By Eliza Owen, Head of Research Australia at CoreLogic The week ending 10th of May delivered a final auction clearance rate of 59.9%. This has jumped from a clearance rate of 47.5% in the previous week and a recent low of just 30.2% only four weeks ago. It is the highest clearance rate result since the week ending March 15, before the strictest social distancing … Continue reading The auction clearance rate jumped with the return of on site auctions but does this mean a recovery has started?
The latest CoreLogic residential construction costs report (CHIP March quarter) out today confirmed costs associated with housing construction continued to rise over the first quarter of 2020 https://www.corelogic.com.au/reports/cordell-building-indices-chip-report The National CHIP Index rose by 1.0% over the three months to March 2020, and 3.6% year on year. Over the previous quarter, growth in the CHIP index was slightly lower at 0.9%. Meanwhile, the most recent figures … Continue reading Q1 2020 Cordell Housing Index Price (CHIP) Report