By Caitlin Fono, Research Analyst, CoreLogic Australia There were 1,952 auctions held last week, roughly on par with the week prior (1,985), but returning a lower preliminary clearance rate of 72.7% (75.9% the previous week revising down to 67.0% once finalised). The volume of auctions held is well down from the pre-Easter period, when the weekly volumes peaked at 3,519, but well above a year … Continue reading Preliminary clearance rate slips across similar auction volumes week-on-week

Property Weekly Pulse with Rasti:Week Ending 12 Apr ’24 As the Australian property market continues to evolve, navigating its complexities has become more critical than ever. With the week ending 12 April ’24 bringing fresh insights, it’s crucial to stay informed about where the market stands today. In this comprehensive overview, we delve into the regions ripe for investment, the readiness of buyers to jump … Continue reading Exploring Australia’s Property Market: Investment Opportunities and MarketReadiness in 2024

By Caitlin Fono, Research Analyst, CoreLogic Australia There are 1,980 capital city homes currently scheduled for auction, similar to last week (1,985) although up from this time last year when 1,708 auctions were held. In Sydney, 854 homes are scheduled to go under the hammer, just 5 more than last week when 849 auctions were held across the city. Over the same week last year, 678 … Continue reading Auction volumes hold steady week-on-week across the combined capitals

This month in CoreLogic’s Housing Chart Pack, we take a deeper dive into SA3-level performance over the past year, comparing annual % growth to annual $ growth. CoreLogic Head of Research Eliza Owen said some of the best value markets have floated to the top of the league tables when it comes to percentage capital growth. “Armadale in the south east suburbs of Perth has a … Continue reading Sydney, Brisbane, and Adelaide markets top chart for highest annual dollar value growth

By Caitlin Fono, Research Analyst, CoreLogic Australia The preliminary combined capital clearance rate recorded a solid bounce last week, rising to 75.9% from 71.1% the previous week (revised down to 64.8% once finalised which was the lowest auction clearance rate so far this year excluding the volatility from early-to-mid January). Last week’s preliminary clearance rate was the highest since the week ending February 11th earlier … Continue reading Solid bounce back in preliminary clearance rate to 75.9%

By Caitlin Fono, Research Analyst, CoreLogic Australia There are 2,057 capital city homes currently scheduled for auction this week, up from 901 last week (Easter) and 652 this time last year (also Easter). Sydney is set to be the busiest auction market this week with 942 homes scheduled for auction, up from 414 last week and 371 this time last year. The lower volumes both last … Continue reading Auction activity set to rebound after the Easter long weekend

Property Weekly Pulse with Rasti:Week Ending 05 Apr ’24 In a landscape as vibrant and ever-changing as the Australian property market, keeping pace with the latest trends and shifts is essential for anyone looking to make their mark. This week, we’re bringing you the freshest insights straight from the heart of the market, covering everything from the suburbs catching buyers’ eyes to the latest in property … Continue reading Exploring Australia’s Property Market: What’s Hot, What’s Not, and Future Predictions

By Caitlin Fono, Research Analyst, CoreLogic Australia It was a busy Easter for auctions this year, with 895 homes going under the hammer, only slightly down from the record high 926 auctions held over the week of Easter 2022, which was only a few weeks out from the commencement of the rate hiking cycle. The week of Easter last year saw a much lower 652 … Continue reading Preliminary clearance rate holds above 70% over Easter

CoreLogic’s national Home Value Index (HVI) rose 0.6% in March, on par with February’s increase, taking the current upswing in housing values through its 14th straight month of growth. Since declining -7.5% between April 2022 and January 2023, the national HVI has increased 10.2%, or, in dollar terms, by approximately $71,832, rising to new record highs each month since November last year. Every capital city except Darwin … Continue reading CoreLogic Home Value Index rises 1.6% in March quarter, adding around $12k to dwelling values

By Caitlin Fono, Research Analyst, CoreLogic Australia Auction volumes are set to dip due to the Easter long weekend with 913 capital city homes currently scheduled to go under the hammer. We usually see some revision in auction volumes once numbers are finalised, meaning this week could potentially overtake Easter 2022 (926) as the busiest Easter on record. Current expected volumes are 40.0% higher than … Continue reading This week is shaping up to potentially be the busiest Easter for auctions on record