CoreLogic is currently tracking 2,369 auctions across the combined capital cities this week, down from 2,590 over the previous week and 2,701 over the same week last year.
Nationally, dwelling values have risen at roughly the same pace as household incomes over the past decade providing a relatively steady ratio of dwelling values relative to household incomes. At the same time, mortgage rates have fallen to generational lows, leading to an improvement in loan...
There were 2,571 homes taken to auction across the combined capital cities this week, up from 2,412 over the previous week making it the 2nd busiest auction week all year. Preliminary results show a clearance rate of 74.1 per cent, compared to last week’s final clearance rate of 70.6 per cent. One year ago,...
Since moving through a trough in May, the value of new owner occupier home loan commitments has increased by 17.3% through to the end of September and the value of investor loan commitments is up 8.4%
Auction activity is expected to remain relatively steady week-on-week across the combined capital cities, with CoreLogic currently tracking 2,439 auctions this week. Last week, 2,412 capital city homes were taken to auction and one year ago a higher 2,745 auctions were held.
The New Zealand financial landscape is changing. The concentration on compliance and responsible lending is pivoting institutions away from simply fighting for home loans to increase market share and profitability.
The overhead of delivering better consumer experiences, shorter and lower cost turnaround times whilst dealing with the raft of increasingly stringent regulatory requirements is making the mortgage lending space feel more frenetic than ever before.
Housing affordability peaked in June and property prices could reach record highs in the first half of 2020 if they continue at current rates, according to new ANZ and CoreLogic research.
There were 2,375 homes taken to auction across the combined capital cities this week, up from 1,555 over the previous week.
With many of Australia’s capital city housing markets posting a gain in values over the past three months, a recovery trend is looking increasingly entrenched… but how long will it take for residential property values to reach a new record high if the current rate of growth continues?
The number of homes scheduled for auction this week is expected to rise, with 2,257 auctions currently being tracked by CoreLogic, increasing from the 1,555 auctions held last week, although lower than results from one year ago (2,386).
Considering the RBA is running out of conventional monetary policy ammunition, the decision to hold the cash rate at the historic low of 0.75% was widely anticipated. The decision to keep rates on hold was supported by the latest labour market and inflation readings, which saw the national unemployment rate...