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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20170508 Sydney

Preliminary clearance rate holds firm around 74% on lower auction activity in the first week of May

This week, 1,662 capital city auctions were held and preliminary results show that 1,365 auctions have been reported so far, with a preliminary clearance rate of 74.6 per cent, rising from a final clearance rate of 74.0 per cent last week across 2,350 auctions.  While clearance rates remain above the long term average across the […]

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20170504 Regions

CoreLogic National Auction Preview, week ending 7 May 2017

Upcoming auctions Auction activity across the combined capital cities is expected to decrease this week, with 1,527 properties scheduled to go to auction, down from last week’s 2,350 and also lower than one year ago (2,230). Week-on-week volumes across Melbourne and Sydney, the two largest auction markets are set to fall considerably this week, with […]

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20170430 Sydney

Preliminary clearance rate strengthens after last week saw the final clearance rate fall below 70 per cent

The combined capital city preliminary clearance rate rose to 76.9 per cent this week, increasing from last week, when final results saw the clearance rate fall to 69.8 per cent after 10 consecutive weeks remaining in the mid-70 per cent range.  The rebound in the preliminary clearance rate has occurred against a backdrop of higher […]

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20170427 Region

CoreLogic National Auction Preview, week ending 30 April 2017

Upcoming auctions The number of auctions scheduled to take place across the combined capital cities this week is expected to increase, with 2,166 currently being tracked by CoreLogic. In both Melbourne and Sydney, the two major auction markets, auction activity is set to ramp up with 1,133 scheduled auctions across Melbourne, increasing from 828 last […]

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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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