Auction volumes increased with 3,367 properties taken to auction this week. This was the second highest number of reported auctions this year for the combined capital cities, up from 2,987 over the previous week. Despite the surge in auction numbers, market volume is still significantly lower than the corresponding week last year (3,729). The preliminary auction clearance rate, despite […]
The Australian Bureau of Statistics (ABS) released data on construction work done over the September 2016 quarter earlier this week. The data showed that the value of work done fell to its lowest level since December 2010. Over the September 2016 quarter, $46.1 billion worth of construction was completed. The $46.1 billion in work was […]
Auction activity is set to ramp up this week with 3,127 capital city auctions currently being tracked by CoreLogic. If all of these auctions go ahead it will be the largest auction week of the year. Both Sydney and Melbourne are set to record and increase in auction activity this week with 1,508 auctions scheduled […]
The combined capital city clearance rate remains above 70 per cent, despite auction volumes trending higher
There were 2,950 auctions held across the combined capital cities, with week-on-week results showing an increase over the 2,897 reported capital city auctions last week. With the number of auctions tracking at the highest level since March, there has been no indication that clearance rates are starting to ease as we approach summer. However, when […]
We all know Spring as supposedly the best time to be bringing your home to the market. What is often forgotten is that if everyone acts in the same way looking to sell during Spring, there is a lot more competition amongst vendors and it can be more difficult to sell. In fact, looking at […]
There are slightly fewer auctions scheduled to take place across the combined capital cities this week, with 2,721 currently being tracked by CoreLogic. In both Sydney and Melbourne, the two major auction markets, auction activity is down week-on-week, with 1,201 Melbourne auctions scheduled and 959 homes set to be taken to auction across Sydney. Auction […]
Preliminary clearance rate remains strong at 77.5 per cent, while auction volumes remain lower than last year
The combined capital city preliminary clearance rate increased this week, up from last week’s final of 73.6 per cent to 77.5 per cent, with auction volumes also showing an increasing trend over the week. There were 2,843 auctions held across the combined capital cities, up from last week’s 2,517. However, auction volumes continue to track […]
The September 2016 housing finance data was released earlier today by the Australian Bureau of Statistics (ABS). The data showed that there were $32.3 billion worth of housing finance commitments in September 2016 nationally which was the highest monthly value since June 2016. The value of housing finance commitments increased by 2.3% over the month […]
A new leader of the world’s largest super power will always be accompanied by uncertainty, however the election of Donald Trump highlights (in the words of another Donald (Rumsfeld)) that “unknown unknowns” have been amplified. This means uncertainty. Trump is untested, unproven, and if the election campaign is anything to go by, spontaneous. While Trump’s […]
Upcoming auctions: Auction volumes are set to rise this week with 2,613 capital city auctions currently being tracked by CoreLogic this week compared to 2,490 auctions last week. Auction volumes are set to ease this week in Sydney with 948 auctions scheduled compared to 1,063 last week. In Melbourne volumes are set to rise from […]
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