Archive | June, 2017

20170622 Regional

CoreLogic National Auction Preview, week ending 25 June 2017

Upcoming auctions This week, CoreLogic is currently tracking 2,172 capital city auctions, decreasing from the 2,444 auctions held last week. When compared to the same time last year, auction volumes across the combined capitals were only slightly higher, with 2,183 auctions held. As usual, Melbourne and Sydney are the two busiest capital city auction markets […]

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The housing investment slowdown is upon us (for at least a while)

The latest housing finance and housing credit data confirm that the level of activity from investors in the housing market is slowing. Australian mortgage lenders have been rationing credit to the investor segment and lifting mortgage rates and these changes are starting to bite with investor demand now slowing.  It remains to be seen if […]

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20170619 Sydney

Auction volumes rise to 2,407 across the capital cities returning a preliminary clearance rate of 69.6 per cent

There were 2,407 auctions held across the combined capital cities this week, with a preliminary auction clearance rate of 69.6 per cent. Last week, the final clearance rate fell to 67.8 per cent, recording the lowest clearance rate year to date, across 1,279 capital city auctions. This is the 3rd week in a row now […]

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2017_06_09_Auction_Graph

Commercial Auction Results – Week ending 9th June 2017

The preliminary CoreLogic results suggest there were 37 auctions held in the week ending the 9th of June, with a clearance rate of 62.2%. This is a higher clearance rate than the previous week, however because the number of properties at auction were lower, it represents fewer sales and a lower combined value. The preliminary […]

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Pulse - NCSalesGrid

Commercial Market Update – Newcastle Cityscope

The latest research from Newcastle Cityscope shows commercial property sales in Newcastle’s CBD have slightly decreased in both number and value. In the quarter to June 2017, there were 24 sales at a total value of $39.2 million, compared to 27 sales at a total value of $39.5 million in the previous quarter, and 31 […]

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Is sentiment, particularly housing sentiment, turning negative?

The Westpac and Melbourne Institute’s consumer sentiment index for June 2017 was released earlier this week.  The Index was recorded at 96.2 points which was the lowest monthly reading for the index since April 2016. When the Consumer Sentiment Index sits below 100 points it means that consumers are more pessimistic than optimistic.  The Index […]

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20170615 Upcoming auctions

CoreLogic National Auction Preview, week ending 18 June 2017

Upcoming auctions This week, the number of auctions scheduled to take place across the combined capital cities is expected to rise, after last week saw a slowdown in activity due to the public holiday held in most states, including the two largest auction markets. There are 2,247 properties scheduled to go to auction this week, […]

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Downturn refresher: what happens when prices start falling?

When we think about the housing market we tend to focus on when values rise but in the recent past values have fallen in each capital city; this week we look at the magnitude and duration of these falls in the past. Throughout the past 20 years it has been much more common for combined […]

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20170612 Sydney

Preliminary auction clearance rate holds above 70 per cent on lowest volumes since Easter

The number of auctions held this week saw a significant decrease, with 1,265 properties taken to market across the combined capital cities, down from 2,578 over the week prior. The decrease in auction activity this week is attributable to the Queen’s Birthday public holiday this Monday, which has affected activity across most states, including Australia’s […]

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Investor demand and refinancing by owner occupiers continues to stall in April 2017

The latest housing data from the Australian Bureau of Statistics (ABS) shows that while lending to owner occupiers is fairly flat, demand from the investor segment has continued to stall.  When you dig deeper, the data shows that owner occupier demand is growing for new lending as refinancing stalls. The April 2017 housing finance data […]

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