There were 3,409 homes taken to auction across the combined capital cities this week, returning a preliminary auction clearance rate of 66.9 per cent, overtaking last week as the third busiest week for auctions so far this year.
Over recent weeks, auction clearance rates across the nation’s two largest housing markets (Sydney and Melbourne) have been significantly lower than they were 12 months ago. So whats driving the weakness in clearance rates?
By looking at the values of the 10th and 90th percentiles of dwellings across the country we get a much better idea about the varying value of housing across the nation.
This week, CoreLogic is currently tracking 3,208 auctions across the combined capital cities, the number of properties scheduled to go to auction this week is down only 5 per cent on last week’s final figures, which saw 3,390 auctions held across the cities, which was lower than the 3,398 auctions held one...
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The combined capital cities returned a preliminary auction clearance rate of 65.4 per cent this week across 3,335 auctions making it the third busiest week for auctions so far this year, increasing from 62.8 per cent across 2,907 auctions last week
Recently, I did something that, ordinarily, you’re not supposed to do - my wife and I sold up our five bedroom house in the suburbs and with our dog, the three of us moved to a three bedroom apartment in the inner-city; the reactions have been somewhat interesting with some saying they wish they could bring...
Auction activity is expected to remain relatively steady this week, with 3,066 homes scheduled to go to auction across the combined capital cities, this is an increase of 5 per cent on last week’s final figures which saw 2,907 auctions held and slightly higher than volumes from one year ago (2,987).
This week, there were 2,894 auctions held across the combined capital cities returning a preliminary auction clearance rate of 66.5 per cent, increasing on last week when the final auction clearance rate fell to its lowest reading since early 2016, when 61.5 per cent of the 2,045 auctions cleared.
Earlier this month CoreLogic released their October 2017 home value index results, in this week’s Pulse we focus on what these results look like across the regional housing markets.
The total value of housing finance commitments in September 2017 was $32.5 billion according to new data from the Australian Bureau of Statistics (ABS).
This week, the number of auctions scheduled to take place across the combined capital cities is expected to rise, with 2,714 currently being tracked by CoreLogic, increasing from the 2,046 auctions held last week and lower than results from one year ago (2,897).