By Caitlin Fono, Research Analyst, CoreLogic Australia The number of homes going under the hammer is continuing to ramp up, with 1,712 auctions held across the combined capitals last week.  This is a solid rise from the previous week, when 1,390 homes were auctioned, and above levels a year ago when 1,642 properties were taken to market by auction. We expect the volume of auctions will … Continue reading Auction volumes continue to ramp up

By Eliza Owen, Head of Research at CoreLogic Australia In today’s Pulse, Head of Research Eliza Owen explores the areas best placed to benefit from expected rate cuts. Lower interest rates are set to boost the housing market in 2025.  Lower rates mean buyers can borrow more, spend more, and ultimately make housing a more attractive investment. In the current economic climate, these rate cuts … Continue reading Which housing markets could get the biggest boost from rate cuts?

By Caitlin Fono, Research Analyst, CoreLogic Australia Auction activity is expected to increase around 13% week-on-week across the combined capitals with 1,571 homes currently scheduled for auction, up from 1,390 last week. Over the same week last year, 1,642 capital city homes were taken to auction. There are currently 633 auctions scheduled in Sydney this week, up 39.7% on last week (453). This time last year, 647 … Continue reading Combined capital city auction numbers expected to rise 13% week-on-week

By Caitlin Fono, Research Analyst, CoreLogic Australia Auction markets are continuing to move out of the festive period slowdown, with 1,399 homes taken to market by auction last week, up from 429 the week prior, but down by 313 auctions relative to the same week last year when 1,712 homes went under the hammer. The preliminary capital city clearance rate came in at 65.0%, which … Continue reading Auction markets move out of the festive period slowdown

National dwelling values were steady in January (-0.03%) with the headline result weighed down by the capital cities, where values fell 0.2%.  Dwelling values across the combined regional areas of Australia rose a further 0.4% in January, reaching new record highs.  Three of the eight capitals recorded a decline in home values in January, with Melbourne recording the sharpest decline (-0.6%), followed by the ACT (-0.5%) … Continue reading National home values hold steady as regional Australia pushes to new record highs

By Caitlin Fono, Research Analyst, CoreLogic Australia Auction activity is slowly picking up, with 440 capital city homes taken to auction last week, up from 262 over the previous week. One year ago, 476 homes were taken to auction. 253 results have been collected so far, returning a preliminary clearance rate of 64.5%.  Melbourne was the busiest auction market with 229 homes taken to auction, up from 132 … Continue reading Capital city auction volumes on the rise

Residential construction costs grew 3.4% over the 12 months to December 2024, the largest annual increase in construction costs since the year to September 2023 (4.0%), according to CoreLogic’s latest Cordell Construction Cost Index (CCCI).  After the quarterly change in construction costs eased to below 1.0% in 2023 and the first half of 2024, the quarterly pace of growth rose to be in line with the … Continue reading Annual change in construction costs picks up pace

By Kayltin Ezzy, Economist, CoreLogic Australia National rent values rose 0.4% in the December quarter, the smallest Q4 change in rents since 2018. The pace of national rental growth continued to slow in 2024, with rents up 4.8% over the year after surging 8.1% in 2023, according to CoreLogic’s latest Quarterly Rental Review. The result marked the smallest annual rental increase since the 12 months to … Continue reading National rental market has “well and truly passed the peak of the recent rental boom