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The housing investment slowdown is upon us (for at least a while)

The latest housing finance and housing credit data confirm that the level of activity from investors in the housing market is slowing. Australian mortgage lenders have been rationing credit to the investor segment and lifting mortgage rates and these changes are starting to bite with investor demand now slowing.  It remains to be seen if […]

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20170619 Sydney

Auction volumes rise to 2,407 across the capital cities returning a preliminary clearance rate of 69.6 per cent

There were 2,407 auctions held across the combined capital cities this week, with a preliminary auction clearance rate of 69.6 per cent. Last week, the final clearance rate fell to 67.8 per cent, recording the lowest clearance rate year to date, across 1,279 capital city auctions. This is the 3rd week in a row now […]

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Is sentiment, particularly housing sentiment, turning negative?

The Westpac and Melbourne Institute’s consumer sentiment index for June 2017 was released earlier this week.  The Index was recorded at 96.2 points which was the lowest monthly reading for the index since April 2016. When the Consumer Sentiment Index sits below 100 points it means that consumers are more pessimistic than optimistic.  The Index […]

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20170615 Upcoming auctions

CoreLogic National Auction Preview, week ending 18 June 2017

Upcoming auctions This week, the number of auctions scheduled to take place across the combined capital cities is expected to rise, after last week saw a slowdown in activity due to the public holiday held in most states, including the two largest auction markets. There are 2,247 properties scheduled to go to auction this week, […]

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chart 4

Downturn refresher: what happens when prices start falling?

When we think about the housing market we tend to focus on when values rise but in the recent past values have fallen in each capital city; this week we look at the magnitude and duration of these falls in the past. Throughout the past 20 years it has been much more common for combined […]

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20170612 Sydney

Preliminary auction clearance rate holds above 70 per cent on lowest volumes since Easter

The number of auctions held this week saw a significant decrease, with 1,265 properties taken to market across the combined capital cities, down from 2,578 over the week prior. The decrease in auction activity this week is attributable to the Queen’s Birthday public holiday this Monday, which has affected activity across most states, including Australia’s […]

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Investor demand and refinancing by owner occupiers continues to stall in April 2017

The latest housing data from the Australian Bureau of Statistics (ABS) shows that while lending to owner occupiers is fairly flat, demand from the investor segment has continued to stall.  When you dig deeper, the data shows that owner occupier demand is growing for new lending as refinancing stalls. The April 2017 housing finance data […]

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20170608 Sub-region

CoreLogic National Auction Preview, week ending 11 June 2017

Upcoming auctions With next Monday a public holiday across most states including New South Wales and Victoria, auction activity is much more subdued this week, with 1,132 auctions currently being tracked by CoreLogic, slightly higher than this time last year when 1,100 auctions were held. Although Melbourne is usually the busiest auction market, this week […]

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It looks as if sea change and tree change is gathering pace

The latest internal migration data shows that an increasing number of inter-state and intra-state population movements are to either sea change/tree change regions or the outskirts of the capital cities.  Each year the Australian Bureau of Statistics (ABS) publishes data on internal migration across the regions of Australia. Internal migration data counts the number of […]

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20170605- Sydney

Preliminary clearance rate holds above 70% as the number of auctions held slips lower

The first week of winter saw auction volumes fall, with 2,545 homes taken to auction, compared to 2,885 the previous week. The preliminary clearance rate across the combined capital cities was higher (73.9 per cent) compared with last week’s finalised result, which was the third lowest clearance rate so far this year (71.3 per cent). […]

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