The busiest suburbs for auctions this week are Randwick in NSW and Pascoe Vale in Vic, with 8 homes scheduled for auction each, while Reservoir (Vic) follows closely with 7 scheduled auctions.
The latest household wealth data from the Australian Bureau of Statistics (ABS) showed that over the past year, household net worth fell as liabilities grew much quicker than assets.
There were fewer homes taken to auction over the first week of July, with 945 capital city auctions held returning a preliminary auction clearance rate of 68.9 per cent; the 4th consecutive week above 60 per cent.
There were 1,292 capital city homes taken to auction over the final week of June, returning a preliminary auction clearance rate above 60 per cent for the third consecutive week (66.5 per cent).
The CoreLogic June 2019 home value index results out today showed national dwelling values were down 0.2% over the month, supported by subtle rises in Sydney, Melbourne and Hobart while other capital city home values continued to trend lower over the month.
There are 11 homes in Victoria’s Bentleigh East set to go under the hammer this week, making it the busiest individual suburb for auctions. Northcote and Reservoir also in Victoria follow very closely with 10 scheduled auctions each.
The latest demographic data for December 2018 shows that population growth has lifted over recent months driven by increases in both natural increase and net overseas migration.
p>There were 1,480 homes taken to auction across the combined capital cities this week returning a preliminary clearance rate of 63.7 per cent.
The latest data from the Australian Prudential Regulation Authority (APRA) on property exposures data from authorised deposit-taking institutions (ADIs) shows that the tougher lending policies of recent years continue to reduce mortgage risks.
In this week’s Property Pulse we analyse historical market trends to determine when values have sat at a peak and when they have deviated from their peak how large has that deviation been.
This week’s Property Pulse summarises the change in housing values across three broad valuation segments (upper quartile, lower quartile and broad middle of the market) based on CoreLogic’s stratified hedonic index.
Auction volumes increased week-on-week with 1,487 auctions held across the combined capital cities this week, returning a preliminary auction clearance rate of 66.4 per cent.