Residential Real Estate News

With much of this year’s budget focused on the labour market, infrastructure construction and tax cuts, one could be forgiven for thinking housing reform and stimulus took a back seat in this year’s budget. However, the expansion of the First Home Loan Deposit Scheme, labour market policies and other...

Auction volumes are set to rise this week after last week saw volumes dip, as most states welcomed a long weekend.

Amidst rising speculation that interest rates are set to fall further, the RBA chose to hold firm this month, keeping the cash rate at the record low setting of 0.25%.

The combined capital city preliminary auction clearance rate came in below 70% this week as volumes fell due to the long weekend. There were 657 homes taken to auction, down from the 1,082 auctions held last week. Of the 530 results collected so far, 69.3% were successful, only slightly lower than last week’s...

The past 6 months have highlighted major shifts in Australian housing markets. For example, data hints at demand pivoting from the largest capital city dwelling markets to regional Australia, inner city rental markets suffered from a slowdown in international migration while rents rose in outer-suburbs, and...

September marked a striking turn in housing market sentiment; consumer confidence increased, new listings rose, and six of the eight capital cities recorded a rise in home values over the month.

With profit margins under pressure, valuation firms are looking for new ways to increase productivity and efficiency. And as the COVID-19 crisis continues to throw up a host of new challenges, valuers also have to find ways to differentiate themselves from their competitors to stay ahead of the game.

There were 1,107 capital city homes taken to auction this week, of the 841 results collected so far, 70.5% were successful results. This week’s preliminary figure is down on the 72.4% preliminary figure last week, which later revised down to 67.6% by final collection. Last week’s clearance rate was the...

CoreLogic listings data has shown that in some cities, vendors are more willing to test the market by listing their property for sale. Across the capital cities, ‘new’ listings, which are properties freshly added to the market over a period, increased 0.7% in the four weeks to the 20th of September.

There are 1,136 capital city homes scheduled to go under the hammer this week, an expected increase in volumes of 24% on last week as Sydney is set to have the busiest week for auctions since early April.

Today property data powerhouse, CoreLogic, announced it has joined forces with Munich Re, one of the world’s leading reinsurers, to offer the most comprehensive view of the impact of climate change to individual properties in Australia and New Zealand.

This week, the combined capital city preliminary auction clearance rate came in at 72.4 per cent, the highest preliminary clearance rate recorded since early March so it will be interesting to see how it holds up as final results are collected.

The onset of COVID-19 may be creating a two-speed rental market, with inner-city rents declining faster than those in the outer suburbs. CoreLogic data confirms that there is a positive correlation between changes in rent values and distance to the CBD. This means that the closer a region is to the CBD, the...