The housing market appears to be responding to a number of factors which have spurred further growth in home values. Official interest rates are at historic low levels which has encouraged borrowing for housing and driven housing debt to record-high levels. The low interest rate setting is also seeing significant competition amongst lenders which has […]
Upcoming auctions: There are almost 2,000 capital city auctions scheduled to take place this week, rising from 1,795 last week, but remaining lower than one year ago, when 2,654 auctions were held. Of the current 1,972 auctions being tracked by CoreLogic, 1,002 are in Melbourne and 691 are in Sydney, representing a week-on-week rise in […]
This week, 1,747 capital city auctions were held and preliminary results show that 1,485 auctions have been reported so far, with a preliminary clearance rate of 76.6 per cent, rising from 75.0 per cent last week across 1,471 auctions. This week’s clearance rate is comparable to one year ago, when 72.9 per cent of capital […]
Late last week the Australian Bureau of Statistics (ABS) published lending finance data for June 2016. When this data is paired with housing finance data it provides valuable insights about the value of housing finance commitments across each state and territory. According to the data across the combined states and territories there was $34.8 billion […]
Upcoming auctions: The auction markets are set to be busier this week, with 1,622 auctions currently being tracked by CoreLogic. This represents an approximate rise in auction activity of 10 per cent across the combined capitals on a weekly basis. Auction activity, however, remains lower than one year ago, when 2,248 capital city auctions were […]
Preliminary auction results show highest clearance rate since June 2015, with 77.8 per cent of homes sold at auction
The capital city clearance rate continued its upwards trend, with preliminary results showing that 77.8 per cent of reported auctions across the capitals were successful. The strong trend in auction results over recent months has been achieved on falling auction volumes, suggesting the buyer demand is outweighing the supply of homes being taken to auction. […]
The Australian Bureau of Statistics released housing finance data for June 2016 earlier this week. The data showed that the value of housing finance commitments was recorded at $32.6 billion which was the highest value since August 2015 but still -2.1% lower than its record high of $33.3 billion in April 2015. Looking at the […]
Upcoming auctions: CoreLogic is tracking a total of 1,318 auctions this week, down from last week (1,540) and remaining significantly lower than one year ago, when 2,118 capital city auctions were held. The two major auction markets of Sydney and Melbourne both have a similar number of auctions scheduled this week, with 563 to be […]
After recording the strongest year to date result last week, the capital city preliminary clearance rate this week has risen further, from 72.0 per cent to 74.9 per cent, based on preliminary results. The number of auctions held across the capitals this week was lower, with 1,517 held, compared to 1,610 over the previous week. […]
Upcoming auctions: After rising last week, auction activity across the capital city markets is set to fall back to the same levels seen over the first three weeks of July this year, with 1,390 capital city auctions currently being tracked. This week’s auction activity is much lower than what was seen last year, when 2,512 […]
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.
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