There are 3,065 capital city properties scheduled to go under the hammer this week, however the release of new policy on Tuesday has quickly changed how the Real estate industry will operate, with on-site auctions and open homes now being added to the list of social restrictions.
Despite the escalating health crisis and economic fallout related to coronavirus, this week was the 2nd busiest for auction activity so far this year with 2,539 homes taken to auction across the combined capital cities, returning a preliminary auction clearance rate of 61.3 per cent which is still...
The Reserve Bank has announced a 25 basis point reduction in the cash rate, to a new historic low of 0.25% and made it clear the cash rate will remain at this level until labour markets are moving towards full employment and inflation is tracking to be within the target range of 2-3%.
There are 2,422 capital city homes set to be auctioned this week, up from the 2,274 auctions held last week.
Amid the global spread of coronavirus, the past few weeks have seen increased expectations of an Australian recession, a slowdown in business activity and trillions of dollars wiped off global share market values. It has many asking what the impact of the coronavirus would be on Australian residential...
There were 2,220 homes taken to auction across the combined capital cities this week, returning a preliminary auction clearance rate of 70.6 per cent.
Auction volumes are expected to increase across the combined capital cities this week with CoreLogic currently tracking 2,184 auctions, up from both last week (1,494) and this time last year (1,875).
Observed impacts of climate change on housing markets may once have been confined to areas known for extreme weather.
A quarterly review of national rents (www.corelogic.com.au/quarterlyrentreview) by CoreLogic showed that rents surged 0.5% higher over the month to January 2020 to record a current median rental value of $440/week. According to Eliza Owen who heads up the company’s residential research division, this was the...
There were 1,456 auctions held across the combined capital cities this week, significantly lower than the 3,026 held last week, however higher than the 1,197 auctions held one year ago.
There are 52% fewer homes scheduled for auction across the combined capital cities this week, with CoreLogic tracking 1,440 scheduled auctions, after last week saw volumes reach their highest levels since late Nov- Dec last year (3,026).
Auction markets are passing the test of higher volumes with strong results, with volumes reaching similar levels to those seen around the end of last year over the seasonal hype pre slowdown period when clearance rates were tracking around the mid 60% to low 70% range.