Australia’s housing is so horribly undersupplied that I’ve rarely encountered a supply-demand inflection point like this. The depth of buyer appetite was again shown by this week’s strong auction clearance rates despite 2,723 properties being put to auction as demand from buyers keeping up with the increased number of properties put to auction. Easing inflation…
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Weekend auction markets hosted another big day of auctions, but clearance rates were lower across the board as robust markets now test buyer depth. Auction results around Australia, Saturday March 16th 2024: Capital City This Saturday Last Saturday Auctions Rate Auctions Rate Sydney 836 71.3% 847 74.5% Melbourne 1290 65.2% 359 67.5% Brisbane 120 56.4%…
The national vacancy rates continued to decrease and now state at 1.0%. From January to February the decrease was by 0.1%. The total number of rental vacancies Australia-wide now stands at 30,161 residential properties, which is a decrease from 32,108 in January. Only Perth and Adelaide remained stable, however, other major cities recorded vacancy rates…
With most economists expecting interest rates to start falling later this year, prospective home buyers might be weighing up whether to buy now for fear of strong competition for stock or waiting until repayments are lower. The financial markets and private sector economists expect the Reserve Bank to start cutting interest rates later this year….
Housing values posted a broad-based rise in February, with CoreLogic’s National Home Value Index up 0.6%. This was a 20 basis point acceleration from the 0.4% increase seen in January and the strongest monthly gain since October last year. Each of the capital cities and rest-of-state regions recorded a lift in values over the month,…
Housing values posted a broad-based rise in February, with CoreLogic’s National Home Value Index up 0.6%. This was a 20 basis point acceleration from the 0.4% increase seen in January and the strongest monthly gain since October last year. Each of the capital cities and rest-of-state regions recorded a lift in values over the month,…
Who owns more property – men or women? Well, according to CoreLogic’s 2024 Women & Property report, which surveyed home ownership status and motivations, barriers and attitudes towards dwelling ownership among women and men in Australia 68.2% of women surveyed own at least one property – including owner-occupied and investment properties – slightly higher than…
Housing values posted a broad-based rise in February, with CoreLogic’s National Home Value Index up 0.6%. This was a 20 basis point acceleration from the 0.4% increase seen in January and the strongest monthly gain since October last year. Each of the capital cities and rest-of-state regions recorded a lift in values over the month,…
Housing values posted a broad-based rise in February, with CoreLogic’s National Home Value Index up 0.6%. The rapid rate of capital gains across the Perth housing market is showing no signs of slowing down, with values rising a further 1.8% in February, on par with a cyclical high recorded in October last year. The ongoing…
Housing values posted a broad-based rise in February, with CoreLogic’s National Home Value Index up 0.6%. Housing values across Melbourne increased by 0.1% in February, although the monthly change was virtually flat, this was the first positive movement in Melbourne home values since October last year. The ongoing rise in values reflects a persistent imbalance…