Articles by Cameron Kusher

Cameron Kusher

Cameron Kusher is Corelogic RP Data’s senior research analyst. Cameron has a thorough understanding of the fundamentals such as demographics, trends & economics. Visit www.corelogic.com.au


auction
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The final week of auction sees clearance rate remain above 70%

Auction activity continued to ease this week after a surge in auctions over the past four weeks.  The combined capital city clearance rate fell slightly to 70.5 per cent, down from last week’s 71.6 per cent. The number of properties taken to auction this week also fell across the capital cities, with 2,722 reported auctions,…

property investment
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Stamp duty proves a significant cost barrier for Sydney and Melbourne housing markets

Higher priced properties in Sydney and Melbourne is not the only obstacle stopping people from entering these markets.  Varying from state to state, another factor contributing to the high entry cost to housing is Stamp Duty, particularly in Australia’s largest two capital cities. Levied by each state and territory and payable by the receiver when…

auction graph sale sell house property
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Summer heated up over the weekend & so did clearance rates

The combined capital city preliminary clearance rate rose this week to 75.0 per cent, up from last week’s final clearance rate of 73.0 per cent. This week’s auction market results indicate that clearance rates are maintaining strength coming into summer, a trend that is very different compared with last year’s performance when auctions clearance rates…

construction
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The slide in construction work done continues over the September 2016 quarter

The Australian Bureau of Statistics (ABS) released data on construction work done over the September 2016 quarter earlier this week.  The data showed that the value of work done fell to its lowest level since December 2010. Over the September 2016 quarter, $46.1 billion worth of construction was completed.  The $46.1 billion in work was…

auction graph sale sell house property
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Weekend auction markets continue to run strong

Auction volumes increased with 3,367 properties taken to auction this week.  This was the second highest number of reported auctions this year for the combined capital cities, up from 2,987 over the previous week. Despite the surge in auction numbers, market volume is still significantly lower than the corresponding week last year (3,729). The preliminary auction clearance rate, despite…

location map house suburb area find
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Total value of sales reviewed

The council areas with the greatest total value of sales over the past year record a decline relative to a year ago according to CoreLogic.  This market analysis of total value of transactions provides excellent insights, particularly for real estate and mortgage professionals given commission derived from sales is typically calculated on the value of the…

sale sign auction house property market
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A weekend of high temperatures and high clearance rates

There were 2,950 auctions held across the combined capital cities, with week-on-week results showing an increase over the 2,897 reported capital city auctions last week.  With the number of auctions tracking at the highest level since March, there has been no indication that clearance rates are starting to ease as we approach summer. However, when…

Sydney-Melbourne
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Homes in Sydney and Melbourne sell faster

CoreLogic research out today confirmed that although values have been increasing for almost 4.5 years, homes are selling rapidly and with low levels of discounting required from vendors.  Using vendor discount and time on market metrics measures to gauge current market conditions. The vendor discounting metric looks at properties selling for less than their original…