Residential Real Estate News

Australia’s rents continue to climb, despite affordability constraints

Capital cities, regional areas, houses and units all saw an increase in rents last quarter, culminating in the highest calendar year growth rate since 2007. CoreLogic’s quarterly Rental Review, released today, shows the national rental index increased 1.9% during the December quarter, a repeat of the figures recorded in the September quarter.

27 Jan 2022

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

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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.

Monetary policy remains conducive to house price growth, but headwinds could be on the horizon

Today the RBA maintained its current monetary policy settings, with the cash rate target remaining at 0.1%. While monetary policy could continue to support increases in housing values, there are headwinds to future housing market growth, Eliza Owen explains.

Melbourne records its second highest preliminary auction clearance rate all year as fewer auctions are withdrawn across the city

There were 1,986 homes taken to auction across the combined capital cities this week, up from 1,626 over the previous week and 648 this time last year, making it the busiest auction week since mid-July. The higher volumes saw an increase in the preliminary auction clearance rate, with 84.4 per cent of the...

Australian housing values rising at the fastest annual pace since June 1989, but the monthly rate of growth continues to lose steam

CoreLogic’s national home value index rose another 1.5% in September, taking Australian housing values 20.3% higher over the past 12 months. This is the fastest pace of growth since the year ending June 1989.

National Auction Market Preview - 3 October 2021

There are currently 1,987 capital city auctions scheduled to take place this week, up 22.2% from last week’s 1,626. This time last year, in the middle of Australia’s second COVID wave, only 648 auctions were held across the capital cities.

A sharp drop in the number of withdrawn auctions across Melbourne and Canberra has contributed to the highest preliminary auction clearance rate since March 2021

There were 1,631 homes taken to auction across the combined capital cities this week, compared to 1,672 over the previous week and 1,082 this time last year. Of the 1,330 results collected so far, 82.4 per cent were successful which is the highest preliminary clearance rate recorded across the combined...

Lift off for new listings, as Australia's spring selling season begins in earnest

Freshly listed housing stock is starting to lift as the spring selling season begins to heat up. Every Australian capital city has seen a lift in the number of new real estate listings over recent weeks, with some of the largest listing increases recorded in those capitals navigating lockdown. Despite this,...

National Auction Market Preview - 26 September 2021

There are 1,680 capital city homes currently scheduled to go under the hammer this week, up from 1,672 over the previous week. This time last year, 1,082 auctions were held across the combined capital cities.

Combined capital city preliminary auction clearance rate improves across higher volumes

There were 1,835 homes taken to auction across the combined capital cities this week, up from 1,453 over the previous week and 915 this time last year. Of the 1,419 results collected so far, 74.6 per cent were successful. The previous week saw a preliminary auction clearance rate of 72.3 per cent, which...

Housing turnover reaches the highest level in nearly 12 years

CoreLogic estimates almost 598,000 properties sold across Australia in the 12 months to August. That’s the highest number of annual sales since 2004 and 31% higher than the 10-year average. Even though overseas migration has stalled, there’s been a surge in domestic demand for the past 12 months. Will it...

National Auction Market Preview - 19 September 2021

There are 1,894 capital city homes currently scheduled to go under the hammer this week, up from 1,453 over the previous week. This time last year, 915 auctions were held across the combined capital cities.