Archive | May, 2015

Increased sales at auction a likely result of the latest interest rate cut

CoreLogic RP Data National Auction Preview, week ending 10 May 2015 Currently, CoreLogic RP Data is tracking 2,651 auctions across Australia for this week, with 2,177 scheduled across the capital cities. Last week there were 2,540 capital city auctions and over the same week one year ago, there were 1,535 capital city auctions. Last year, […]

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Chart 9

Dwelling approvals hit new record highs in March 2015

The Australian Bureau of Statistics (ABS) released building approvals data for March 2015 earlier today. The data showed that over the month there were 19,419 new dwelling approvals which was a record high and 2.8% higher than levels in February. The data highlights that approvals and subsequently new housing construction is continuing to surge across […]

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20150503 Capital City

A combined capital city clearance rate of 79 per cent, the third strongest on record, shows auction strength continues into May

This week there were 2,419 capital city auctions held and the preliminary clearance rate was 79.0 per cent, a good start to May, following on from last week’s record result (82.3 per cent) across the capital city auction markets, when just 604 auctions were held.  This week’s preliminary clearance rate is the third strongest combined […]

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