Regional towns and diverse housing types must be part of Australia’s affordable housing solution, award-winning urban planners say. It follows the NSW Government’s announcement that more housing density will come to Sydney’s transit areas to deliver much-needed entry-level mid-rise dwellings1 – particularly as the city recently climbed to a new median house price peak of $1.6 million2.   Sam George is Principal and urban planner at Hatch – a global multidisciplinary leader in planning, urban design, engineering, … Continue reading Urban planners advocate for more regional centres and housing diversity

Commentary by Tim Lawless, Research Director at CoreLogic Asia Pacific The easing in the trimmed mean rate of inflation, soft economic growth and a gradual loosening in labour markets has been enough to stave off another rate hike, with the RBA’s board deciding to keep the cash rate steady at 4.35%, where it has held since November last year.  With the quarterly rate of core … Continue reading RBA hold decision unlikely to boost housing demand

By Eliza Owen, Head of Research, CoreLogic Australia Tenancy reform is making headlines this week after the NSW government announced a ban on ‘no grounds’ evictions. One fear associated with tipping these reforms is that landlords could exit the market, and new investors may be dissuaded from purchasing property, thus reducing rental supply and pushing up rents. But does tenancy reform actually deter investor activity? Dynamics … Continue reading Does tenancy reform ‘spook’ investors?

By Caitlin Fono, Research Analyst, CoreLogic Australia There are 1,508 capital city homes currently scheduled for auction this week, down -15.1% from last week (1,776) and just -2.0% lower than this time last year (1,539). Melbourne is set to see 622 homes taken to auction this week, down -7.0% from last week (669) and -4.3% lower than this time last year (650). There are 573 auctions … Continue reading Just over 1,500 capital city homes set for auction

By Caitlin Fono, Research Analyst, CoreLogic Australia The preliminary auction clearance rate stepped higher last week, rising to 74.7%, the highest early result since the first week of April (75.9%). Both of the major auction markets recorded a rise in the preliminary clearance rate.  In Sydney, 76.7% of auctions have returned a successful result so far, up 4.7 percentage points from the prior week and the … Continue reading Improvement in preliminary clearance rate over first week of July

By Caitlin Fono, Research Analyst, CoreLogic Australia There are 1,790 capital city homes currently scheduled for auction this week, down -11.8% from last week when 2,030 auctions were held. Over the same week last year, 1,428 homes were taken to auction across the combined capitals. This is just the second time since the beginning of May that auction activity has fallen below 2,000. Melbourne is set to … Continue reading Combined capital city auction activity slips below 2,000

By Caitlin Fono, Research Analyst, CoreLogic Australia Both the volume of auctions and preliminary clearance rates fell in the last week of the financial year, with the number of auctions held recorded at 2,001, down from 2,150 the week prior but 458 auctions more than at the same time last year (1,543).  The lower auction count was accompanied by a 2.4 percentage point drop in the … Continue reading Winter slowdown underway as auction volumes fall across combined capitals

By Caitlin Fono, Research Analyst, CoreLogic Australia There are 2,073 capital city homes currently scheduled for auction this week, down -3.6% from last week when 2,150 auctions were held. While down week-on-week, the number of auctions set to take place this week is significantly higher than the same week last year (1,543). Melbourne is set to see 881 homes taken to auction this week, down -9.6% … Continue reading Just under 2,100 homes set for auction across the combined capitals

Australian property resales reached their highest rate of profitability since July 2010 in the first quarter of the year thanks to consistently rising home values outweighing economic challenges and persistently high mortgage rates. CoreLogic’s Q1 2024 Pain & Gain report analysed approximately 85,000 resales over the period, revealing 94.3% of transactions recorded a nominal gain. CoreLogic’s Head of Research Eliza Owen said the number of transactions increased 8.5% … Continue reading Profitability reigns as property gains hit 14-year high

By Caitlin Fono, Research Analyst, CoreLogic Australia There were 2,074 capital city homes taken to auction last week, compared to 2,276 over the previous week and 1,791 this time last year. The preliminary clearance rate came in at 72.4%, just 50 basis points lower than the previous week’s preliminary clearance rate (72.9%, revised down to 65.5% once finalised). There were 829 auctions held in Sydney returning a preliminary clearance … Continue reading Preliminary auction clearance rate of 72.4% across combined capitals