CoreLogic’s national Home Value Index (HVI) rose 8.1% in 2023, a significant turnaround from the -4.9% drop seen in 2022, but well below the 24.5% surge recorded in 2021.  December’s 0.4% increase saw 2023 finish with a relatively soft monthly rise in home values. “This was the smallest gain in our national monthly HVI since values started rising in February,” said Tim Lawless, CoreLogic’s research … Continue reading Australian home values surge 8.1% in 2023

Property Weekly Pulse with Rasti:Week Ending 22nd Dec ’23 Hello, property enthusiasts!In our final weekly update of 2023, we’re spotlighting the stars of the Australian property market! From Western Australia’s dominance to the resilience of nationwide markets, join us as we explore the top-performing suburbs, discuss the challenges and opportunities within the construction sector, and offer insights to help you plan for a prosperous 2024. … Continue reading Western Australia’s Remarkable Surge in 2023

Profitability from resales continued to rise amid a national recovery in home values, however, short-term loss-making resales also increased, CoreLogic’s Pain & Gain report for the September quarter shows. Approximately 86,000 resales were observed by CoreLogic through Q3 2023, with 93.5% recording a nominal gain, and a median gross profit of $298,000. This was up from Q2’s revised 92.9% of profitable sales at a median gross gain … Continue reading Short term loss-making resales continue to rise

By Kaytlin Ezzy, Economist, CoreLogic Australia The last week of the spring/early summer auction season saw capital city auction numbers fall -4.1%, with 2,918 homes auctioned across the combined capitals. Although down from the 3,042 auctions held the week prior, last week’s auction numbers were still relatively high, with 25.8% more auctions than this time last year (2,320) — a clear demonstration that vendors have been much more … Continue reading Auction activity falls -4.1% in the final auction week of the year

Property Weekly Pulse with Rasti:Week Ending 15th Dec ’23 Hey there, property enthusiasts! Rasti Vaibhav here with your quick-hit update on the Australian property market as of mid-December 2023. We’re seeing some fascinating shifts, from surprising leaps in home lending to potential booms in property prices. This roundup isn’t just numbers – it’s about what these changes mean for you, whether you’re investing, buying your … Continue reading 2024 Key Trends and Future Predictions

By Kaytlin Ezzy, Economist, CoreLogic Australia With 3,110 auctions held, last week was the combined capital’s second busiest week of the year. The major auction markets drove the higher volumes, with Sydney and Melbourne both recording their second busiest weeks of the year. Auction numbers were up 5.0% from the week prior (2,963) and were 14.5% higher than this time last year when 2,717 capital city … Continue reading Preliminary clearance rates slip amid combined capital’s second busiest week of the year

By Kaytlin Ezzy, Economist, CoreLogic Australia Capital city auction activity is set to rise 7.5% this week, with 3,186 homes currently scheduled for auction. With each of the capital cities expecting a rise in auction numbers, this week is slated to be the combined capital’s second busiest of the year, behind only the week ending 29th October (3,381). This time last year, auction numbers were -14.7% … Continue reading Capitals Sydney and Adelaide prepare for busiest auction week of the year

Latest Australian Property Market Insights: Week Ending 8th Dec ’23 Property Weekly Pulse with Rasti: As we wrap up the week of 08 Dec ’23, I’m thrilled to bring you the latest pulse of the Australian property market. This update is packed with pivotal trends and data points, capturing the essence of our dynamic real estate landscape. Whether you’re a savvy investor or a curious first-time … Continue reading Australian Property Market 2023: Record Highs and Emerging Trends

By Kaytlin Ezzy, Economist, CoreLogic Australia The first week of summer saw strong auction activity across the capitals, with CoreLogic Australia tracking just shy of 3,000 (2,999) auctions last week. Up 1.7% from the week prior (2,949), last week was the second-busiest auction week of the year so far, behind the week ending 29th October, when a ‘Super Saturday’ event saw 3,381 homes auctioned. After recording … Continue reading Capital city auction numbers remain steady over the first week of summer

Latest Australian Property Market Insights: Week Ending 1st Dec ’23 G’day, property enthusiasts! This week, let’s unravel the latest twists and turns in the Aussie property market. We’ve got everything from apartment construction trends to the subtle shifts in buying vs renting. Sit back, as we decode the complexities of real estate, offering you the freshest insights from the week ending 01 December ’23. H2: Apartment … Continue reading Apartment Construction Slows Down – What’s Happening?