20170330 Subregion

CoreLogic National Auction Preview, week ending 2 April 2017

Upcoming auctions: With 2,470 properties scheduled to go to auction across the combined capital cities this week, volumes are set to be lower than last week’s 3,171, however, higher than the corresponding week last year when a significantly lower volume of auctions were reported coming out of the Easter period (1,582). In Melbourne and Sydney, Australia’s […]

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20170327 Sydney

Preliminary auction clearance rates nudge higher over the week

The amount of auction activity across the capital cities increased this week, up from 2,916 last week to 3,147 this week; the largest number of auctions since the last week of February 2017 when 3,301 auctions were held. This time last year was the Easter long weekend, so auction volumes were substantially lower, with 554 […]

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chart 4

Australians continue to choose to move to Victoria

Demographic data from the Australian Bureau of Statistics (ABS) showed that Australia’s estimated resident population was 24,220,192 persons at the end of September 2016.  Overt the 12 months to September 2016 the national population increased by 1.5% or by 348,695 persons.  The 1.5% growth in the population was the largest annual rise since September 2014 […]

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20170323 TS Clearance

CoreLogic National Auction Preview, week ending 26 March 2017

Upcoming auctions Auction activity is set to increase this week across the combined capital cities, with 2,979 properties scheduled to go to auction, up slightly from last week’s final result of 2,916. The number of homes expected to go to auction this week is higher than the number of auctions held over the corresponding week […]

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20170320

Preliminary clearance rate and auction volumes increase across the combined capital cities

The capital city clearance rate increased this week, with preliminary results showing that 76.2 per cent of reported auctions across the combined capital cities were successful, compared to 75.1 per cent last week and 68.8 per cent one year ago. Auction activity increased over the week with 2,844 homes taken to auction, up from 1,473 […]

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chart 9

Investors have historically outweighed first home buyers, but the spread in market participation has never been this wide

Over recent years the level of investor participation in the national housing market has hit historic high levels and at the same time, housing finance commitments to owner occupier first time buyers has shrunk.  As an example, January 2017 housing finance data shows that based on the total value of housing finance commitments, a record-low […]

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20170316 Subregions

CoreLogic National Auction Preview, week ending 19 March 2017

Upcoming auctions: The number of properties scheduled to go to auction across the combined capital cities this week will see an increase, with 2,690 currently being tracked by CoreLogic. The number of auctions expected to be held this week is higher than last week’s 1,473, with volumes increasing across all of the capital cities.  In […]

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20170313 Sydney

Capital city preliminary clearance rate rises to 80.8 per cent, with auction activity across the capitals significantly lower

This week 1,402 auctions were held across the combined capital cities, significantly lower than the 2,907 held last week and lower than one year ago (1,488). Four out of the eight states and territories have a public holiday this coming Monday which has been a key factor in the fall in auction volumes. The combined […]

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chart 4

The investor surge continues at the expense of first home buyers

Housing finance data for January 2017 was released earlier today by the Australian Bureau of Statistics (ABS).  The data showed the over the month there was $33.9 billion in housing finance commitments which was 1.5% higher than the previous month.  The value of housing finance commitments in January 2017 was 11.0% higher than it was […]

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20170309 Sub-regions

CoreLogic National Auction Preview, week ending 12 March 2017

Upcoming auctions: There are 1,362 properties scheduled to go to auction this week across the combined capital cities, this is a significant decrease in volume compared to the 2,907 auctions last week. Across the two major auction markets, in Melbourne and Sydney, auction activity has fallen this week, with only 333 auctions to be held […]

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