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 activity takes a back seat to Grand Finals and long weekend festivities, sending the preliminary combined capitals clearance rate below 50% for the first time since December 2012. There was a significant drop in auction numbers across the combined capital cities this week, with a total of 889 auctions held. The lower activity is…
Preliminary auction clearance rates hold around the mid 50% range, indicating subdued auction conditions over the first three weeks of spring. There were 2,404 homes taken to auction across the combined capital cities this week, increasing from 1,983 over the previous week. Despite the fact auction volumes have been increasing over the month, 378 fewer…
Based on resales across Greater Brisbane over the second quarter of 2018, the total value of resales at a profit was $1.1 billion while the total value of resales at a loss was recorded at $27.1 million. Brisbane generated 5.8% of the total value of resale profits nationally over the quarter and 6.8% of the…
Over the June 2018 quarter, resales of Melbourne properties generated $4.299 billion worth of profits and $37.1 million in losses. These figures indicated that Melbourne generated 27.4% of total resale profits nationally over the quarter as well as producing 7.9% of total resales losses. Over the quarter, there were no resales at a loss in…
Throughout the second quarter of 2018, the total value of resales for a profit in Sydney was $5.023 billion and the total value of resales at a loss was $52.7 million. Based on this data, Sydney accounted for 32.0% of all resales at a profit nationally over the quarter and 11.2% of the total value of…
Across the nation, a higher proportion of houses are resold at a profit than units. This trend is also evident across the combined capital city and combined regional markets. In Melbourne, units were higher than 9 times more likely to resell at a loss than houses while in Brisbane units were 7 times as likely…
89.8% of properties that were resold over the first quarter of 2018 transacted at the same or a higher price than what they were purchased for. While the majority of vendors selling homes are making a profit, the share of resales at a profit was the lowest it has been since October 2013. The 89.8%…
Preliminary clearance rate lower week-on-week as volumes increase across the capital cities. The combined capital cities saw an increase in the number of homes taken to auction this week with a total of 1,985 auctions held, up from the week prior when 1,916 auctions took place. The higher week-on-week activity returned a preliminary auction clearance…
The latest CoreLogic home value index results show the slowdown in the national market has become more broadly based with the majority of capital city regions recording a fall in dwelling values. In this week’s Pulse we look at how value changes have tracked over the quarter and year across capital city SA4 regions. Over…
Preliminary results show 59.1 per cent of capital city homes sell as volumes increase. This week saw auction volumes increase across the combined capital cities, with 1,907 homes taken to auction returning a preliminary clearance rate of 59.1 per cent. While the preliminary clearance rate shows a week-on-week improvement, it’s likely that as final results…
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