction clearance rate dip,... 5 Jul 2021
Australian dwelling values finish the financial year 13.5% higher, but a loss of momentum is clear National home values rose 1.9% in June, taking annual growth to 13.5% for the financial year. The growth in Australian dwelling values was led by houses, which rose 15.6% over the year, compared to a 6.8% lift in unit values. 1 Jul 2021
Combined capital city preliminary clearance rate weakens as volumes rise The combined capital city preliminary auction clearance rate weakened slightly as volumes rose. There were 2,976 capital city homes taken to auction over the week, revising down from initial predicted volumes by 2% as the Sydney COVID outbreak grew resulting in four Sydney LGA’s going into lockdown. 28 Jun 2021
Australia’s property market upswing pushes rate of profit-making resales over 90 per cent in March quarter CoreLogic’s Pain and Gain report for the March 2021 quarter found the portion of profit making resales between January and March 2021 increased to 90.3% nationally, up from 89.1% in the previous quarter and the COVID-induced low of 86.0% in the three months to June 2020. 24 Jun 2021
National Auction Market Preview - 27 June 2021 There are 3,043 capital city homes currently scheduled to go under the hammer this week, although with the introduction of various new restrictions as the current COVID outbreak in Sydney grows, we may see some downwards revision in the actual number of homes taken to auction. Over the previous week, 2,400... 23 Jun 2021
Combined capital city auction clearance rate holds steady on higher volumes There were 2,418 homes taken to auction across the combined capital cities this week, revising down from the 2,610 auctions predicted earlier in the week, with the majority of the downwards revision once again seen in Melbourne. The previous week saw 1,413 homes taken to auction across the combined capitals,... 21 Jun 2021
218 markets reach the million dollar club, according to new report Despite a tumultuous 12 months for the Australian property market, from COVID-induced dips to new record high peaks, CoreLogic’s inaugural Million Dollar Markets report released today has identified 218 markets where either house or unit median values in a suburb reached the million-dollar-mark in May 2021... 18 Jun 2021
Combined capital city preliminary auction clearance rate rises on lower volumes There were 1,426 homes taken to auction across the combined capital cities this week, revising down from the 1,636 auctions predicted earlier in the week. The downwards revision is largely seen in Melbourne which came out of lockdown just prior to the weekend, albeit with several restrictions still in place. 14 Jun 2021
Melbourne lockdown impacts auction volumes with 2,691 auctions held across the combined capital cities This week, 2,691 homes were taken to auction across the combined capital cities, revising down from the 3,101 auctions predicted earlier in the week. 7 Jun 2021
