CoreLogic’s Home Value Index (HVI) ended the year on a negative note, with values down -0.1% nationally over the month after peaking in October and holding flat in November.  The December decline in the national HVI was enough to drag the quarterly change into negative territory, also down -0.1%, to mark the end of what has been a surprisingly strong and resilient period of growth between … Continue reading National home values record first decline in almost two years

Australian home sellers continue to see rising rates of profitability and dollar value returns despite slowing market conditions, declining capital growth and lower clearance rates. CoreLogic’s latest Pain & Gain report (September Quarter 2024) analysed 95,000 resales over the period, showing the median nominal gain reached a series high of $295,000, since the series started in the mid-90s. The median loss from resale was steady on the … Continue reading Australians made a record $295,000 median profit when reselling their property

By Caitlin Fono, Research Analyst, CoreLogic Australia There were 2,264 capital city homes taken to auction last week, down from 2,617 over the previous week and 2,884 over the same week last year. The preliminary clearance rate came in at 64.6%, 2.2 percentage points higher than the previous week’s preliminary clearance rate (62.4%, revised down to 57.6% once finalised). Across Melbourne, 1,022 homes were taken … Continue reading Auction market winding down in the final weeks of December

By Caitlin Fono, Research Analyst, CoreLogic Australia There are currently 2,215 capital city homes scheduled for auction this week, down from 2,617 last week and 2,884 this time last year. We expect this will be the quietest auction week since early November when auction activity dropped to 1,972 in the lead up to the Melbourne Cup. Melbourne is set to host 1,003 auctions this week, after … Continue reading Auction market winding down ahead of the festive season

CoreLogic’s annual Best of the Best Report spotlights top performing suburbs and explores what 2025 might bring – The Australian housing market demonstrated surprising resilience throughout 2024, but slowed toward the end of the year. – The bottom quartile of national market values rose 10.3% in the past 12 months to November, far outperforming the middle of the market (up 7.2%) and the upper quartile … Continue reading 2024: A year of waning demand, rising supply and waiting for interest rates to fall

By Caitlin Fono, Research Analyst, CoreLogic Australia The preliminary combined capital auction clearance rate came in at 62.4% last week – down a full percentage point from the week prior and the lowest preliminary result so far this year.  The weak outcome for auction markets reflects weaker selling conditions as advertised stock levels rise without a commensurate lift in purchasing activity. The result came as … Continue reading Weaker selling conditions reflected in auction clearance rates

By Caitlin Fono, Research Analyst, CoreLogic Australia There are currently 2,492 capital city homes scheduled for auction this week, down from 2,881 last week and 3,042 this time last year.  Melbourne is set to host 1,088 auctions, after 1,390 homes were taken to auction last week. Over the same week last year, 1,415 auctions were held across the city. Sydney is expecting to see fewer auctions this … Continue reading Just under 2,500 capital city homes scheduled for auction