The number of homes scheduled to go auction this week is set to rise across the combined capital cities; after last week’s public holiday and grand final slowdown, with 2,118 currently scheduled to take place, which is over double the volumes seen last week when only 969 auctions were held.
Consistent with current industry predictions, the RBA has decided to keep the official cash rate at the record low of 1.50 per cent. CoreLogic head of research Tim Lawless comments.
The combined capital cities saw significantly fewer auctions this week, with a total of 953 auctions held; the lower activity a result of most states being host to a long weekend as well as both the AFL and NRL grand finals taking place
The latest demographic data release from the Australian Bureau of Statistics (ABS) shows a big jump in net overseas migration over the first quarter of 2017.
Auction activity across the combined capital cities is set to be quite subdued this week, with half the nation host to an upcoming public holiday; combined with both the NRL and AFL grand finals being held over the weekend, it looks to be a quiet week for the auction markets.
Auction volumes increase across all but one of the capital cities this week, returning a preliminary clearance rate of 70.7 per cent across 2,759 auctions.
Australia’s economy increased 0.8% in the June quarter, according to seasonally adjusted, chain volume measures released Wednesday. This brings annual GDP growth to 1.8% at the end of June. But aggregate growth figures mask one of the longest declines in private sector, gross capital formation in Australia’s...
The number of properties scheduled to go to auction this week is expected to surpass last week as the busiest week for auctions since June, with CoreLogic currently tracking 2,592 auctions across the combined capital cities, up from last week when final results saw 2,510 auctions held.
ABS Property Price Index Confirms the Slowdown That the CoreLogic Index Was Already Showing - CoreLogic
There were 2,490 auctions held across the combined capital cities this week, up from 2,258 last week, making it the busiest week for auctions since the beginning of June.
The Australian Bureau of Statistics (ABS) released their biennial survey of household income and wealth recently. The release has a huge amount of valuable data but at least initially I thought it was pertinent to look at the dwelling tenure data.
CoreLogic news details auction activity across the combined capital cities is expected to see a slight increase this week. Read more from September 17, 2017.