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Resurgent investor housing demand continues

November 2016 housing finance data was released by the Australian Bureau of Statistics (ABS) earlier today.  The release showed that over the month, housing finance commitments totalled $33.2 billion, which was a historic high, tracking 2.2% higher over the month and up 4.2% year-on-year. The $33.2 billion worth of commitments consisted of $19.9 billion in […]

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chart 4

Dwelling approvals bounce in November but don’t expect it to continue

According to the Australian Bureau of Statistics (ABS) November 2016 building approvals data there were 17,569 houses and units approved for construction across the country over the month.  Based on the seasonally adjusted series, the number of dwelling approvals rose by 7.0% over the month due to a substantial rebound in unit approvals.  Despite an […]

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20161219 Sydney

The final week of auction reporting for the year sees the combined capital city clearance rate remain above 70 per cent, while auction volumes continue their seasonal taper

Auction activity continued to ease this week after a surge in auctions over the past four weeks. The combined capital city clearance rate fell slightly to 70.5 per cent, down from last week’s 71.6 per cent. The number of properties taken to auction this week also fell across the capital cities, with 2,722 reported auctions, […]

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20161215 Sub-region

CoreLogic National Auction Preview, week ending 18 December 2016

Upcoming auctions: There are significantly fewer auctions scheduled to take place across the combined capital cities this week, with 2,627 currently being tracked by CoreLogic. In both Melbourne and Sydney, the two major auction markets, auction activity is down week-on-week, with 1,225 Melbourne auctions scheduled and 862 homes set to be taken to auction across […]

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20161212 Sydney

Auction markets continue their strong run, with the number of auctions recorded at the second highest level this year and clearance rates remaining above 70 per cent for the 20th successive week

Auction activity does not appear to be slowing through the festive period, with auction numbers reaching the highest level since March earlier this year.  There were 3,411 auctions held over the past week, returning a preliminary clearance rate of 74.6 per cent, which is up from last week’s 72.3 per cent and substantially higher than […]

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empty-and-full-shelves

Stock levels remain well below average across the hot housing markets, but are close to record levels in Perth and Darwin.

With the spring ‘selling season’ done and dusted and Christmas rapidly approaching, it is worthwhile having a look at how stock levels have tracked over the season and year relative to previous years. One of the key facets of the housing market over the last year has been the shortage of advertised stock that has […]

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20161208-subregions

CoreLogic National Auction Preview, week ending 11 December 2016

Upcoming auctions: Auction volumes are set to increase slightly this week with 3,232 capital city auctions currently being tracked by CoreLogic this week compared to 3,207 auctions last week. Auction volumes are set to rise this week in Melbourne, with 1,561 auctions scheduled. There are slightly fewer auctions scheduled across Sydney this week, with 1,126 […]

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20161205-sydney

Capital city clearance rate remains strong for the first week of Summer at 75 per cent, while the number of auctions has fallen week-on-week

The combined capital city preliminary clearance rate rose this week to 75.0 per cent, up from last week’s final clearance rate of 73.0 per cent. This week’s auction market results indicate that clearance rates are maintaining strength coming into summer, a trend that is very different compared with last year’s performance when auctions clearance rates […]

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construction

Sharp fall in unit approvals in October likely marks the peak of the residential construction cycle

The Australian Bureau of Statistics October dwelling approvals data likely marks a significant turning point for unit supply, with the latest numbers showing unit approvals have plunged to their lowest levels in 2 years. The October data showed unit approvals have consistently trended lower since reaching a recent high point in July earlier this year. […]

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20161201-subregions

CoreLogic National Auction Preview, week ending 4 December 2016

Upcoming auctions: There are slightly fewer auctions scheduled to take place across the combined capital cities this week, with 2,986 currently being tracked by CoreLogic. In both Sydney and Melbourne, the two major auction markets, auction activity is down week-on-week, with 1,351 Melbourne auctions scheduled and 1,111 homes set to be taken to auction across […]

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