Residential Real Estate News

September marked a striking turn in housing market sentiment; consumer confidence increased, new listings rose, and six of the eight capital cities recorded a rise in home values over the month.

With profit margins under pressure, valuation firms are looking for new ways to increase productivity and efficiency. And as the COVID-19 crisis continues to throw up a host of new challenges, valuers also have to find ways to differentiate themselves from their competitors to stay ahead of the game.

There were 1,107 capital city homes taken to auction this week, of the 841 results collected so far, 70.5% were successful results. This week’s preliminary figure is down on the 72.4% preliminary figure last week, which later revised down to 67.6% by final collection. Last week’s clearance rate was the...

CoreLogic listings data has shown that in some cities, vendors are more willing to test the market by listing their property for sale. Across the capital cities, ‘new’ listings, which are properties freshly added to the market over a period, increased 0.7% in the four weeks to the 20th of September.

There are 1,136 capital city homes scheduled to go under the hammer this week, an expected increase in volumes of 24% on last week as Sydney is set to have the busiest week for auctions since early April.

Today property data powerhouse, CoreLogic, announced it has joined forces with Munich Re, one of the world’s leading reinsurers, to offer the most comprehensive view of the impact of climate change to individual properties in Australia and New Zealand.

This week, the combined capital city preliminary auction clearance rate came in at 72.4 per cent, the highest preliminary clearance rate recorded since early March so it will be interesting to see how it holds up as final results are collected.

The onset of COVID-19 may be creating a two-speed rental market, with inner-city rents declining faster than those in the outer suburbs. CoreLogic data confirms that there is a positive correlation between changes in rent values and distance to the CBD. This means that the closer a region is to the CBD, the...

There are 968 capital city auctions being tracked by CoreLogic this week, increasing on the previous week when 816 auctions were held.

Plenty of data suggests certain rental markets have deteriorated amid the COVID-19 pandemic. CoreLogic data showed a 0.8% decline in national rent values from the end of March to the end of August, with more acute falls in the unit markets of Sydney and Melbourne, where rent values have fallen 4.2% and 4.4%...

This week, the combined capital city preliminary auction clearance rate held firm relative to last week across a lower volume of auctions.

There are 870 capital city auctions being tracked by CoreLogic this week, similar to last week when 866 auctions were held.

Housing finance data over the June quarter revealed subdued new lending for dwelling purchases, and a pivot toward refinancing of existing loans to help reduce housing costs.