Residential Real Estate News

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, the new listings trends remain below the five-year average in every capital apart from Adelaide, Perth and Darwin.

23 Sep 2021

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 continue? Can it continue? Tim Lawless explains.

16 Sep 2021

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Auction volumes and clearance rates dip as uncertainty amid COVID cases rise

This week, 2,177 capital city homes went to auction, down on the 2,960 auctions held over the week prior. The lower volumes come about as the nation battles with multiple state lockdowns as uncertainty around COVID cases worsen. The lower week-on-week volumes saw the preliminary auction clearance rate dip,...

Australian dwelling values finish the financial year 13.5% higher, but a loss of momentum is clear

National home values rose 1.9% in June, taking annual growth to 13.5% for the financial year. The growth in Australian dwelling values was led by houses, which rose 15.6% over the year, compared to a 6.8% lift in unit values.

National Auction Market Preview - 4 July 2021

Combined capital city preliminary clearance rate weakens as volumes rise

The combined capital city preliminary auction clearance rate weakened slightly as volumes rose. There were 2,976 capital city homes taken to auction over the week, revising down from initial predicted volumes by 2% as the Sydney COVID outbreak grew resulting in four Sydney LGA’s going into lockdown.

Australia’s property market upswing pushes rate of profit-making resales over 90 per cent in March quarter

CoreLogic’s Pain and Gain report for the March 2021 quarter found the portion of profit making resales between January and March 2021 increased to 90.3% nationally, up from 89.1% in the previous quarter and the COVID-induced low of 86.0% in the three months to June 2020.

National Auction Market Preview - 27 June 2021

There are 3,043 capital city homes currently scheduled to go under the hammer this week, although with the introduction of various new restrictions as the current COVID outbreak in Sydney grows, we may see some downwards revision in the actual number of homes taken to auction. Over the previous week, 2,400...

Combined capital city auction clearance rate holds steady on higher volumes

There were 2,418 homes taken to auction across the combined capital cities this week, revising down from the 2,610 auctions predicted earlier in the week, with the majority of the downwards revision once again seen in Melbourne. The previous week saw 1,413 homes taken to auction across the combined capitals,...

218 markets reach the million dollar club, according to new report

Despite a tumultuous 12 months for the Australian property market, from COVID-induced dips to new record high peaks, CoreLogic’s inaugural Million Dollar Markets report released today has identified 218 markets where either house or unit median values in a suburb reached the million-dollar-mark in May 2021...

National Auction Market Preview - 20 June 2021

Combined capital city preliminary auction clearance rate rises on lower volumes

There were 1,426 homes taken to auction across the combined capital cities this week, revising down from the 1,636 auctions predicted earlier in the week. The downwards revision is largely seen in Melbourne which came out of lockdown just prior to the weekend, albeit with several restrictions still in place.

National Auction Market Preview - 13 June 2021

Melbourne lockdown impacts auction volumes with 2,691 auctions held across the combined capital cities

This week, 2,691 homes were taken to auction across the combined capital cities, revising down from the 3,101 auctions predicted earlier in the week.

Which suburbs are better for buyers?

One of the factors cementing the current ‘seller’s market’ conditions in Australian housing is a low level of available stock for sale. Recent strong price increases have in part been driven by demand for housing outstripping supply. So where do buyers find reprieve? CoreLogic has analysed suburb-level...