By Tim Lawless, Research Director, CoreLogic Asia Pacific Australia’s traditional peak property listing window is upon us. Every year during the first half of March – referred to as weeks nine to 11 on the calendar – there is a surge in listing activity. But not in 2023. Listings provide a useful real-time indicator of seller sentiment and general market confidence. However, this year sellers … Continue reading Seasonal new listings suffer as sellers hesitate

By Caitlin Fono, Research Analyst, CoreLogic Auction volumes across the combined capital cities increased 74.5% to 2,234 this week making it the second busiest auction week so far this year. The lower volumes last week (1,280) were largely due to public holiday long weekends in four of the eight states and territories. While auction volumes are up substantially from last week, they are 28.1% lower … Continue reading Preliminary capital city clearance rates slip following a further rise in interest rates

Commentary by CoreLogic Research Director Tim Lawless The momentum in Australia’s housing downturn has been easing since September 2022, with value falls virtually flat-lining in February. Sydney led the change as housing values recorded their first month-on-month rise (+0.1%) since January last year. This positive momentum has carried through the first half of March.  CoreLogic’s Daily Home Value Index (HVI) is up 0.3% across the … Continue reading Positive trend for housing values through first half of March but bottom of the cycle could still be ahead

Sustainable House Day, driven by Renew, is back for another year, with even more ways to explore some of Australia’s most inspiring homes, and learn from the people who designed them,  built them, and live in them.  Established in 2001, the Sustainable House Day program has been expanded this year into a month-long hybrid event, taking place online as well as in person around the … Continue reading Renew’s Sustainable House Day is back and bigger than ever

CoreLogic’s Home Value Index (HVI) recorded a sharp reduction in the rate of decline through February. The national index declined -0.14% over the month, the smallest monthly fall since May 2022 (-0.13%), when rate hikes commenced.  A 0.3% rise in Sydney dwelling values was the most significant driver of the national deceleration, however, the loss of downward momentum was broad-based. Darwin (-0.3%) was the only capital city … Continue reading CoreLogic Home Value Index shows value declines flatten as low advertised stock levels keep a floor under prices

By Caitlin Fono, Research Analyst, CoreLogic There were 2,393 homes taken to auction across the combined capital cities this week, up 29.6% from last week (1,846), however -29.3% lower than this time last year (3,386). Of the 1,929 results collected so far, 69.7% were successful. Last week’s preliminary clearance rate was 1.1 percentage points higher at 70.8%, revising down to 67.2% at final figures – … Continue reading The combined capital city preliminary clearance rate remains strong amid higher auction volumes

Sydney records the highest preliminary clearance rate in a year, with 78.0% of auctions reporting a successful result By Kaytlin Ezzy, Economist, CoreLogic Capital city auction activity continued to rise this week, with 1,825 homes auctioned across the combined capitals. While 23.1% higher than last week’s 1,482 auctions, there were still 1,000 fewer capital city homes taken to auction compared to this week last year … Continue reading CoreLogic | Sydney records highest preliminary clearance rate in a year at 78.0%

Australia’s COVID-induced whirlwind love affair with the country’s hottest regional cities has run its course with values declining sharply as vendor discounts climb and days on market blow out. CoreLogic’s Regional Market Update, which examines Australia’s 25 largest non-capital city regions, shows 13 areas recorded an increase in house values over the year to January 2023, down from 21 over the year to October 2022. The … Continue reading Charm fades for Australia’s high-end regional markets