CoreLogic’s national Home Value Index (HVI) rose 0.6% in March, on par with February’s increase, taking the current upswing in housing values through its 14th straight month of growth. Since declining -7.5% between April 2022 and January 2023, the national HVI has increased 10.2%, or, in dollar terms, by approximately $71,832, rising to new record highs each month since November last year. Every capital city except Darwin … Continue reading CoreLogic Home Value Index rises 1.6% in March quarter, adding around $12k to dwelling values

By Caitlin Fono, Research Analyst, CoreLogic Australia Auction volumes are set to dip due to the Easter long weekend with 913 capital city homes currently scheduled to go under the hammer. We usually see some revision in auction volumes once numbers are finalised, meaning this week could potentially overtake Easter 2022 (926) as the busiest Easter on record. Current expected volumes are 40.0% higher than … Continue reading This week is shaping up to potentially be the busiest Easter for auctions on record

The Australian property market continues to demonstrate sustained resilience, with the rate of profit-making sales and number of transactions increasing in the December quarter. CoreLogic’s latest Pain & Gain report analysed approximately 90,000 resales in Q4 2023, revealing 94% of transactions recorded a nominal gain. The median gross profit also saw an uptick to $310,000, marking an increase across all three metrics compared to the previous quarter’s … Continue reading Sales and profits lift as Australian property market regains momentum

By Caitlin Fono, Research Analyst, CoreLogic Australia There were 3,356 capital city homes taken to auction last week, the second busiest auction week since the week prior to Easter 2022 (4,035), behind w/e 29th October 2023 (3,381). The preliminary clearance rate came in at 72.3%, -1.7 percentage points lower than the previous week’s preliminary clearance rate of 74.0% (revised down to 66.7% once finalised). Sydney saw a … Continue reading Preliminary clearance rate of 72.3% across the combined capital cities

The Real Estate Institute of Queensland (REIQ) is welcoming today’s announcement from the Attorney General that mandatory continuing professional development (CPD) will be imposed on real estate practitioners in Queensland. As the law currently stands, real estate practitioners are required to undertake initial educational training, however there are no ongoing educational and training requirements despite the increasingly complex legal and regulatory landscape they operate in. … Continue reading Mandatory CPD for real estate professionals is ‘momentous’ says REIQ

Property Weekly Pulse with Rasti:Week Ending 22 Mar ’24 Hello, market watchers! As we navigate the dynamic and ever-evolving Australian property landscape, staying informed about the latest market trends and data is essential. With the property market reaching unprecedented heights as of 22nd March ’24, we’re witnessing a pivotal moment in Australian real estate. This isn’t just about the numbers; it’s about understanding the impact … Continue reading Exploring the Surge: Unpacking Australia’s $10.4 Trillion Property Market

By Caitlin Fono, Research Analyst, CoreLogic Australia Ahead of next week’s Easter long weekend, we expect to see the largest volume of auctions held this week since the week before Easter 2022 when 4,035 homes were taken to auction. There are currently 3,470 homes scheduled for auction across the combined capital cities this week, up from 2,834 last week and 2,303 last year. Meanwhile, the … Continue reading Largest volume of auctions held since the week prior to Easter 2022

Property Weekly Pulse with Rasti:Week Ending 15 Mar ’24 G’day, mates! Rasti Vaibhav here, your trusted guide through the twists and turns of the Aussie property market. As we close the books on another week, ending 15th March 2024, it’s clear the real estate landscape down under is as lively as a backyard cricket match at a family barbie. From the tight squeeze in the … Continue reading The Latest Scoop on Australia’s Property Market: Insights for March 2024

Buxton Real Estate Group, is proud to announce its expansion into the thriving Bendigo property market with the opening of its newest office, marking a significant milestone as the company continues to grow its presence across Victoria.  Led by a trio of seasoned directors, Matt Leonard, Peter Ladd, and Hugh Norris, BuxtonBendigo is poised to make waves in Bendigo’s dynamic real estate scene. With over … Continue reading Buxton Real Estate Expands Reach into Bendigo with Opening of 32nd Office

Property Weekly Pulse with Rasti:Week Ending 08 Mar ’24 Strap in, mates, as we embark on a journey through the dynamic shifts of the Aussie property market as of March ’24. With the landscape changing faster than a kangaroo on the hop, we’re here to break down the latest tax cuts, affordability insights, and burgeoning market trends that are reshaping the way we think about property … Continue reading The Future of Australian Real Estate: Navigating Through Tax Cuts and Market Trends