There are 968 capital city auctions being tracked by CoreLogic this week, increasing on the previous week when 816 auctions were held.
Plenty of data suggests certain rental markets have deteriorated amid the COVID-19 pandemic. CoreLogic data showed a 0.8% decline in national rent values from the end of March to the end of August, with more acute falls in the unit markets of Sydney and Melbourne, where rent values have fallen 4.2% and 4.4%...
This week, the combined capital city preliminary auction clearance rate held firm relative to last week across a lower volume of auctions.
There are 870 capital city auctions being tracked by CoreLogic this week, similar to last week when 866 auctions were held.
Housing finance data over the June quarter revealed subdued new lending for dwelling purchases, and a pivot toward refinancing of existing loans to help reduce housing costs.
This week, the combined capital city preliminary auction clearance rate was down only slightly across a lower volume of auctions.
Recent forecasts from Treasury indicate annual population growth across Australia is set to slow from around 1.4% pre-COVID, to 0.6% through the 2020/21 financial year. In raw numbers, that implies Australia’s annual population growth will reduce from around 350,000 in 2019 to 154,000 over the year ending...
Auction activity is set to be lower across the combined capital cities this week as scheduled volumes plummet across Melbourne.
The cash rate has remained at its record low setting of 0.25% since March 20th when the RBA announced a raft of monetary policies aimed at supporting liquidity and lowering funding costs.
Australian home values moved through a fourth month of COVID-induced falls, with the CoreLogic home value index recording a 0.4% fall in August.
This week, the combined capital city preliminary auction clearance rate improved across a higher volume of auctions.
A new renovation calculator launched by Suncorp, and powered by CoreLogic, is helping keen renovators to estimate the cost of home renovations, according to the room and renovation type being considered.