With vacancy rates at historic lows across Australia, the rental market has become fiercely competitive. Prospective tenants are often seen lining up around residential blocks, eager to secure a place to live. This scarcity of available rentals has shifted the focus for property investors from merely finding tenants to attracting and retaining the best ones. Amidst these challenges, recent developments in rental laws and ongoing … Continue reading Tenant retention strategies for property investors amid Australia’s tight rental market and law reforms

CoreLogic’s national Home Value Index (HVI) recorded a 0.3% rise in October, the 21st month of growth since the cycle commenced in February last year. The subtle positive movement was supported by the mid-sized capitals, led by Perth with a 1.4% rise over the month, offsetting declines in Darwin (-1.0%), Canberra (-0.3%), Melbourne (-0.2%) and Sydney (-0.1%), as well as regional Victoria (-0.2%). As the market … Continue reading Sydney home values slip in October as market cooldown continues

By Caitlin Fono, Research Analyst, CoreLogic Australia There are currently 2,081 capital city homes scheduled for auction this week as we gear up for the race that stops a nation. The previous week saw 3,135 auctions held across the combined capitals, while this time last year, 2,023 homes were taken to auction. Melbourne is set to host just 483 auctions this week as the city prepares … Continue reading Auction volumes drop in the lead up to the Melbourne Cup

By Caitlin Fono, Research Analyst, CoreLogic Australia 3,076 auctions were held across the capital cities of Australia last week, the highest volume this year since the week prior to Easter (3,519) and only the second time this year where the weekly number of auctions has been above the 3,000 mark. The preliminary auction clearance rate slipped a little relative to the week prior, coming in at 66.8%. This was … Continue reading More than 3,000 homes taken to auction across the combined capitals

By Caitlin Fono, Research Analyst, CoreLogic Australia There are 3,190 capital city homes scheduled for auction this week, compared to 2,541 last week and 3,381 one year ago. This marks the second busiest auction week of the year, behind the week leading up to Easter (3,519). Melbourne is set to host more than half of this week’s capital city auctions, with 1,635 homes going under the … Continue reading Auction volumes set to surge past 3,000 for the second time this year

By Caitlin Fono, Research Analyst, CoreLogic Australia The preliminary auction clearance rate edged higher last week, rising to 67.4% from 66.6% the week prior (revised lower to 60.8% on final numbers). The improvement was recorded across 2,510 auctions, a reduction from the 2,598 auctions held over the previous week. Over the same week last year, 2,463 auctions were held across the combined capitals. There were … Continue reading Preliminary clearance rate improves week-on-week

By Caitlin Fono, Research Analyst, CoreLogic Australia 2,525 auctions were held across the capital cities last week, the second-highest volume through the spring season so far (after the week ending September 22nd with 2,781 auctions), and the sixth-highest number of auctions held so far this year.  Numbers are set to rise further over the coming weeks, with CoreLogic currently tracking around 2,600 properties scheduled for auction this week … Continue reading Second busiest auction week of the spring selling season

Australia’s property market has reached a new milestone, with the total value of residential real estate climbing to $11 trillion for the first time, increasing by $900 billion over the past 12 months, according to CoreLogic’s October Monthly Housing Chart Pack. Despite this growth, national home values rose by just 1.0% in the September quarter, the softest quarterly rise since March 2023. The annual growth rate … Continue reading Australian property market reaches $11 trillion as national price growth slows

By Caitlin Fono, Research Analyst, CoreLogic Australia The combined capital auction clearance rate has continued to fade, falling to 63.9% based on preliminary numbers. This was the lowest preliminary clearance rate since the week ending December 18th 2022 at 55.8%. The result was down from 64.5% a week earlier (revised to 60.6% once finalised). There were 1,913 auctions held across the combined capitals last week, up from 1,836 over the … Continue reading Lowest preliminary clearance rate since December 2022

By Caitlin Fono, Research Analyst, CoreLogic Australia Auction volumes are set to remain relatively low again this week with the Labour Day long weekend in NSW, ACT and SA, and the King’s birthday long weekend in Qld. There are currently 2,007 capital city homes scheduled for auction, up 9.3% on last week when 1,836 homes were taken to auction. One year ago, 2,446 homes were … Continue reading Just over 2,000 capital city homes scheduled for auction