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20160523 capital city

Strong clearance rates in the Sydney and Melbourne auction markets push the capital city average clearance rate to 70%

The preliminary clearance rate across the combined capital cities rose this week, up from 69.5 per cent the previous week to 70.0 per cent. The level of activity across the capital city auction market was similar to the previous week, with 1,863 auctions held this week, compared to 1,876 last week. Auction activity remains well […]

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Chart 6

Unemployment rate holds at 5.7% in April 2016

The Australian Bureau of Statistics (ABS) released labour force data for April 2016 earlier this week.  The data is one of the key economic releases each month and obviously employment is an important factor for the housing market.  Someone that is employed with a high level of job security, working as many hours as they […]

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20160519 capital city table

CoreLogic National Auction Preview, week ending 22 May 2016

Upcoming auctions: The number of auctions due to be held across the capital city markets this week will remain relatively steady, with CoreLogic currently tracking 1,758 auctions, down from 1,876 last week. In Australia’s largest auction market of Melbourne, 778 auctions are scheduled this week, following a higher 871 last week, while in the second […]

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20160516 Sydney

Preliminary clearance rate edges higher, to 68.9 per cent from 67.7 per cent last week

Auction activity has eased slightly this week, with 1,824 capital city auctions held, down from 2,230 last week and also lower relative to the same week last year when 2,232 residential homes were taken to auction. The preliminary clearance rate across the combined capital cities strengthened slightly this week, from 67.7 per cent the previous […]

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Chart 3

Lending to investors rises as owner occupier lending cools

The Australian Bureau of Statistics released housing finance data for March 2016 earlier this week.  The data showed that the total value of housing finance commitments was recorded at $32.7 billion which was -0.2% lower over the month but 1.2% higher year-on-year. In March 2016, $20.7 billion or 63.3% of all mortgage lending was to […]

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20160512 time series graph

CoreLogic National Auction Preview, week ending 15 May 2016

Upcoming auctions: After over 2,000 capital city auctions were held each week for the past two weeks, auction activity has fallen this week, with 1,718 capital city auctions scheduled. While auction volumes are lower in each of the capital city markets, Adelaide, with 92 auctions this week compared to 94 last week and Canberra, with […]

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20160509 capital city

Sydney and Melbourne the only auction markets to record a preliminary clearance rate above 70 per cent

Of the 2,182 capital city auctions held this week, 1,680 results have been reported so far with a preliminary clearance rate of 67.5 per cent. This week’s preliminary clearance rate is lower than last week’s final results which showed 69.4 per cent of the 2,675 capital city auctions cleared. In terms of auction volumes, in […]

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Chart 1

Housing wants vs housing needs

Earlier this week 4 Corners ran a detailed report on housing focusing largely on how unaffordable it is.  The program focused very much on the fact that housing was expensive but nowhere in the report did they actually delve into the reasons why housing is so expensive.  There were plenty of statements about how people […]

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20160505 capital city graph

CoreLogic National Auction Preview, week ending 8 May 2016

Upcoming auctions: After a busy week across the capital city auction markets last week when 2,675 auctions were held, this week is set to see less auction activity, with CoreLogic currently tracking 2,049 scheduled auctions. Although volumes are set to fall, this week represents the second consecutive week for auction activity above the 2,000 mark. […]

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201605 national

Residential listings trend higher in April, however, total stock available for sale nationally remains slightly lower than one year ago

After falling away in March, both new listings and the total volume of homes available for sale across Australia have risen in April. Over the 28 days ending 1 May 2016, the total number of homes available for sale across the nation rose to 241,633, compared to 235,897 over the 28 day period ending 3 […]

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