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20170525 Region

CoreLogic National Auction Preview, week ending 28 May 2017

Upcoming auctions It is expected that auction activity will remain relatively steady over the week across the combined capital cities, with volumes set to see only a slight decrease week-on-week. There are 2,668 combined capital city auctions currently being tracked by CoreLogic this week, decreasing from the 2,824 auctions held last week, and higher than […]

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Buyer demand moves off the floor in mining regions

Most mining towns have seen their property prices crushed over recent years as commodity prices have fallen and investment has dried up.  In this week’s Pulse we take a look at how some of these major mining regions are faring. As resource investment has stalled over recent years, demand for housing in towns linked to […]

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20170521 Adelaide

Preliminary figures show 77.2 per cent of auctions were successful across the combined capital cities, while auction activity rises week-on-week

Auction activity across the combined capital cities increased this week, up from 2,409 auctions last week, to 2,794 this week, making it the sixth busiest week this year. This week’s weighted average clearance rate across the combined capitals was 77.2 per cent, increasing from a final clearance rate of 72.8 per cent over the previous […]

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20170518

CoreLogic National Auction Preview, week ending 21 May 2017

Upcoming auctions The number of auctions scheduled to take place across the combined capital cities is set to rise this week, with 2,619 currently being tracked by CoreLogic, up from 2,409 auctions last week, and higher than the 1,920 auctions held over the same week last year. Auction activity across Melbourne and Sydney, the two […]

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Investor mortgage demand was petering out in February and March, expect this to continue over the coming months

According to the latest housing finance data release for March 2017 there was $33.2 billion in finance commitments over the month.  The monthly value of commitments increased by 0.9% to be  5.3% higher year-on-year.  While the value of commitments to investors has slowed over recent months, owner occupier demand lifted slightly in March 2017. The […]

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chart 5

Fewer buyers results in greater months of supply

Based on the relationship between demonstrated housing demand and advertised stock levels we are seeing relatively more stock available for sale compared to demand for that stock across the capital cities at the moment. The months of supply figure compares the number of unique properties advertised for sale to the number of transactions in the […]

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20170515 Sydney

Auction conditions remain strong with a rebound in auction volumes and higher preliminary clearance rate over second week of May

Auction markets have remained resilient, with both volumes and the preliminary clearance rate rising week-on-week. The strong auction results add some complexity to speculation that the housing market is moving through its peak rate of growth.  At face value, auction markets are continuing to indicate continued strength in selling conditions across Sydney and Melbourne, however […]

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20170511 Regional

CoreLogic National Auction Preview, week ending 14 May 2017

Upcoming auctions This week, auction volumes are expected to rise with 2,196 properties scheduled to go to auction across the combined capital cities, increasing from last week’s 1,689. Melbourne will be host to the highest volume of auctions this week, with 1,001 homes set to go to auction across the city, up from 792 last […]

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Budget

Implications for the housing market and housing affordability from the 2017 Federal Budget

Summary and headline response With so much debate about housing affordability it was always going to be the case that the 2017 budget included key policies aimed at improving the affordability of housing and addressing some of the systemic issues that have pushed housing prices out of reach for many Australians. At face value, the […]

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chart 5

High-rise unit approvals have fallen off a cliff

Monthly building approvals shows that the recent contraction in approvals has continued.  In fact, the number of dwellings approved for construction in March 2017 was -23.7% lower than its historic peak which occurred in August of last year.  The data now clearly looks like a case of what goes up must come down and the […]

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