20160929-capital-city-graph

CoreLogic National Auction Preview, week ending 2 October 2016

Upcoming auctions: This week there are far fewer auctions scheduled across the capital cities, with the NRL and AFL grand finals both scheduled to take place, as well as a number of long weekends. The sharpest fall away in auction volumes is in Melbourne. After hosting 1,103 auctions last week, only 74 are currently being […]

Read full story Comments { 0 }
chart-5

Victoria remains the powerhouse of population growth

Demographic data for the March 2016 quarter was released last week from the Australian Bureau of Statistics (ABS).  The data showed that over the 12 months the national population increased by 1.4% which translates into an increase of 327,610 persons. Looking at the two components of national population growth, they show that over the year […]

Read full story Comments { 0 }
20160926-brisbane

Preliminary clearance rate remains above 70 per cent for the ninth consecutive week, edging close to 80 per cent

It has been another strong week for auction activity, there were 2,445 auctions held across the combined capital cities with a preliminary auction clearance rate of 78.3 per cent this week.  Last week, the final auction clearance rate was recorded at 76.2 per cent with 2,149 residential properties taken to auction. At the same time […]

Read full story Comments { 0 }

A refresher on housing market measurements

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 […]

Read full story Comments { 0 }
20160922-capital-city-auction-statistics

CoreLogic National Auction Preview, week ending 25 September 2016

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 […]

Read full story Comments { 0 }
20160919-adelaide_2

A limited increase in auction activity, coupled with a rising auction clearance rate

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 […]

Read full story Comments { 0 }
chart-7

Investors are re-entering the housing market but should do so with caution

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 […]

Read full story Comments { 0 }
20160915-capital-city-auction-statistics

CoreLogic National Auction Preview, week ending 18 September 2016

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 […]

Read full story Comments { 0 }
20160912-capital-city

Preliminary auction clearance rates ease slightly to 76.4 per cent

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 […]

Read full story Comments { 0 }
chart-5

Investor housing demand continues its bounce-back

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 […]

Read full story Comments { 0 }