While the median, or 50th percentile, provides a reasonable indication of the ‘typical’ value of a property in an area, the 98th percentile provides a guide about the top two percent of the market based on value.
Auction activity is set to rise across the combined capital cities this week with 2,436 homes scheduled to go under the hammer, making it the busiest week for auctions so far this year. In comparison, there were 1,955 homes taken to auction over the previous week, while this time last year, a higher 2,928...
Rising home values, low mortgage rates and comparatively attractive rental yields are bringing investors back into the housing market. Despite the bounce in investment activity since June, investors still comprise a relatively small proportion of housing activity.
There are 1,828 capital city homes set to go under the hammer this week, down on last week’s 2,022 and last year’s 2,139 auctions held as at final figures.
National rents were 0 1 lower over the month to September 2019 with a median rental value of 436 /week.
There were 2,017 homes taken to auction across the combined capital cities this week, up from 1,324 over the previous week.
Over the 3 months to September 2019 the clearance rate across the combined capital cities came in at 69 9 per cent across 16 730 auctions, the strongest quarterly clearance rate seen since the June 2017 quarter 71 7 per cent) In
Despite rising home values in some cities and a lift in buyer numbers, the seasonal ramp up in fresh real estate listings has been mild relative to prior years.
Auction volumes are set to increase across the combined capital cities this week with CoreLogic currently tracking 1,857 auctions, similar to this time last year when 1,851 homes were taken to auction across the capitals.
There were 1,324 homes taken to auction across the combined capital cities this week, slightly up on the previous week when 1,278 auctions were held.
After recording the largest losses during the recent housing market downturn, the premium end of Sydney and Melbourne’s housing market is driving the rebound in capital gains
Auction activity is expected to remain relatively steady week-on-week across the combined capital cities, with 1,236 homes scheduled to go under the hammer this week, compared to last week’s 1,278 auctions held. Over the same week one year ago, a higher 1,817 capital city homes were auctioned.