Housing is Australia’s largest asset class, worth an estimated $6.7 trillion, so it’s important to measure the performance of this very important asset class in an accurate and timely manner. Recently there has been a lot more focus on the measurements of housing market performance, so it’s timely to provide a summary of the primary […]
Upcoming auctions: More auctions are scheduled across the combined capital cities this week with 2,305 currently being tracked compared to 2,149 over the previous week. Given the AFL and NRL grand finals will be held over the following weekend, plus a number of public holidays across the nation, auction activity is expected to drop, so […]
Based on preliminary results, the combined capital city clearance rate rose this week, from 75.4 per cent last week to 77.9 per cent. This week, the clearance rate across the capitals is higher than one year ago, when 69.9 per cent of reported capital city auctions cleared. There were 2,093 capital city auctions held over […]
At the end of 2014, the Australian Prudential Regulation Authority (APRA) wrote to mortgage lenders reinforcing what they saw as sound mortgage lending practices. The key points from that letter were that serviceability policy limits should be based on mortgage rates at least 2% above the product loan rate with a minimum floor assessment of […]
Upcoming auctions: Auction activity looks to remain relatively steady this week with 1,991 capital city auctions currently being tracked by CoreLogic compared to 2,062 last week. However, the current weekly activity remains well below what was seen at the same time last year (2,565). In most capital cities, weekly auction activity remains fairly similar to […]
So far this week, 1,683 capital city auction results have been reported to CoreLogic, resulting in a preliminary auction clearance rate of 76.4 per cent across the combined capital cities. This week, 2,026 total auctions were held across the capital cities, higher than last week, when 1,899 auctions were held, but remaining lower than one […]
Housing finance data for July 2016 was released by the Australian Bureau of Statistics (ABS) earlier today. The release showed that the total value of mortgage lending in July 2016 was recorded at $31.8 billion which was -1.8% lower compared to the $32.4 billion worth of mortgage lending in June 2016. The value of mortgage […]
Upcoming auctions: The number of auctions scheduled across the capital cities is virtually unchanged over the week, with CoreLogic currently tracking 1,895 residential auctions, just four fewer than last week. The difference in weekly activity is more prominent on a city-by-city basis, with the number of auctions scheduled in Melbourne rising this week, from 830 […]
The first weekend of spring sees preliminary capital city clearance rate reach a new year to date high of 78.4 per cent
The number of homes taken to auction this week fell slightly to 1,858, compared to the 2,153 auctions held last week and 2,297 one year ago. The preliminary clearance rate was higher than the previous week’s result of 74.5 per cent and up from last year, when the clearance rate was recorded at 73.2 per […]
Upcoming auctions: There are slightly fewer auctions scheduled to take place across the combined capital cities this week, with 1,972 currently being tracked by CoreLogic. In both Sydney and Melbourne, the two major auction markets, auction activity is down week-on-week, with 776 Melbourne auctions scheduled and 671 homes set to be taken to auction across […]
CoreLogic RP Data is Australia's #1 Property Information Provider. Our blog is maintained by CoreLogic RP Data’s research director, Tim Lawless and Cameron Kusher who is CoreLogic RP Data’s senior research analyst. We hope you find the information we post here useful and we welcome your comments and feedback.
Regards, The Team @ CoreLogic RP Data
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