Property Weekly Pulse with Rasti:Week Ending 19 Apr ’24 Welcome to our latest update on the Australian property market, where we delve into the emerging trends shaping real estate in 2024. This year, we’re seeing a dynamic shift as Millennials and Gen X increasingly dominate property investments, regional markets surge ahead, and the rental landscape experiences significant price adjustments. Join us as we explore these … Continue reading The New Age of Property Investment in Australia: A 2024 Perspective

Australia’s housing market has become harder for first-home buyers to access over time. The past two decades saw an increase of around 150% in the CoreLogic Home Value Index nationally, compared with an 82% rise in the ABS Wage Price Index. As a result, the wealth of property owners looking to buy their next home is likely to have increased faster than a prospective first buyer can … Continue reading Changing the perspective on first home buyers’ numbers

By Caitlin Fono, Research Analyst, CoreLogic Australia There were 1,952 auctions held last week, roughly on par with the week prior (1,985), but returning a lower preliminary clearance rate of 72.7% (75.9% the previous week revising down to 67.0% once finalised). The volume of auctions held is well down from the pre-Easter period, when the weekly volumes peaked at 3,519, but well above a year … Continue reading Preliminary clearance rate slips across similar auction volumes week-on-week

Property Weekly Pulse with Rasti:Week Ending 12 Apr ’24 As the Australian property market continues to evolve, navigating its complexities has become more critical than ever. With the week ending 12 April ’24 bringing fresh insights, it’s crucial to stay informed about where the market stands today. In this comprehensive overview, we delve into the regions ripe for investment, the readiness of buyers to jump … Continue reading Exploring Australia’s Property Market: Investment Opportunities and MarketReadiness in 2024

By Caitlin Fono, Research Analyst, CoreLogic Australia There are 1,980 capital city homes currently scheduled for auction, similar to last week (1,985) although up from this time last year when 1,708 auctions were held. In Sydney, 854 homes are scheduled to go under the hammer, just 5 more than last week when 849 auctions were held across the city. Over the same week last year, 678 … Continue reading Auction volumes hold steady week-on-week across the combined capitals

This month in CoreLogic’s Housing Chart Pack, we take a deeper dive into SA3-level performance over the past year, comparing annual % growth to annual $ growth. CoreLogic Head of Research Eliza Owen said some of the best value markets have floated to the top of the league tables when it comes to percentage capital growth. “Armadale in the south east suburbs of Perth has a … Continue reading Sydney, Brisbane, and Adelaide markets top chart for highest annual dollar value growth

By Caitlin Fono, Research Analyst, CoreLogic Australia The preliminary combined capital clearance rate recorded a solid bounce last week, rising to 75.9% from 71.1% the previous week (revised down to 64.8% once finalised which was the lowest auction clearance rate so far this year excluding the volatility from early-to-mid January). Last week’s preliminary clearance rate was the highest since the week ending February 11th earlier … Continue reading Solid bounce back in preliminary clearance rate to 75.9%

By Caitlin Fono, Research Analyst, CoreLogic Australia There are 2,057 capital city homes currently scheduled for auction this week, up from 901 last week (Easter) and 652 this time last year (also Easter). Sydney is set to be the busiest auction market this week with 942 homes scheduled for auction, up from 414 last week and 371 this time last year. The lower volumes both last … Continue reading Auction activity set to rebound after the Easter long weekend

Property Weekly Pulse with Rasti:Week Ending 05 Apr ’24 In a landscape as vibrant and ever-changing as the Australian property market, keeping pace with the latest trends and shifts is essential for anyone looking to make their mark. This week, we’re bringing you the freshest insights straight from the heart of the market, covering everything from the suburbs catching buyers’ eyes to the latest in property … Continue reading Exploring Australia’s Property Market: What’s Hot, What’s Not, and Future Predictions

By Caitlin Fono, Research Analyst, CoreLogic Australia It was a busy Easter for auctions this year, with 895 homes going under the hammer, only slightly down from the record high 926 auctions held over the week of Easter 2022, which was only a few weeks out from the commencement of the rate hiking cycle. The week of Easter last year saw a much lower 652 … Continue reading Preliminary clearance rate holds above 70% over Easter