Regional property values continue to outpace their capital city counterparts, demonstrating “remarkable resilience” in a challenging market, according to CoreLogic’s Housing Chart Pack for February. The latest data shows capital city values have dipped into negative territory, down -0.7%, compared to the 1.0% growth seen in the regions over the rolling quarter. Drilling down further, almost three-quarters of regional suburbs analysed (72.6%) saw an increase in dwelling … Continue reading Regional property values demonstrate “remarkable resilience”

By Caitlin Fono, Research Analyst, CoreLogic Australia The number of homes going under the hammer is continuing to ramp up, with 1,712 auctions held across the combined capitals last week.  This is a solid rise from the previous week, when 1,390 homes were auctioned, and above levels a year ago when 1,642 properties were taken to market by auction. We expect the volume of auctions will … Continue reading Auction volumes continue to ramp up

By Eliza Owen, Head of Research at CoreLogic Australia In today’s Pulse, Head of Research Eliza Owen explores the areas best placed to benefit from expected rate cuts. Lower interest rates are set to boost the housing market in 2025.  Lower rates mean buyers can borrow more, spend more, and ultimately make housing a more attractive investment. In the current economic climate, these rate cuts … Continue reading Which housing markets could get the biggest boost from rate cuts?

By Caitlin Fono, Research Analyst, CoreLogic Australia Auction activity is expected to increase around 13% week-on-week across the combined capitals with 1,571 homes currently scheduled for auction, up from 1,390 last week. Over the same week last year, 1,642 capital city homes were taken to auction. There are currently 633 auctions scheduled in Sydney this week, up 39.7% on last week (453). This time last year, 647 … Continue reading Combined capital city auction numbers expected to rise 13% week-on-week

By Caitlin Fono, Research Analyst, CoreLogic Australia Auction markets are continuing to move out of the festive period slowdown, with 1,399 homes taken to market by auction last week, up from 429 the week prior, but down by 313 auctions relative to the same week last year when 1,712 homes went under the hammer. The preliminary capital city clearance rate came in at 65.0%, which … Continue reading Auction markets move out of the festive period slowdown

National dwelling values were steady in January (-0.03%) with the headline result weighed down by the capital cities, where values fell 0.2%.  Dwelling values across the combined regional areas of Australia rose a further 0.4% in January, reaching new record highs.  Three of the eight capitals recorded a decline in home values in January, with Melbourne recording the sharpest decline (-0.6%), followed by the ACT (-0.5%) … Continue reading National home values hold steady as regional Australia pushes to new record highs