By Caitlin Fono, Research Analyst, CoreLogic Australia The auction market ended the spring selling season with a whimper as the preliminary combined capitals clearance rate fell to 63.4%, on par with the first week of November as the lowest early clearance rate of the year so far. The soft result occurred against a sizeable number of auctions. 2,680 capital city homes went under the hammer … Continue reading Spring selling season comes to an end

By Caitlin Fono, Research Analyst, CoreLogic Australia There are currently 2,758 capital city homes scheduled for auction this week, up from 2,640 last week and 2,963 this time last year.  Melbourne is set to host 1,222 auctions this week, after 1,161 homes were taken to auction last week. Over the same week last year, 1,375 auctions were held across the city. Sydney is expecting to see an … Continue reading Increase in auction activity week-on-week across combined capitals

Australia’s regional housing markets are once again outperforming their capital city counterparts, with Queensland and Western Australia leading the way in value growth, rents and rental yields. The latest CoreLogic Regional Market Update found dwelling values in regional areas rose 1.1% over the three months to October, exceeding the 0.8% growth recorded in capital cities. While the pace of growth has slowed since earlier in the year, Queensland … Continue reading Mining regions up, coastal markets down as Queensland and WA serve up regional property winners

By Caitlin Fono, Research Analyst, CoreLogic Australia The preliminary auction clearance rate came in at 65.3% last week, up slightly from the week prior (64.1% which revised down to 57.3% on final figures) but below the spring season average to-date of 66.7% and the eleventh week in a row where the early success rate has been below the 70% mark. 2,577 auctions were held last week, down … Continue reading Preliminary clearance rate holds below 70% for 11th consecutive week

By Caitlin Fono, Research Analyst, CoreLogic Australia There are currently 2,625 capital city homes scheduled for auction this week, down from 2,898 last week and 2,949 this time last year.  Melbourne is set to host 1,122 auctions this week, down from 1,340 last week. Over the same week last year, 1,309 auctions were held across the city. Like Melbourne, Sydney is expecting fewer auctions this week, with 1,027 … Continue reading Auction activity down week-on-week across combined capitals

By Caitlin Fono, Research Analyst, CoreLogic Australia There were 2,882 homes taken to auction across the combined capitals last week, the third busiest auction week of the year-to-date behind the week before Easter (3,519) and the week ending 27th October (3,135). The combined capitals preliminary clearance rate slipped a little, coming in at 64.1% compared to 65.8% the week prior (revised down to 58.4% on final … Continue reading Just shy of 2,900 auctions held across the combined capital cities

By Caitlin Fono, Research Analyst, CoreLogic Australia There are currently 2,968 capital city homes scheduled for auction this week, compared to 2,848 last week and 2,990 this time last year. Melbourne is set to host 1,330 auctions this week, in line with last week (1,330). This time last year, 1,410 auctions were held across the city. There are 1,186 auctions scheduled in Sydney this week, up from 1,062 … Continue reading Just under 3,000 homes set for auction across the combined capitals

By Caitlin Fono, Research Analyst, CoreLogic Australia There were 2,820 auctions held last week, the second-highest volume through the spring season to date and the fifth-highest volume of auctions through 2024 so far. The preliminary auction clearance rate came in at 65.8% across the combined capitals, 2.4 percentage points higher than the previous week but below the average through spring to date (67.1%). Melbourne hosted the most … Continue reading Second highest volume of auctions through spring season to date

Commentary by Tim Lawless, Research Director at CoreLogic Asia Pacific There weren’t many punters betting on a rate cut on Melbourne Cup Day, with financial markets allocating only a 5% chance the RBA would reduce the cash rate by twenty-five basis points. It was only a few months ago when some forecasters were still expecting a November cut, but the data simply hasn’t been compelling … Continue reading The last leg of the race: data trending in the right direction, but not enough for a rate cut just yet