20160530 Capital city

Preliminary clearance rate falls slightly to 68.0 per cent as the number of auctions surges to the fourth highest week this year

This week 2,419 auctions were held across the combined capital cities, representing a substantial 26 per cent rise in auction activity compared to the previous week when 1,920 capital city auctions were held. This was the fourth highest number of weekly auctions held over the year to date.  The rise in activity was coupled with […]

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20160526 clearance rate graph

CoreLogic National Auction Preview, week ending 29 May 2016

Upcoming auctions: Auction activity will rise this week, with CoreLogic currently monitoring a total of 2,301 capital city auctions, representing a 20 per cent rise in activity compared with last week (1,920). Despite the week-on-week rise, the number of capital city auctions compared to last year remains remarkably lower, given 2,792 were held over the […]

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Chart 4

The value of construction work done for houses is falling with units likely to follow shortly

The Australian Bureau of Statistics released construction work done data for the March 2016 quarter earlier today.  The data set looks at the value of construction work completed over the quarter and is an input to the national accounts (GDP) data. Over the quarter, the value of construction work done was $47.928 billion which was […]

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20160523 capital city

Strong clearance rates in the Sydney and Melbourne auction markets push the capital city average clearance rate to 70%

The preliminary clearance rate across the combined capital cities rose this week, up from 69.5 per cent the previous week to 70.0 per cent. The level of activity across the capital city auction market was similar to the previous week, with 1,863 auctions held this week, compared to 1,876 last week. Auction activity remains well […]

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Chart 6

Unemployment rate holds at 5.7% in April 2016

The Australian Bureau of Statistics (ABS) released labour force data for April 2016 earlier this week.  The data is one of the key economic releases each month and obviously employment is an important factor for the housing market.  Someone that is employed with a high level of job security, working as many hours as they […]

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20160519 capital city table

CoreLogic National Auction Preview, week ending 22 May 2016

Upcoming auctions: The number of auctions due to be held across the capital city markets this week will remain relatively steady, with CoreLogic currently tracking 1,758 auctions, down from 1,876 last week. In Australia’s largest auction market of Melbourne, 778 auctions are scheduled this week, following a higher 871 last week, while in the second […]

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20160516 Sydney

Preliminary clearance rate edges higher, to 68.9 per cent from 67.7 per cent last week

Auction activity has eased slightly this week, with 1,824 capital city auctions held, down from 2,230 last week and also lower relative to the same week last year when 2,232 residential homes were taken to auction. The preliminary clearance rate across the combined capital cities strengthened slightly this week, from 67.7 per cent the previous […]

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Chart 3

Lending to investors rises as owner occupier lending cools

The Australian Bureau of Statistics released housing finance data for March 2016 earlier this week.  The data showed that the total value of housing finance commitments was recorded at $32.7 billion which was -0.2% lower over the month but 1.2% higher year-on-year. In March 2016, $20.7 billion or 63.3% of all mortgage lending was to […]

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20160512 time series graph

CoreLogic National Auction Preview, week ending 15 May 2016

Upcoming auctions: After over 2,000 capital city auctions were held each week for the past two weeks, auction activity has fallen this week, with 1,718 capital city auctions scheduled. While auction volumes are lower in each of the capital city markets, Adelaide, with 92 auctions this week compared to 94 last week and Canberra, with […]

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20160509 capital city

Sydney and Melbourne the only auction markets to record a preliminary clearance rate above 70 per cent

Of the 2,182 capital city auctions held this week, 1,680 results have been reported so far with a preliminary clearance rate of 67.5 per cent. This week’s preliminary clearance rate is lower than last week’s final results which showed 69.4 per cent of the 2,675 capital city auctions cleared. In terms of auction volumes, in […]

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