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…
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
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…
Over the past few weeks three of the four major banks in Australia have announced that they are going to be increasing variable mortgage rates. While there has been a lot of adjustments to mortgage rates over recent years, the big difference with the latest announcement is that the higher mortgage rates are going to…
The latest private sector credit data from the Reserve Bank (RBA) confirms that the sagging demand for credit by investors continued in July 2018. Over the month, total housing credit was recorded at $1.78 trillion and increased by 0.4% to be 5.5% higher over the past year. The $1.78 trillion in outstanding credit for housing…
Auction activity lower over first weekend of Spring with 1,752 homes taken to auction. The first weekend of Spring saw a total of 1,752 capital city auctions, a decrease on last week’s 1,915 auctions held and lower than over the same week last year when 2,074 homes went to auction. Although volumes are lower over…
Units offer affordable options for many looking to enter the housing market for the first time, down size or simply own a pad close to a city centre. The CoreLogic Property Pulse, analyses the CoreLogic Settlement Risk data to show the potential number of new units set to be completed over the coming years and…
CoreLogic reported that although national dwelling values are falling, the impact is not having much of an affect at the lower end of the housing market with volume of sales under $400,000 continuing to trend lower. With dwelling value growth having slowed over the 2017- 18 financial year to a decline of -0.8% from an…
Sales of million dollar properties are trending lower, brought upon by a recent decline in values across the national housing market. Over the 2017-18 financial year, annual value growth fell from 10.2% over the previous financial year to a decline of -0.8% this year. The largest fall in values is occurring for Sydney and Melbourne’s…