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CoreLogic National Auction Preview, week ending 24 July 2016

Upcoming auctions: For the third week in a row, auction activity will remain relatively steady, with 1,225 capital city auctions scheduled across the nation’s capital cities this week. The number of auctions in the two major auction markets of Melbourne and Sydney is expected to fall slightly, with 542 Melbourne auctions scheduled, down from 667 […]

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20160718 Adelaide

The preliminary clearance rate held above 70% across the combined capitals for the second week running, with more than three quarters of Sydney and Melbourne auctions returning a successful result

Across the combined capital cities, the preliminary clearance rate rose this week, up from 70.6 per cent the previous week to 71.6 per cent. The 70.6 per cent clearance rate over the week ending 10 July represented the first time  in 15 weeks where the combined capital city clearance rate surpassed 70 per cent. The […]

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20160714 capital city graph

CoreLogic National Auction Preview, week ending 17 July 2016

Upcoming auctions: Auction activity is set to remain relatively steady this week, with 1,310 capital city auctions scheduled, down slightly from 1,399 last week. The two major auction markets of Sydney and Melbourne will account for almost 82 per cent of auctions this week, with 626 scheduled auctions in Melbourne and 447 currently being tracked […]

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Chart 4

Investor housing finance commitments bounce in May 2016

Over the month there were $32.3 billion in housing finance commitments which is 1.0% higher over the past month.  Although the value of housing finance commitments increased in May 2016, they are now -4.6% lower than their August 2015 peak of $33.8 billion worth of commitments.  The CoreLogic Mortgage Index, which tracks 95% of national […]

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20160711 Melbourne

Auction activity increases, with a preliminary clearance rate of 72.0 per cent

Of the 1,365 capital city auctions held this week, 1,110 results have been reported so far with a preliminary clearance rate of 72.0 per cent. This week’s preliminary clearance rate is higher than last week, when final results showed that 67.0 per cent of auctions were successful. The number of auctions held this week was […]

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CoreLogic National Auction Preview, week ending 10 July 2016

Upcoming auctions: There will be more auction activity across the capital cities this week, with auction volumes currently sitting at 1,328 across the combined capitals. Although the number of auctions has increased following the quieter Federal Election week, there are still far fewer auctions than the 1,704 held at the same time last year. Compared […]

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Chart 4

Dwelling approvals drop in May 2016, a year after they hit a record high

Building approvals data for May 2016 was released earlier this week by the Australian Bureau of Statistics (ABS).  According to the data there were 19,276 dwellings approved for construction over the month. The 19,276 approvals in May 2016 the lowest number of monthly approvals in four months.  Despite a monthly fall in approvals, they remain […]

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20160704_capital city

Auction markets slow in the wake of the Federal Election with only 811 capital city auctions

70.7 per cent of capital city auctions were successful this week, according to preliminary results. This week’s result indicates an upwards shift in the auction clearance rate from last week, when 66.4 per cent of auctions were successful and is also higher than the clearance rate recorded over the first month of winter 2016 (67.1 […]

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CoreLogic National Auction Preview, week ending 3 July 2016

Upcoming auctions: This weekend, focus will be drawn away from the auction market with more eyes shifting towards the Federal Election outcome this Saturday. Currently, CoreLogic is tracking 754 capital city auctions, down substantially compared to both last week (2,218) and one year ago (1,674). In each of the individual capital city markets, auction activity […]

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Chart 9

The property price to income ratio is rising in Sydney, Melbourne and Canberra but flat or falling elsewhere

Utilising quarterly household income data from the Australian National University, CoreLogic has developed quarterly measurements of the ratio of property prices to annual household income.  This data is extremely valuable when looking to measure housing affordability.  The measure is available at a number of different geographies from SA2 regions (generally about the size of a […]

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