Sydney home values are down -10.1%, equivalent to approximately $116,500, since the city hit its peak value in February 2022, CoreLogic’s daily home value index shows. The double-digit decline follows six successive cash rate hikes and record-low affordability after a surge of 27.9% or roughly $252,900 in the city’s dwelling values from the COVID-trough to peak. CoreLogic Research Director Tim Lawless said it was unsurprising Sydney was leading … Continue reading CoreLogic | Double-digit fall in Sydney housing values since February peak

After being impacted by multiple public holidays over the past few weeks, auction activity was on the rise this week across the combined capitals. 1,799 capital city homes went under the hammer this week, up 11.2% from the 1,618 auctions held last week, and 36.7% above the 1,316 homes auctioned the week prior. With 1,441 results collected so far, the combined capitals preliminary clearance rate … Continue reading Corelogic: Combined capitals records the highest preliminary clearance rate since late May

CoreLogic reported a further fall in housing values through the first month of spring, with the national Home Value Index (HVI) recording a -1.4% decline in September.  Although values continue to trend lower, the rate of decline eased from a -1.6% fall in August. The loss of momentum in the pace of value decline was evident across most of the capital cities and broad rest-of-state … Continue reading CoreLogic: Rate of decline in housing values eases in September

Australian vendors seeking to profit from the resale of their property have seen the peak of the market come and go in the June quarter, as data shows the number of loss-making transactions are on the rise. CoreLogic’s latest Pain & Gain Report, which analysed approximately 102,000 property resales that occurred in the June 2022 quarter, showed Australia’s profit-making sales plateaued at 93.8% when compared to … Continue reading Peak profit-making period has passed for Australia’s housing market