The Australian property market continues to demonstrate sustained resilience, with the rate of profit-making sales and number of transactions increasing in the December quarter. CoreLogic’s latest Pain & Gain report analysed approximately 90,000 resales in Q4 2023, revealing 94% of transactions recorded a nominal gain. The median gross profit also saw an uptick to $310,000, marking an increase across all three metrics compared to the previous quarter’s … Continue reading Sales and profits lift as Australian property market regains momentum

By Caitlin Fono, Research Analyst, CoreLogic Australia There were 3,356 capital city homes taken to auction last week, the second busiest auction week since the week prior to Easter 2022 (4,035), behind w/e 29th October 2023 (3,381). The preliminary clearance rate came in at 72.3%, -1.7 percentage points lower than the previous week’s preliminary clearance rate of 74.0% (revised down to 66.7% once finalised). Sydney saw a … Continue reading Preliminary clearance rate of 72.3% across the combined capital cities

The Real Estate Institute of Queensland (REIQ) is welcoming today’s announcement from the Attorney General that mandatory continuing professional development (CPD) will be imposed on real estate practitioners in Queensland. As the law currently stands, real estate practitioners are required to undertake initial educational training, however there are no ongoing educational and training requirements despite the increasingly complex legal and regulatory landscape they operate in. … Continue reading Mandatory CPD for real estate professionals is ‘momentous’ says REIQ

Property Weekly Pulse with Rasti:Week Ending 22 Mar ’24 Hello, market watchers! As we navigate the dynamic and ever-evolving Australian property landscape, staying informed about the latest market trends and data is essential. With the property market reaching unprecedented heights as of 22nd March ’24, we’re witnessing a pivotal moment in Australian real estate. This isn’t just about the numbers; it’s about understanding the impact … Continue reading Exploring the Surge: Unpacking Australia’s $10.4 Trillion Property Market

By Caitlin Fono, Research Analyst, CoreLogic Australia Ahead of next week’s Easter long weekend, we expect to see the largest volume of auctions held this week since the week before Easter 2022 when 4,035 homes were taken to auction. There are currently 3,470 homes scheduled for auction across the combined capital cities this week, up from 2,834 last week and 2,303 last year. Meanwhile, the … Continue reading Largest volume of auctions held since the week prior to Easter 2022

Property Weekly Pulse with Rasti:Week Ending 15 Mar ’24 G’day, mates! Rasti Vaibhav here, your trusted guide through the twists and turns of the Aussie property market. As we close the books on another week, ending 15th March 2024, it’s clear the real estate landscape down under is as lively as a backyard cricket match at a family barbie. From the tight squeeze in the … Continue reading The Latest Scoop on Australia’s Property Market: Insights for March 2024

Buxton Real Estate Group, is proud to announce its expansion into the thriving Bendigo property market with the opening of its newest office, marking a significant milestone as the company continues to grow its presence across Victoria.  Led by a trio of seasoned directors, Matt Leonard, Peter Ladd, and Hugh Norris, BuxtonBendigo is poised to make waves in Bendigo’s dynamic real estate scene. With over … Continue reading Buxton Real Estate Expands Reach into Bendigo with Opening of 32nd Office

Property Weekly Pulse with Rasti:Week Ending 08 Mar ’24 Strap in, mates, as we embark on a journey through the dynamic shifts of the Aussie property market as of March ’24. With the landscape changing faster than a kangaroo on the hop, we’re here to break down the latest tax cuts, affordability insights, and burgeoning market trends that are reshaping the way we think about property … Continue reading The Future of Australian Real Estate: Navigating Through Tax Cuts and Market Trends

Property Weekly Pulse with Rasti:Week Ending 01 Mar ’24 Hello there! As we navigate through March 2024, the Australian property landscape is undergoing fascinating transformations. These shifts are not just altering the market’s structure but also influencing the decisions of homeowners and investors across the nation. From a notable divergence in the pricing of houses and units to a clarion call for enhanced construction incentives … Continue reading Unveiling the Dynamics of Australia’s Property Market in 2024

By Caitlin Fono, Research Analyst, CoreLogic Australia The strong run of auction results continued to play out last week with a preliminary capital city clearance rate of 73.5%, although the early success rate has shown a subtle fade over the past two weeks, down from 76.2% over the week ending February 11th. The relatively high clearance rates have occurred alongside a consistent rise in auction … Continue reading Combined capital city preliminary clearance rate of 73.5%