By Tim Lawless, Research Director, CoreLogic Australia Mortgage arrears have been rising from their COVID lows of just 1.0% in Q3 2022, reaching 1.6% in the March quarter of 2024.  Although this was the highest reading on mortgage arrears since Q1 2021, the portion of loans falling behind on their repayment schedules was slightly higher at the onset of COVID at 1.8%. The upwards trends in … Continue reading Mortgage arrears are rising from record lows, and likely to rise further

By Caitlin Fono, Research Analyst, CoreLogic Australia The number of homes going under the hammer rebounded last week following the previous week’s drop in auction volume due to the King’s Birthday long weekend in many states.  2,232 auctions were held, up from 1,317 the week prior and nearly 15% higher than at the same time last year. The preliminary combined capitals clearance rate also bounced higher … Continue reading Clearance rates are looking resilient, despite higher volumes

By Caitlin Fono, Research Analyst, CoreLogic Australia It was a quiet week for auctions – a factor of the Kings Birthday long weekend in most states. 1,281 auctions were held, down from 2,380 over the previous week and the lowest volume of auctions held in a week since Easter (901 auctions). The preliminary clearance rate fell to 67.3% across the combined capitals, the lowest early clearance rate … Continue reading Preliminary clearance rate falls to 67.3% across the combined capitals

By Caitlin Fono, Research Analyst, CoreLogic Australia There are 1,327 capital city homes currently scheduled for auction this week, down -44.2% from last week when 2,380 auctions were held. The lower volumes are attributed to the King’s Birthday long weekend in six of the eight states and territories. This time last year, 1,033 auctions were held across the combined capital cities. Auction volumes across Melbourne are expected … Continue reading King’s Birthday long weekend sees auction activity plummet

By Caitlin Fono, Research Analyst, CoreLogic Australia The preliminary clearance rate nudged 10 basis points lower last week, to 71.4% (71.5% the previous week which revised down to 63.6% once finalised, the lowest final clearance rate so far in 2024). The volume of auctions has been trending higher, rising to an 11-week high, with 2,319 homes taken under the hammer, the highest number of auctions … Continue reading Just over 2,300 homes taken to auction across the combined capitals

By Caitlin Fono, Research Analyst, CoreLogic Australia There are 2,395 capital city homes currently scheduled for auction this week, up 5.8% from last week when 2,264 auctions were held and 32.0% higher than this time last year (1,815). Auction volumes across Melbourne are expected to hold above 1,000 for the fifth consecutive week, with 1,094 homes up for auction. This week’s expected volumes are just 0.6% higher than … Continue reading Just shy of 2,400 capital city homes up for auction this week

Realty Media Group (RMG) Founder, Troy Rushton announced that his Proptech business has expanded its offering to listing and buyer agents, with the acquisition of market leading negotiation business, Only Source Property (OSP). OSP co-founders Josh Deckart and Tom Pettifer, have pioneered a service that supports Buyers Agents to source, research, negotiate and purchase suitable properties for their clients. “We are delighted to join RMG, … Continue reading RMG acquires market leading property negotiation business OSP

By Caitlin Fono, Research Analyst, CoreLogic Australia There are 2,246 capital city homes currently scheduled for auction this week, up 4.7% from last week when 2,146 auctions were held and 19.0% higher than this time last year (1,887). Melbourne is set to see auction volumes hold above 1,000 for the fourth consecutive week, with 1,050 homes up for auction. This week’s expected volumes are 4.1% higher than … Continue reading Combined capital city auction volumes up 4.7% week-on-week

By Caitlin Fono, Research Analyst, CoreLogic Australia The preliminary auction clearance rate continued to fade last week, reducing to 71.1% across the combined capitals. The result was 1.5 percentage points lower than the previous week’s result (72.6% which revised down to 65.1% on final numbers) and equal with the Easter long weekend to be the lowest preliminary clearance rate so far this year. The softer result … Continue reading Preliminary auction clearance rate continues to fade

By Caitlin Fono, Research Analyst, CoreLogic Australia There are 2,151 capital city homes currently scheduled for auction this week, down -3.8% from last week when 2,237 auctions were held, although 12.0% higher than this time last year (1,921). Melbourne is set to see auction volumes drop -11.3% this week with 979 auctions currently scheduled, down from 1,104 last week. This week’s expected volumes are 14.2% higher than … Continue reading Auction volumes down slightly across the combined capitals