By Caitlin Fono, Research Analyst, CoreLogic Australia The combined capitals preliminary auction clearance rate continued its gradual fade, coming in at 69.1% last week, down from 69.6% the week prior (finalised at 62.3%) and 3.0 percentage points below the recent high of 72.1% recorded in the last week of February. From a volume perspective, the number of auctions held bounced back to 2,550 last week, following a … Continue reading Preliminary clearance rate of 69.1% recorded across combined capitals

By Caitlin Fono, Research Analyst, CoreLogic Australia There are currently 2,343 capital city homes scheduled for auction this week, up 49.0% on last week when 1,572 auctions were held, but -17.3% lower than the same week last year (2,834). In Melbourne, 984 homes are currently scheduled for auction this week, double the volume seen last week (486) when auction numbers dropped due to the Labour Day … Continue reading Melbourne auction activity set to double week-on-week, but final clearance rate eases across the city

By Caitlin Fono, Research Analyst, CoreLogic Australia The preliminary auction rate continued to fall last week, reducing to 69.6% across the combined capitals and marking the second week running where the preliminary clearance rate has come in below the 70% mark. The lower early clearance rate came alongside a reduction in volume, with 1,629 auctions held, down from 2,749 the week prior. The lower volume … Continue reading Preliminary clearance rate continues to fall

By Caitlin Fono, Research Analyst, CoreLogic Australia The volume of auctions held last week was the highest so far this year, with 2,773 homes going under the hammer, slightly higher than the previous week (2,751) and 4.1% above levels over the same week last year. The preliminary clearance rate nudged lower last week, coming in at 69.9% across the combined capitals, after holding above 70% … Continue reading Slight dip in preliminary clearance rate across combined capitals

By Caitlin Fono, Research Analyst, CoreLogic Australia There are currently 2,574 capital city homes scheduled for auction this week, down -6.4% on last week when 2,751 auctions were held, and -3.4% lower than this time last year (2,665). In Melbourne, 1,144 homes are currently scheduled for auction this week, down -20.4% on last week when 1,437 auctions were held, and -15.4% lower than the same … Continue reading Fewer homes set for auction across the combined capitals this week

By Caitlin Fono, Research Analyst, CoreLogic Australia There were 2,820 homes taken to auction across the combined capitals last week, the highest weekly volume of auctions held since the week ending December 1st last year.  Alongside the lift in auction volume, the trend in clearance rates has also continued to rise, with the preliminary success rate coming in at 72.1% last week, up from 71.2% … Continue reading Combined capital city preliminary clearance rate holds above 70%

By Caitlin Fono, Research Analyst, CoreLogic Australia There are currently 1,802 capital city homes scheduled for auction this week, up 7.9% on last week when 1,670 auctions were held, but -13.8% lower than this time last year (2,091). Just under 800 auctions are currently scheduled across Sydney (796), up 28.2% on last week when 621 homes were taken to auction, and 15.2% higher than one year ago … Continue reading Just over 1,800 homes set for auction across combined capitals

Regional property values continue to outpace their capital city counterparts, demonstrating “remarkable resilience” in a challenging market, according to CoreLogic’s Housing Chart Pack for February. The latest data shows capital city values have dipped into negative territory, down -0.7%, compared to the 1.0% growth seen in the regions over the rolling quarter. Drilling down further, almost three-quarters of regional suburbs analysed (72.6%) saw an increase in dwelling … Continue reading Regional property values demonstrate “remarkable resilience”