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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20161128-sydney

Auction markets continue their strong run of high clearance rates after the second busiest week for auctions so far this year

Auction volumes increased with 3,367 properties taken to auction this week.  This was the second highest number of reported auctions this year for the combined capital cities, up from 2,987 over the previous week. Despite the surge in auction numbers, market volume is still significantly lower than the corresponding week last year (3,729).  The preliminary auction clearance rate, despite […]

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chart-4

The slide in construction work done continues over the September 2016 quarter

The Australian Bureau of Statistics (ABS) released data on construction work done over the September 2016 quarter earlier this week.  The data showed that the value of work done fell to its lowest level since December 2010. Over the September 2016 quarter, $46.1 billion worth of construction was completed.  The $46.1 billion in work was […]

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20161124-capital-city-stats

CoreLogic National Auction Preview, week ending 27 November 2016

Auction activity is set to ramp up this week with 3,127 capital city auctions currently being tracked by CoreLogic. If all of these auctions go ahead it will be the largest auction week of the year. Both Sydney and Melbourne are set to record and increase in auction activity this week with 1,508 auctions scheduled […]

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20161121-sydney

The combined capital city clearance rate remains above 70 per cent, despite auction volumes trending higher

There were 2,950 auctions held across the combined capital cities, with week-on-week results showing an increase over the 2,897 reported capital city auctions last week. With the number of auctions tracking at the highest level since March, there has been no indication that clearance rates are starting to ease as we approach summer. However, when […]

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chart-3

Auction clearance rates are not fading through Spring like they have in previous years

We all know Spring as supposedly the best time to be bringing your home to the market.  What is often forgotten is that if everyone acts in the same way looking to sell during Spring, there is a lot more competition amongst vendors and it can be more difficult to sell.  In fact, looking at […]

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20161117-capital-city-stats

CoreLogic National Auction Preview, week ending 20 November 2016

There are slightly fewer auctions scheduled to take place across the combined capital cities this week, with 2,721 currently being tracked by CoreLogic. In both Sydney and Melbourne, the two major auction markets, auction activity is down week-on-week, with 1,201 Melbourne auctions scheduled and 959 homes set to be taken to auction across Sydney. Auction […]

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