Upcoming auctions: A slightly higher number of capital city auctions are scheduled for this week with 2,466 capital city auctions currently being tracked by CoreLogic. In Sydney, the 773 auction scheduled is fewer than last week while in Melbourne auction volumes are set to rise with 1,319 auctions currently scheduled. In both Sydney, Melbourne and […]
It has been another strong week for auction results, with a preliminary auction clearance rate of 77.9 per cent. There were 2,405 auctions held across the combined capital cities. Auction volumes still remain below levels of last year. The clearance rate has remained above 70 per cent since the last week in July. Last week, […]
Upcoming auctions: Auction volumes are set to remain relatively stable this week across the combined capital cities with 2,217 auctions currently being tracked by CoreLogic compared to 2,290 auctions last week. In Sydney, 792 auctions are currently scheduled for this week and in Melbourne there are 1,110 auctions scheduled. In both Sydney and Melbourne auction […]
Earlier this week, housing finance data for August 2016 was released by the Australian Bureau of Statistics (ABS). Over the month there was $31.4 billion worth of housing finance commitments which was -1.0% lower over the month and -5.1% lower than it was at its peak in April 2015. The $31.4 billion worth of commitments […]
Last week the capital city auction markets were quiet due to the Labour Day long weekend which coincided with the AFL and NRL grand finals. Given this, it was unsurprising to see volumes increase substantially this week, with 2,246 held across the combined capital cities. The preliminary clearance rate was 79.2 per cent this week, […]
Upcoming auctions: There has been a substantial increase in scheduled auctions this week relative to the 853 auctions last week, with CoreLogic tracking 2,161 auctions across the combined capital cities this week. In both Sydney and Melbourne, the two major auction markets, auction activity is up week-on-week, with 1,085 Melbourne auctions scheduled and 731 homes […]
Earlier today the Australian Bureau of Statistics released the latest building approvals data for August 2016. The data showed that the strength in residential dwelling approvals is continuing. Over the month there were 20,788 dwellings approved for construction which was a moderate -1.8% lower over the month but 10.1% higher than the number in August […]
Auction volumes fall due to the Labour Day long weekend as well as the NRL and AFL grand finals, while the clearance rate remains steady
There was a substantial drop in auction numbers this week due to the grand finals and the Labour Day long weekend. 853 properties were taken to auction last week, with a preliminary clearance rate of 77.5 per cent, compared to the same time last year when there were 865 auctions were held, with a clearance […]
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 […]
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 […]
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