Brisbane’s property market has set a new performance benchmark for the largest and fastest decline on record, barely seven months after values hit their peak. Following a pandemic population surge and increase in values of more than 43%, Greater Brisbane home values hit a record high on 19 June 2022, soon after the Reserve Bank of Australia (RBA) commenced its rate-tightening cycle. However, CoreLogic’s Daily … Continue reading Brisbane sets new record, but price fall barely dents pandemic gains

Australia’s auction market is expected to start with a whimper rather than a bang when it returns in full next week, despite a slight seasonal uptick in clearance rates and volumes in the final months of 2022. CoreLogic’s Quarterly Auction Market Review shows 25,637 properties went under the hammer across the combined capitals with a clearance rate of 57.8% in the December quarter. It was a marginal … Continue reading Weaker real estate auction market likely to continue in 2023

CoreLogic is expecting to see fewer auctions as we approach the festive season. With 2,373 homes currently scheduled for auction across the combined capital cities this week, auction activity is down -12.7% from last week (2,717), and -50.4% lower than the same week last year (4,783). Brisbane, Perth and Tasmania are set to see an increase in the volume of auctions over the week, while … Continue reading CoreLogic: Auction volumes fall as festive season nears

There are 2,719 homes currently scheduled for auction across the combined capital cities this week, rising for the fifth consecutive week and marking the busiest auction week since late-May (3,226). While auction volumes are up 7.2% week-on-week (2,537), the same week last year saw a record-breaking 4,981 homes taken to auction across the combined capital cities – the busiest auction week since CoreLogic records commenced in … Continue reading Busiest auction week since late May + Aussie’s ‘Your Next Mortgage Move’ – Rate rise sticker shock revealed

After hosting 1,917 auctions the week prior, capital city auction activity rose by almost 13% this week, with 2,159 homes auctioned across the combined capitals. The rise in auction numbers was accompanied by a -3.6 percentage point decline in the preliminary clearance rate, with 60.1% of the 1,709 results collected so far returning a successful result. Last week’s preliminary clearance rate of 63.7% (revised to … Continue reading Melbourne’s preliminary clearance rate holds above 60% for the 16th consecutive week

After hovering around 1,900 over the past two weeks, scheduled capital city auction numbers are up 19.1% this week. With 2,283 homes scheduled for auction, the combined capitals are set for the busiest auction week since late June, when 2,364 capital city homes were auctioned. Last week saw 1,917 homes auctioned across the capitals, while this time last year, when selling conditions were much stronger, … Continue reading CoreLogic: Combined capitals set for the busiest auction week since late June