Housing affordability is becoming an increasingly pressing concern through 2021, as dwelling values continue to rise, and first home buyer activity has started to decline. With such rapid increases, just how much of the housing market is still attainable for buyers?
Auction volumes increased week-on-week with 3,033 homes taken to auction across the combined capital cities this week, the second busiest week for auctions this year.
CoreLogic today announced its estimate of the total value of residential real estate in Australia has reached $8.1 trillion.
This week we are expecting the second busiest week for auctions of 2021 with 3,087 capital city homes set to go under the hammer over the week. This week’s scheduled volumes are up by 6.4% on last week’s 2,902 auctions held and significantly higher than volumes from one year ago throughout the COVID lockdown...
At todays’ meeting, the RBA maintained the official cash rate target at 0.1%. The decision comes off the back of subdued inflation figures for the March 2021 quarter.
There were 2,876 homes taken to auction across the combined capital cities this week, and of the 2,425 results collected so far, 80.4 per cent reported a successful result. In comparison, the previous week saw 2,087 homes taken to auction and a preliminary auction clearance rate of 78.5 per cent was recorded,...
Australian housing values lifted by 1.8% in April according to CoreLogic’s national home value index, with the monthly pace of capital gains easing from a 32-year high in March (2.8%).
Auction volumes are set to rise with 2,885 capital city homes to go under the hammer this week, an increase of 38% on last week’s number of auctions held (2,087). One year ago, a lower 612 homes were auctioned as restrictions inhibiting on-site auctions and inspections saw activity plummet over this period.
CoreLogic’s Rental Review for the March 2021 quarter revealed a surge in national rental rates of 3.2% however the drivers of this growth are diverse, with the regions, Darwin and Perth collectively driving much of the increase.
There were 2,041 capital city homes taken to auction this week and of the 1,642 results collected so far, a 78.5% preliminary auction clearance rate was recorded.
The pace of capital gains across Australian housing markets has been close to record breaking, with the national growth rate in March the fastest since 1988. But there are some early signs the exuberance in the housing market may be peaking.
For Earth Day 2021, CoreLogic has conducted a new study into Sydney’s housing market and greenspace, finding a ‘positive but weak’ relationship between greenspace and housing prices.