Residential Real Estate News

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Australia’s Dwelling Values Fall Half A Percent In April As Rate Of Decline Continues To Ease

The CoreLogic April 2019 home value index results out today confirmed that the decline in home values has lost some momentum over recent months as falling values lose steam in Sydney and Melbourne. Simultaneously, more regions across the country saw housing values slip lower as the downturn becomes more geographically diverse.

1 May 2019

Housing Downturn Loses Some Steam With CoreLogic National Home Value Index Down 0.6% In March

The CoreLogic hedonic home value index results released today reveal that the pace of declining property values has eased relative to the past four months. However, CoreLogic head of research Tim Lawless noted that the market downturn has become geographically more widespread, with housing values lower across six of the eight capitals and five of the seven ‘rest of state’ markets over the month.

1 Apr 2019

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Lower Auction Volumes Across The Combined Capital Cities Week-On-Week

There were 1,669 homes taken to auction across the combined capital cities this week, down from 1,875 over the previous week. This time last year, volumes were significantly higher with 3,990 homes taken to auction over what was the pre-Easter weekend, traditionally one of the busiest weeks for auctions each...

National Auction Market Preview - 24 March

This week, all of the busiest suburbs for auctions are in Victoria. Preston and Reservoir top the list with 14 homes scheduled for auction each. Followed by Bentleigh East, Cheltenham and Mount Waverley each with 13 scheduled auctions.

Auction Activity Significantly Lower Year-On-Year With 1,894 Homes Taken To Auction Across The Combined Capitals

There were 1,894 homes taken to auction over the week, increasing from the previous week when 1,197 auctions were held, although significantly lower than this week last year when 3,136 auctions were held across the combined capital cities.

National Auction Market Preview - 17 March

This week, all of the busiest suburbs for auctions are in Victoria. Glen Waverley tops the list with 19 homes scheduled for auction. Followed by Bentleigh East and Reservoir with 17 and 15 scheduled auctions respectively.

Most Capital Cities Have Now Seen Values Fall Below Their Peak As The Housing Downturn Becomes More Widespread

With the housing market weakening over the past few years, most capital cities have experienced dwelling value falls with a more significant correction experienced in Sydney, Melbourne, Perth and Darwin.

Geelong Has Once Again Achieved Australia’s Highest Regional Results

Dwelling sales were down in four of the five Queensland regions over the year to November 2018 with the Wide Bay region the only location to see an increase in home sales (2 per cent).

More Properties Sell Over $1 Million Than Sell For Less Than $200,000

As dwelling values have increased over time, we have seen the share of sales across the lower price points reduce and million dollar plus property transactions become much more commonplace across most regions.

Quieter Week For The Capital City Auction Markets With Only 1,196 Homes Auctioned

There were 1,196 auctions held across the combined capital cities this week, significantly lower than the 2,201 held last week, and the 1,764 one year ago. The fall in auction volumes this week is due to the fact that four of the eight states and territories have a public holiday this coming Monday.

Fewer Capital City Homes Taken to Auction Week-on-Week and Year-on-Year

There were 2,204 capital city homes taken to auction this week, returning a preliminary weighted average clearance rate of 55.0 per cent. This week’s volumes are slightly lower than last week’s 2,293 auctions held, which was the busiest week so far this year

Australian Housing Values Continued to Trend Lower in February With CoreLogic’s National Index Down 0.7%

According to the CoreLogic home value index results released today, the pace of declining property values eased slightly over the month relative to the previous two months. However, housing values continued to trend lower with six of the eight capitals and four of the seven ‘rest of state’ markets recording a...

As Housing Conditions Weaken Vendors Are Increasingly Offering Discounts in Order to Sell

With reduced buyer activity, listing numbers have risen to the highest level since 2012. With increasing competition amongst vendors for a smaller pool of buyers, motivated vendors are offering up increasingly larger discounts on their original asking prices in order to sell

National Auction Market Preview - 3 March

This week, all of the busiest suburbs for auctions are in Victoria, topping the list with 20 scheduled auctions is Brunswick. Following closely with 18 scheduled auctions is Northcote, while Glen Iris and Reservoir will each host 17 auctions.

Are FHB Starting to Plant Themselves on the Sideline?

Over the past year there has been a surge in first home buyer activity, in fact first home buyers have been one of the only sources of growth in housing related activity, but are they now fading from the market?