Residential Real Estate News

Record auction figures in December as Australia’s property market plays catch up

A surge in post lockdown supply coupled with buoyant market conditions, led to unprecedented levels of auction activity across Australia in the final three months of 2021. CoreLogic’s Quarterly Auction Market Review shows 42,918 properties were taken to auction across the combined capital cities in the three months to December 2021, an 85.1% increase from the previous quarter and more than double (109.5%) the December 2020 figures.

19 Jan 2022

Profit making resales continue to rise despite widespread lockdowns impacting transaction volumes

Australia’s real estate resilience continued its reign through the September 2021 quarter, CoreLogic’s latest Pain & Gain Report shows. The rate of profit-making resales across Australia rose to 92.4% in the September 2021 quarter, up 50 basis points from the June quarter. The three months to September saw the highest level of profitability in more than a decade.

17 Jan 2022

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Rates on hold but RBA adjusts their stance

The RBA has kept the official cash rate steady, and reiterated their stance that the cash rate won’t move higher until inflation is sustainably within their 2-3% target range.

Over 3,500 homes taken to auction across the combined capital cities this week

There were 3,524 homes taken to auction across the combined capital cities this week, overtaking the previous week (3,019) as the second busiest auction week so far this year. This time last year, 1,747 auctions were held across the combined capitals. There have been 2,970 results collected so far this week,...

Housing values 1.5% higher in October as growth trends ease and downside risk builds

Australian housing values rose 1.5% in October, a similar result to August and September. Although nationally the headline growth reading remains virtually unchanged over the month, market conditions in Australia's regions are starting to show some diversity.

National Auction Market Preview - 31 October 2021

Auction activity continues to increase across the combined capital cities, with 3,629 homes currently scheduled for auction this week.

Second busiest week for auctions across the combined capital cities so far this year

The combined capital cities have seen 3,033 homes taken to auction this week, the second busiest auction week so far this year. The previous week saw 2,940 homes taken to auction, while this time last year, 1,427 auctions were held across the combined capitals.

National Auction Market Preview - 24 October 2021

Auction volumes have been trending higher over the past few weeks, with 3,101 homes currently scheduled for auction across the combined capital cities this week, up from 2,940 over the previous week and 1,427 this time last year.

New listings continue to rise, but are they in the areas where you want to buy?

As lockdown restrictions ease across Sydney, Melbourne and the ACT, the spring selling season has started in earnest, and vendors are piling properties onto the market. New listings have surged with 45,000 new properties added to the market. But is the freshly advertised stock sitting in parts of Australia...

Preliminary clearance rate of 81.8 per cent across busiest week for auctions since late June

There were 2,920 homes taken to auction across the combined capital cities this week, the busiest auction week since late June when 2,960 capital city homes were taken to auction, and the fourth busiest auction week so far this year. Although volumes were high, they were down 5.7 per cent from the 3,096...

Housing affordability pressures create pain for apartment upgraders

Rapid growth in Australian housing values and rents over the past year has contributed to greater affordability pressures for households. The situation poses a particular barrier for those looking to upgrade from apartments to houses, Eliza Owen explains.

National Auction Market Preview - 17 October 2021

This week is set to be the busiest week for auctions since late March with 3,096 homes currently scheduled to go under the hammer across the combined capital cities, up from 2,708 over the previous week and 1,131 this time last year. If all of these auctions go ahead, it will be the second busiest auction...

Nationally, successful auctions are rising with each capital city recording a clearance rate above 80%

This week 2,727 homes were taken to auction across the combined capital cities, the busiest week since mid-July. Last week 1,986 homes went to auction across the combined capitals, while this time last year just 1,084 auctions were held. With 2,244 results collected so far 83.3% were successful, marking the...

Australian housing market surpasses $9 trillion valuation

Just five months after reaching $8 trillion in value, CoreLogic has today announced its estimate of the total value of residential real estate in Australia has surpassed a new record of $9.1 trillion.

National Auction Market Preview - 10 October 2021

This week there are 2,759 homes currently scheduled for auction across the combined capital cities, up 38.9% from the previous week. This time last year 1,084 capital city homes went under the hammer.