Residential Real Estate News

There were 2,451 homes taken to auction across the combined capital cities this week, up from 2,128 over the previous week, although lower than this time last year when 3,026 auctions were held.

The temporary supplement to JobSeeker payments in Australia are set to finish at the end of March 2021. The JobSeeker ‘coronavirus supplement’ was a temporary boost to new and existing recipients of welfare schemes in response to the onset of COVID-19 including JobSeeker, Youth Allowance, Austudy and the...

Australian home values surged 2.1% higher in February; the largest month-on-month change in CoreLogic’s national home value index since August 2003. Spurred on by a combination of record low mortgage rates, improving economic conditions, government incentives and low advertised supply levels, Australia’s...

Auction volumes are expected to rise across the combined capital cities this week with CoreLogic currently tracking 2,495 auctions, up from last week’s 2,128 auctions held, although lower than the 3,026 auctions one year ago.

CoreLogic’s national Cordell Housing Index Price rose by 1.0 per cent over the three months to December 2020, after the previous quarter increased by a lower 0.6 per cent.

There were 2,094 homes scheduled for auction across the combined capital cities this week, up from 1,496 over the previous week. Of the 1,754 results collected so far, 84.4 per cent have reported a successful result, down from last week’s preliminary auction clearance rate of 86.1 per cent which revised down...

As many parts of rural Australia emerge from long running drought conditions, and the mining sector benefits from higher commodity prices and a lift in investment, many rural areas are recording a surge in housing prices.

The latest CoreLogic Regional Market Update, which looks at capital growth over the 12 months to January 2021 in Australia’s 25 largest non-capital city markets, saw Richmond-Tweed claim top spot for houses with 12.6 per cent annual growth. The Southern Highlands & Shoalhaven took top spot for units for the...

There are currently 2,150 homes scheduled for auction across the combined capital cities this week, up substantially from last week when 1,496 auctions were held, although lower than this time last year (2,517).

It is not unusual for house sales to make up the majority of transactions, with houses making up an average 70.2% of annual sales volumes over the past decade. However, the share of houses as a portion of sales increased to 74.2% in the year to January 2021. This weeks' blog investigates some of the factors...

Auction activity continues to rise across the combined capital cities with scheduled auction volumes up by 27% over the week.  CoreLogic is currently tracking a total of 1,659 capital city auctions, increasing on last week’s final count of 1,304 auctions held and higher than the 1,596 one year...

Auction markets have returned a strong result on higher volumes this week, with the combined capitals weighted average preliminary clearance rate holding above 80%. Every capital city recorded a clearance rate above 70% as volumes continued to surge higher after the festive period slowdown.

On Wednesday, the Minister for Housing announced around 1,800 places would be re-issued from the first round of the first home loan deposit scheme (FHLDS). This means recent value falls may have created an opportunity for first home buyers, where there is a maximum purchase price cap to qualify for the...