According to the CoreLogic Home Value Index results out today, Australian housing values have not seen any evidence of a material decline in April, despite a sharp drop in market activity and a severe weakening in consumer sentiment.
COVID-19 is having varied impacts on residential property, but arguably the biggest impact could be in the rental space. But the impact on different regions will vary, depending on how exposed markets are to tourism, migration and job losses.
The combined capital city auction market is expected to see a slight increase in auction volumes this week, after last week saw a dip in numbers as the nation stopped to commemorate ANZAC day.
Rent values increased 0.3% nationally over the month of March. Despite rental value increases, this has decelerated from a recent peak growth rate of 0.5% in January 2020.
The number of homes scheduled for auction this week takes a dive, with only 314 properties scheduled for auction across the combined capital cities.
The Australian economy is forecast to see its biggest contraction since the 1930's. So how is it that property values have not started to fall? In this blog we explore some of the factors that are keeping property prices relatively stable.
This week, 1,848 capital city homes were scheduled for auction; a substantial rise to the number of homes scheduled for auction last week, over the Easter slowdown period when 634 homes were taken to auction.
This week despite ongoing restrictions around on-site auctions and inspections amid COVID-19, the number of homes scheduled to go to auction is set to rise across the combined capital cities with 1,552 currently being tracked by CoreLogic.
It has been a few weeks since the Australian economy was temporarily halted in response to the spread of COVID-19. CoreLogic has a range of early market indicators available to get a sense of how the residential property market is performing week by week. Between platform metadata, listings and rolling...
Across the combined capital cities, a very subdued 636 homes were scheduled for auction over the Easter week.
From March 2020, containing the spread of COVID-19 in Australia has involved measures directly and indirectly impacting the property sector. To lessen the economic impact, a wide array of temporary monetary, fiscal and social policies have been introduced. Those most pertinent to our industry are summarised...