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 volumes more than doubled week-on-week across the combined capital cities. Auction volumes increased significantly over the week with 1,991 homes taken to auction across the combined capital cities, up from just 904 last week when auction volumes were lower due to the Queen’s Birthday long weekend. The preliminary clearance rate was recorded at 56.9…
A recent study by CoreLogic using deciles to analyse dwelling value falls for properties at the top end of the market compares growth across the most affordable 10% of properties (1st decile) and the most expensive 10% (10th decile) by splitting the market into 10 even segments. The research shows that over the past 12…
The latest private sector credit data from the Reserve Bank (RBA) shows that the expansion of housing credit continues to slow with both owner occupier and investor credit growth tracking lower in April. Private sector credit figures for April 2018 and the data reiterates the ongoing slowing of demand for housing credit where over the…
Auction clearance rates cool over the first week of Winter, remaining below 60 per cent for the fourth consecutive week. The first week of Winter sees auction volumes remain steady across the combined capital cities, with 2,272 homes taken to auction returning a preliminary clearance rate of 57.6 per cent. While the preliminary clearance rate…
The Australian Bureau of Statistics (ABS) released building approvals data for April 2018. Looking specifically at dwelling approvals, there were 18,701 houses and units approved for construction in April 2018. The number of approvals is remarkably resilient considering that dwelling values are falling and there has been a significant volume of new housing approved over…
This week marks 12 months since the combined capital city auction market last recorded a clearance rate above 70 per cent, with selling conditions progressively weakening over the year as property values fall resulting in fewer homes selling at auction. There were 2,287 homes taken to market this week across the capital cities, returning a…
There were 2,089 homes taken to auction across the combined capital cities this week, returning a preliminary auction clearance rate of 60.3 per cent. Last week, 2,279 auctions were held and the final clearance rate dropped to 58.2 per cent, the lowest clearance rate seen since December 2015 so it will be interesting to see…
Preliminary clearance rate weakens and auction volumes drop slightly across the combined capital cities. There were 2,245 homes taken to auction across the combined capital cities this week, returning a preliminary auction clearance rate of 61.0 per cent, while last week, 2,311 auctions were held and the final clearance rate came in at 62.1 per…
Regional population and migration data for 2016-17 recently released by the Australian Bureau of Statistics tracks Australia’s internal migration trends. CoreLogic Property Pulse, takes a deeper dive into the latest results. Note: For this analysis the focus is the internal movements from the Greater Capital City Statistical Areas (GCCSA) to other SA4 regions across the country…
Dwelling values, particularly those in Sydney and Melbourne, have been falling now for a number of months. The latest ABS housing finance data indicates that the impact of these falls is now seemingly being felt in demand for new mortgages. While the value of lending fell over the month for owner occupiers and investors, the…
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