Residential Real Estate News

Corelogic January 2020 Home Value Index: Housing Values Rose Across Every Capital City In January Despite Slower Growth.

Australia’s housing value rebound continued into 2020 with the CoreLogic national home value index up by 0.9% over the first month of the year. This now takes the annual growth rate to 4.1%; the fastest pace of growth for a twelve month period since December 2017.

3 Feb 2020

Housing Rebound Spreads To Perth As National Housing Values Mark Five Months Of Consistent Growth, Taking The National Index Back Into Positive Annual Growth Territory For The First Time Since April 2018

CoreLogic’s national Home Value Index surged 1.7% higher over the month and delivered the fifth consecutive monthly increase, coupled with the largest monthly gain in the national index since 2003.

2 Dec 2019

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December quarter sees clearance rate show significant increase coupled with higher auction volumes across combined capital cities

CoreLogic auction activity analysis found that over the 3 months to December 2019, the combined capital cities clearance rate came in at 70.3 per cent from 26,923 auctions.

Profitable dwelling resales continue to rise with Hobart enjoying the greatest gains

Almost nine in ten (87.4 per cent) property resales over the September 2019 quarter sold for more than their previous price, delivering a gross profit of $18.7 billion for resellers across Australia.

Approval Data Highlights The Need For Medium Density

Earlier this month, the ABS released detailed dwelling approval data to November 2019. Breaking down approved dwellings by local government area (LGA) highlights a concentration of new development in south-east regional and metropolitan centres, and a relatively low level of medium density approvals.

First Home Buyers’ Scheme With Eliza Owen - Corelogic Head Of Residential Research Australia

The first home loan deposit scheme (FHLDS) commenced 1st of January 2020. It is a leg-up over the deposit hurdle for first home buyers (FHB) struggling to accumulate a sizeable deposit, providing eligible Australians the opportunity to buy their first home with a deposit of at least 5% of the home’s value.

Corelogic December 2019 Home Value Index: A Strong Finish For Housing Values In 2019 With The Corelogic National Index Rising 4.0% Over The December Quarter

Dwelling values rose by 1.1% over the month of December and by 4.0% over the quarter to finish out 2019 on a positive note according to the CoreLogic national home value index.

The Final Week Of Auction Reporting For The Year Sees The Combined Capital City Clearance Rate Drop Below 70 Per Cent, As Volumes See Their Usual Seasonal Taper

There were 2,750 homes taken to auction across the combined capital cities this week, with volumes down by -5.6% on last week’s 2,912 auctions; the second busiest week of 2019.

ABS Reports Strong Growth In Housing Values Over September Quarter

Although lagged, the ABS residential property price index provides a reference point and benchmark for the more timely private sector measures of house price growth.

National Auction Market Preview - 15 December

There are 2,737 capital city homes scheduled for auction this week, with volumes expected to be down by only 6% on last week’s final figures (2,912), however, higher than volumes from one year ago (2,406).

The Second Busiest Auction Week Of The Year Returns A Preliminary Clearance Rate Of 74.5 Per Cent Across The Combined Capital Cities

There were 2,837 homes taken to auction across the combined capital cities this week, returning a preliminary auction clearance rate of 74.5 per cent.

Prestige Property Markets & the Growing Value Gap

This week in the CoreLogic Property Pulse we analyse the performance of Australia’s most expensive property markets -Sydney and Melbourne, and compare them to other the remaining capital cities.

25 of Australia’s Largest Non-Capital City Regions Analysed

One of the largest regional analysis of its type now available in the market is the CoreLogic Regional Report. Produced quarterly, the regional analysis delivers market insights for houses and units across 25 of Australia’s largest non-capital city regions.

Over 3,000 Homes Taken To Auction Across The Combined Capital Cities; The Busiest Week Of The Year

There were over 3,000 capital city homes taken to auction this week, making it the busiest week for auctions we’ve seen this year; in fact the largest number since March last year.

Fewer Homes For Sale Through Spring Despite Stronger Selling Conditions

The number of residential properties advertised for sale this spring has been lower than last year across every capital city due to both less fresh stock being added to the market together with a rise in buyer activity.