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20170424 Sydney

Volumes rise across the combined capital cities and return a clearance rate of 72.1 per cent

Auction activity increased significantly across the combined capital cities this week after last week’s Easter period slowdown, with 1,732 homes taken to market and a preliminary clearance rate of 72.1 per cent, down from 73.9 per cent last week across fewer auctions (493).  Melbourne saw the most significant increase in activity, with volumes increasing from […]

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The number of individuals claiming a net rental loss has flat-lined over recent years

The Australian Tax Office (ATO) released their taxation statistics for the 2014-15 financial year last week, and from a housing market perspective it provides some really valuable data on property investor behaviour. Over the 2014-15 financial year, property investors claimed $11.120 billion in net rental losses compared to $7.491 billion in net rental profit.  The […]

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20170420 Upcoming auctions

CoreLogic National Auction Preview, week ending 23 April 2017

Upcoming auctions This week, the number of auctions scheduled to take place will increase across the combined capital cities, with 1,586 currently being tracked by CoreLogic, up from 493 last week when auction activity slowed down over the Easter period. Melbourne is expected to see the most significant increase in volumes over the week, with […]

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20170418 Volumes

Easter long weekend returns a rise in capital city clearance rate

Across the combined capital cities, the auction clearance rate rose to 78.8 per cent last week, from 74.8 per cent the previous week. The number of homes taken to auction, however, fell to just 487 across the capital city markets, with Sydney host to the majority of auctions last week (275). Preliminary results for Sydney […]

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20170413 region

CoreLogic National Auction Preview, week ending 16 April 2017

Upcoming auctions Given the upcoming Easter long weekend, auction volumes are significantly lower this week with only 426 capital city auctions scheduled; a much lower number than last week when 3,517 were held across the capital city auction markets in the lead up to the long weekend, and lower than this time last year when […]

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Investor lending slows in February before the APRA crackdown was announced

It seems that lenders were already scaling back their appetite for investment lending as early as January this year, with the value of housing finance commitments for investment purposes falling by almost 6% in February; the largest fall in lending for investment purposes since September 2015.  While this is only one month of data, it […]

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20170410 Sydney

The busiest week for auctions so far this year returns a preliminary clearance rate of 77.6 per cent

Auction activity ramped up across the combined capital cities this week in the lead up to Easter, with 3,424 homes taken to auction this week, recording the highest volume of auctions year-to-date. The preliminary clearance rate remains strong despite the increase in volumes over the week, with 77.6 per cent of auctions reporting as successful. […]

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The mortgage lending landscape has changed substantially over the past week

On Friday of last week the banking regulator, the Australian Prudential Regulation Authority (APRA) wrote to all authorised deposit-taking institutions (ADIs) announcing further measures to reinforce sound residential mortgage lending practices.  Since then we have seen the CoreLogic home value index showing that capital city dwelling values are increasing at their fastest annual pace since […]

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20170406 SubRegions

CoreLogic National Auction Preview, week ending 9 April 2017

Upcoming auctions The combined capital cities are set to see a significant increase in auctions over the week, with 3,275 scheduled to take place, up from last week’s 2,657. The number of auctions scheduled to take place this week is expected to increase across all of the capital cities with the exception of Brisbane, where […]

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20170403 Sydney

Preliminary clearance rate remains strong, while auction volumes fall

The combined capital city preliminary clearance rate remains in the mid-high 70 per cent range for another week, while auction volumes decrease week-on-week. There were 2,646 properties taken to auction this week, down from 3,171 last week, when auction volumes reached their second highest level so far this year. Despite auction volumes shifting generally higher […]

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