The week ending 10th of May delivered a final auction clearance rate of 59.9%. This has jumped from a recent low of just 30.2% only four weeks ago - so has a recovery started with the return of on-site auctions?
Temporary bans in on-site auctions have led to significant shifts in the auction data. Here is a breakdown of the statistics, and how to interpret them.
COVID-19 is having varied impacts on residential property, but arguably the biggest impact could be in the rental space. But the impact on different regions will vary, depending on how exposed markets are to tourism, migration and job losses.
The Australian economy is forecast to see its biggest contraction since the 1930's. So how is it that property values have not started to fall? In this blog we explore some of the factors that are keeping property prices relatively stable.
The past four weeks have seen rapid declines in the cash rate, several changes to fiscal and monetary policy, and a complete halt in business activity across specific industry sectors.
Amid the global spread of coronavirus, the past few weeks have seen increased expectations of an Australian recession, a slowdown in business activity and trillions of dollars wiped off global share market values. It has many asking what the impact of the coronavirus would be on Australian residential...
A rebound in the pace of capital gains across the Australian housing market throughout February saw the national index rise by 1.1% over the month.
The narrative of over-supply and under-performance in Brisbane units has dominated conversations around south-east Queensland property for almost 5 years. At January 2020, Brisbane unit values remain 11.5% below their 2010 peak to be at similar levels to 2007. But the latest data on property values,...
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.
The number of properties listed for sale is currently tracking at the lowest level for this time of year since 2010. With the spring listing season only one month away, there is a strong chance listing numbers will rebound sharply as pent up demand from vendors is unleashed by improved market sentiment. The...
Australia’s nationwide construction pipeline is looking very healthy, with August further improving on July’s previous high since November 2017. Read more.
Australia’s premium housing market has softened more than its more affordable segment, according to the latest CoreLogic Decile Report.