Residential Real Estate News

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Australia’s Dwelling Values Fall Half A Percent In April As Rate Of Decline Continues To Ease

The CoreLogic April 2019 home value index results out today confirmed that the decline in home values has lost some momentum over recent months as falling values lose steam in Sydney and Melbourne. Simultaneously, more regions across the country saw housing values slip lower as the downturn becomes more geographically diverse.

1 May 2019

Housing Downturn Loses Some Steam With CoreLogic National Home Value Index Down 0.6% In March

The CoreLogic hedonic home value index results released today reveal that the pace of declining property values has eased relative to the past four months. However, CoreLogic head of research Tim Lawless noted that the market downturn has become geographically more widespread, with housing values lower across six of the eight capitals and five of the seven ‘rest of state’ markets over the month.

1 Apr 2019

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Auction Volumes Across the Combined Capital Cities Rise Above 2,000 for the First Time This Year

There were 2,303 homes taken to auction across the combined capital cities over the week, returning a preliminary auction clearance rate of 54.1 per cent, while last week, auction volumes were lower with 1,450 auctions held and a 51.2 per cent clearance rate. Over the same week last year, 3,313 auctions were...

Household Consumption Will Potentially Slow on the Expectation of Further Falls in Housing Values

Earlier this week the Reserve Bank (RBA) released the minutes of the Monetary Policy Meeting for February 2019.

National Auction Market Preview - 24 February

The busiest suburb for auctions this week is the Melbourne suburb of Bentleigh East, with 19 homes set to go under the hammer, followed by the Sydney suburbs of Maroubra and Paddington with 18 and 17 auctions scheduled respectively.

Auction Activity Remains Quieter Year-On-Year With 1,444 Homes Taken to Auction Across the Combined Capitals

There were 1,444 homes taken to auction across the combined capital cities over the week, increasing from the previous week when 928 auctions were held, although lower than this week last year when 1,992 auctions were held.

Are Fewer Mortgage Applications or Tighter Credit Conditions Driving the Ongoing Declines in Mortgage Demand?

Data for lending to households and businesses data for December 2018 was released earlier this week. This data series replaces the old housing finance and lending finance series and includes some different data. Specifically focusing on lending to households the data shows that the weakening of demand for...

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As Dwelling Values Fall, Some States Are Recording Fewer Suburbs With A Million Dollar Median

With national dwelling values falling, and falling fastest for premium housing stock, the number of suburbs with a median value at or in excess of $1 million has fallen over the past year.

National Auction Market Preview - 17 February

The top 3 busiest suburbs for auctions this week are in New South Wales where Port Macquarie tops the list with 20 homes scheduled for auction. Lane Cove and Randwick follow with 15 and 12 scheduled auctions respectively.

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Capital City Auction Volumes Rise Over The Week, Although Remain Lower Than One Year Ago

Auction activity is continuing to ramp up after the seasonal slowdown, with 929 capital city homes taken to auction this week.

Real Home Values Are Falling Across Most Capital Cities

Consumer Price Index (CPI) data for the December 2018 quarter was recently released by the Australian Bureau of Statistics (ABS). The data showed that over the quarter, CPI increased by 0.5% to be 1.8% higher over the past year.

National Auction Market Preview - 10 February

The busiest capital city suburbs for auctions this week are in NSW and Vic, where Footscray tops the list with 8 homes set to be auctioned. Manly (NSW) and Craigieburn (Vic) follow closely with 7 scheduled auctions each.

Australian Cities See Substantial Gains Over Past Two Decades

While the housing market has generally seen very weak conditions over the past year, it has been a very different story over the longer term with most cities seeing substantial gains over the past two decades.

Subdued Start To 2019 With 526 Capital City Homes Taken To Auction Coming Out Of The Seasonal Slowdown

The first week of auction reporting for 2019 saw 526 capital city homes taken to auction, this is down almost 34 per cent on the same week last year when 790 auctions were held.

January Home Value Index Results Signal Weak Start to Housing Market

The first month of the New Year has seen a continuation in the broad-based housing market weakness with every capital city apart from Canberra recording a month-on-month fall in dwelling values.