Volumes rise over the week returning a preliminary clearance rate of 45.5 per cent across the combined capital cities. There were 2,753 homes taken to auction over the week, increasing from 2,386 over the previous week, although much lower than this week last year when 3,390 auctions were held across the combined capital cities. Preliminary…
Articles by Tim Lawless
Tim heads up the Core Logic RP Data research and analytics team, analysing real estate markets, demographics and economic trends across Australia. Visit www.corelogic.com.au
Brisbane’s housing market is holding reasonably firm, with dwelling values unchanged over the month and only 0.3% higher over year to date. Core Logic has released their newest housing market update for November 2018. House values are the primary driver of the steady conditions, helping to offset an improving but still negative annual change across the…
The Sydney housing market is now recording its weakest conditions since 1990 – that was the last time the annual decline in dwelling values was at least 7.4%. CoreLogic has released their newest housing market update for November 2018. Sydney’s unit market has been more resilient to weaker conditions, however unit values were down slightly more…
Melbourne’s housing market was the weakest performing capital city over the past three months, with dwelling values falling 2.1%. Core Logic has released their newest housing market update for November 2018. The upper quarter of Melbourne`s housing market, which includes those dwellings valued over $920,000, has felt the brunt of the downturn. Top quartile properties…
Adelaide dwelling values edged 0.2% higher over the month to be 1.8% higher over the past twelve months. CoreLogic has released their newest housing market update for November 2018. While the rate of capital gains is relatively low, it`s the third highest amongst the capital cities. Based on the median value, Adelaide housing now has…
The downturn that has been long-running across the Perth housing market seems to have caught a second wind, with values down 2% over the past three months to be 3.3% lower over the year. CoreLogic has released their newest housing market update for November 2018. The weakening conditions are concentrated across at the more affordable end…
The housing market continued to lose steam last month, with national dwelling values slipping half a percent, taking the overall market 3.5% below their recent peak. Core Logic has released their newest housing market update for November 2018. National dwelling values haven’t fallen this much over a single year since February 2012. On a rolling…
Dwelling values continued to fall across Sydney, Melbourne and Perth in October, pushing the CoreLogic national hedonic home value index further into negative territory. Citing tighter credit conditions as a contributor to slower housing activity and lower dwelling values across Australia, CoreLogic head of research. The latest results take the annual decline across the national…
Preliminary results show half of the homes taken to auction across the combined capital cities were successful over the 5th busiest auction week of the year. Auction volumes were the highest they have been since late March with 2,919 homes taken to auction across the combined capital cities this week, increasing from 2,139 last week…
The auction market over the 2018 year to date has consistently weakened, with clearance rates reducing from the low 60% range to trend below 50% in October. The highest clearance rate for the year was back in late February (66.8%), and as clearance rates progressively decline; the spring selling season was highly anticipated as a…
