Residential Real Estate News

New listings continue to rise, but are they in the areas where you want to buy?

As lockdown restrictions ease across Sydney, Melbourne and the ACT, the spring selling season has started in earnest, and vendors are piling properties onto the market. New listings have surged with 45,000 new properties added to the market. But is the freshly advertised stock sitting in parts of Australia where people actually want to buy? Eliza Owen explores.

20 Oct 2021

Housing affordability pressures create pain for apartment upgraders

Rapid growth in Australian housing values and rents over the past year has contributed to greater affordability pressures for households. The situation poses a particular barrier for those looking to upgrade from apartments to houses, Eliza Owen explains.

14 Oct 2021

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Housing construction costs rose 0.8% over the March quarter

CoreLogic’s national measure of residential construction costs rose by 0.8% over the three months to March 2021, making it the sixth consecutive quarter where costs have risen by 1.0% or less.

National Auction Market Preview - 16 May 2021

There are 2,934 capital city homes set to go to auction this week, down only slightly on last week’s 3,016 auctions held, which happened to be the second busiest week for auctions of the year. It is expected that this week will be the third busiest week of 2021.

Federal budget 2021-22: Increasing home ownership on the coalition’s terms

Housing affordability is becoming an increasing concern for first home buyers and policy makers amid recent, rapid price increases in housing values. But the double-edged sword of reducing housing values to make them more affordable, is that housing also makes up the majority of Australian household wealth;...

How much of the housing market can different incomes buy?

Housing affordability is becoming an increasingly pressing concern through 2021, as dwelling values continue to rise, and first home buyer activity has started to decline. With such rapid increases, just how much of the housing market is still attainable for buyers?

Second busiest week of the year for auctions across the combined capital cities

Auction volumes increased week-on-week with 3,033 homes taken to auction across the combined capital cities this week, the second busiest week for auctions this year.

Australian housing market surpasses $8 trillion valuation

CoreLogic today announced its estimate of the total value of residential real estate in Australia has reached $8.1 trillion.

National Auction Market Preview - 9 May 2021

This week we are expecting the second busiest week for auctions of 2021 with 3,087 capital city homes set to go under the hammer over the week. This week’s scheduled volumes are up by 6.4% on last week’s 2,902 auctions held and significantly higher than volumes from one year ago throughout the COVID lockdown...

Low cash rate setting remains major tailwind for housing values

At todays’ meeting, the RBA maintained the official cash rate target at 0.1%. The decision comes off the back of subdued inflation figures for the March 2021 quarter.

Combined capital city preliminary clearance rate increases on higher volumes

There were 2,876 homes taken to auction across the combined capital cities this week, and of the 2,425 results collected so far, 80.4 per cent reported a successful result. In comparison, the previous week saw 2,087 homes taken to auction and a preliminary auction clearance rate of 78.5 per cent was recorded,...

Home values continue to rise but the pace of growth loses steam in April

Australian housing values lifted by 1.8% in April according to CoreLogic’s national home value index, with the monthly pace of capital gains easing from a 32-year high in March (2.8%).

National Auction Market Preview - 2 May 2021

Auction volumes are set to rise with 2,885 capital city homes to go under the hammer this week, an increase of 38% on last week’s number of auctions held (2,087). One year ago, a lower 612 homes were auctioned as restrictions inhibiting on-site auctions and inspections saw activity plummet over this period.

CoreLogic’s Q1 Rental Review reveals diversity of rental conditions

CoreLogic’s Rental Review for the March 2021 quarter revealed a surge in national rental rates of 3.2% however the drivers of this growth are diverse, with the regions, Darwin and Perth collectively driving much of the increase.

Capital city preliminary clearance rate dips on lower volumes over the week

There were 2,041 capital city homes taken to auction this week and of the 1,642 results collected so far, a 78.5% preliminary auction clearance rate was recorded.