Some green shoots for property? Around half of all homes up for auction across Australia’s capital cities sold during the first quarter of 2019, with the latest CoreLogic Quarterly Auction Market Review showing a clearance rate of 49.9 per cent across the combined capitals. This is an increase of +6.6 percentage points on the December…
Articles by 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
Looking at the latest ABS building activity stats the most notable change in the landscape of dwelling commencements over recent years has been the lift in apartment starts and, more recently, their fall. Here are some other highlights : Significant slowdown in dwelling commencements over the quarter House starts fall 7.6% – their lowest level…
Migration data from the Australian Bureau of Statistics (ABS) highlighted that an increasing number of Australian residents were born overseas. As at June 2018, an estimated 17,650,130 residents of Australia were born in Australia. While this might seem like a high number, it shows that 29.4% of residents were born overseas. Based on data from…
Falling property values dragging household wealth lower backed up by data from the Australian Bureau of Statistics (ABS) showed that overall household wealth fell over the final two quarters of 2018. Total household assets were recorded at a value of $12.6 trillion at the end of 2018, while total household assets fell in value over…
Lower auction volumes across the combined capital cities week-on-week. There were 1,669 homes taken to auction across the combined capital cities this week, down from 1,875 over the previous week. This time last year, volumes were significantly higher with 3,990 homes taken to auction over what was the pre-Easter weekend, traditionally one of the busiest…
Auction activity significantly lower year-on-year with 1,894 homes taken to auction across the combined capitals. There were 1,894 homes taken to auction over the week, increasing from the previous week when 1,197 auctions were held, although significantly lower than this week last year when 3,136 auctions were held across the combined capital cities. Preliminary results…
With the housing market weakening over the past few years, most capital cities have experienced dwelling value falls with a more significant correction experienced in Sydney, Melbourne, Perth and Darwin. Although the past few decades have been characterised by increasing property values, that doesn’t mean there haven’t been periods when property values have reversed; in…
An increase in dwelling values over 2018 resulted in a reduction in sales at lower price points with million dollar plus property transactions having become much more commonplace. Over the 2018 calendar year, the share of sales across the six price points highlighted nationally were: 6.1% under $200,000, 24.8% between $200,000 and $400,000, 28.0% between…
Fewer capital city homes taken to auction week-on-week and year-on-year. There were 2,204 capital city homes taken to auction this week, returning a preliminary weighted average clearance rate of 55.0 per cent. This week’s volumes are slightly lower than last week’s 2,293 auctions held, which was the busiest week so far this year. The higher…
The onset of weaker property market conditions is starting to show with listing numbers rising to their highest levels since 2012. Citing increased competition amongst vendors for a smaller pool of buyers, motivated vendors are offering up increasingly larger discounts on their original asking prices in order to sell. Nationally, around 75% of properties sold…
