Preliminary clearance rates hold firm as volumes across the combined capital cities reach their highest level year-to-date and Melbourne records its busiest auction week on record
CoreLogic is currently tracking 2,276 auctions across the combined capital cities this week, down from 2,525 last week.
The combined capital cities returned a preliminary auction clearance rate of 69.4 per cent this week, marking the 21st consecutive week where the clearance rate has held below 70 per cent.
The latest data from the Australian Bureau of Statistics (ABS) shows that there has been a rebound in owner occupier first home buyer housing finance commitments.
CoreLogic is currently tracking 2,276 auctions across the combined capital cities this week, down from 2,525 last week. Over the same week last year, 2,680 auctions were held.
There were 2,497 auctions held across the combined capital cities this week, up from 2,318 last week. So far, 2,007 results have been reported to CoreLogic, returning a preliminary clearance rate of 70.6 per cent, increasing from last week when the final clearance rate slipped to 64.4 per cent, the lowest...
Building activity data for the June 2017 quarter was published by the Australian Bureau of Statistics. The data contains additional insight to the housing construction sector, tracking quarterly dwelling commencements, completions and counts of dwellings under construction.
The latest Census (2016) data reveals which regions of the country have the highest proportion of residents that are Australian citizens and the areas dominated by non-citizens.
This week, CoreLogic is tracking just over 2,300 auctions across the combined capital cities, which is similar to last week when 2,318 auctions were held, but lower than this time last year, when 2,443 homes were taken to auction.
Auction activity across the combined capital cities increased this week after last week’s grand final and public holiday slowdown.
In this week’s blog we look at the historic relationship between housing market growth in Sydney and Brisbane in order to determine whether the slowdown in Sydney could translate into an acceleration in Brisbane.
Each quarter the Reserve Bank (RBA) publishes household finances data which look at the ratio of household debts and assets to disposable income. The latest data shows households are becoming more indebted at the same time as the value of their assets are increasing.