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New house approvals now start to fade

Building approvals data for January 2017 was released earlier today by the Australian Bureau of Statistics.  According to the release there were 17,412 dwellings approved for construction over the month which was 1.8% higher over the month but -12.0% lower year-on-year.  In January 2017, the 17,412 dwellings approved for construction was 19.1% lower than its […]

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20170302 Subregions

CoreLogic National Auction Preview, week ending 5 March 2017

Upcoming auctions: The number of auctions scheduled to take place across the combined capital cities is set to fall this week, after the record high for February seen last week. There are 2,558 currently being tracked by CoreLogic, down from 3,301 auctions last week. Auction activity is down week-on-week in Melbourne and Sydney, the two […]

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20170227 Sydney

Auction clearance rates reach the highest level over the calendar year to date as auction volumes reach a record high for February, with 3,232 auctions held across the combined capital cities.

Across the combined capital cities this week, the number of properties taken to auction increased dramatically, with 3,232 auctions held; significantly higher than what has been recorded over the same period across previous years, with auction volumes generally reaching their seasonal peaks around March.  The record highs for the number of auctions were confined to […]

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Capital city vacant land selling prices continue to rise as prices fall in regional Australia

The median selling price of vacant land continued to climb in capital city markets throughout 2016 while in regional areas prices have fallen.  The other big shift over the past 12 months has been the fairly significant increase in lot sizes after they have trended lower over many years. Throughout 2016, the median selling price […]

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20170223 regional

CoreLogic National Auction Preview, week ending 26 February 2017

The number of auctions are set to increase across the combined capital cities this week, with 3,122 currently being tracked by CoreLogic, up from 2,291 last week. In both Sydney and Melbourne, the two major auction markets, auction activity has increased this week, with 1,555 Melbourne auctions scheduled and 1,142 homes set to be taken […]

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20170220 Sydney

Auction volumes surge past 2,000 for the first time this year across Australia’s combined capital cities, with CoreLogic’s preliminary clearance rate reaching 77 per cent.

The combined capital city preliminary clearance rate remained in the high 70 per cent range over the week, despite auction volumes reaching the highest level so far this year.  There were 2,280 dwellings taken to auction this week, significantly increasing from 1,591 over the previous week, with 77.0 per cent of auctions reported as successful.  […]

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20170216 Capit city stats

CoreLogic National Auction Preview, week ending 19 February 2017

Upcoming auctions: There are 2,136 capital city auctions scheduled to take place this week, increasing from 1,591 last week, although predicted auction volumes are lower than the same week last year, when 2,347 auctions were held. In Melbourne and Sydney, auction activity is set to rise week-on-week, with 1,005 auctions scheduled to be held in […]

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chart 5

Tourism boom: Short-term arrivals to Australia continue to grow at a faster pace than short-term departures, providing good news for the tourism sector

Earlier today the Australian Bureau of Statistics released overseas arrivals and departures data for December 2016.  The data is important because it provides insight around how many people are coming to and leaving from Australia.  It also provides some insight into where they come from, why they are coming to Australia, how long they intend […]

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20170213 Sydney

Preliminary clearance rates surges to 76.6 per cent as the number of auctions continues to trend higher

It has been strong week for auction activity across the capital cities, with the number of auctions more than doubling compared with last week in Sydney and Melbourne.  Despite the surge in the number of auctions held, the combined capitals region recorded a preliminary auction clearance rate of 76.6 per cent, up from last week, […]

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chart 4

Mortgage demand for established housing stock continues to climb

Housing finance data for December 2016 was released earlier today by the Australian Bureau of Statistics.  Demand for mortgage finance continues to increase over the month reflective of the ongoing growth in home values currently being experienced. Unlike the rest of the charts throughout this post, the above chart does not use seasonally adjusted figures.  […]

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