Search Results for: Corelogic
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INDUSTRY NEWS
RBA holds rates steady: what it means for the real estate market
It came as no surprise: The RBA has held the official cash rate at 4.35% marking the eighth consecutive time rates have remained unchanged.
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INDUSTRY NEWS
Auction market reports mixed outcomes
As the spring selling season continues to unfold, Australia's auction market is demonstrating varied results.
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INDUSTRY NEWS
High auction volumes test market as clearance rates decline
Weekend auction summary: 27th October 2024 This past weekend saw one of the busiest periods for auctions across Australia’s capital cities, with over 3,000 homes going under the hammer, according to CoreLogic. The preliminary auction clearance rate was 66.8%, slightly down from last week’s 67.4%, which later revised to 58.2%, marking the lowest clearance rate of the year so far.…
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INDUSTRY NEWS
Record land prices threaten housing targets
Land prices have hit record highs across the country as severe shortages continue to hamper the government's ambitious housing targets.
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INDUSTRY NEWS
Auction clearance rates climb as buyer demand grows
On Saturday, 19 October 2024, Sydney recorded a clearance rate of 67% from 996 auctions listed.
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INDUSTRY NEWS
NZ construction costs inch up amid industry slowdown
Construction costs in New Zealand have shown a slight increase in the September quarter, despite an ongoing slowdown in the building industry.
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INDUSTRY NEWS
Auction market lifts as spring heats up
The Australian property market has seen a sharp uptick in activity as spring selling season gains momentum according to new data.
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INDUSTRY NEWS
Australian property market hits $11 trillion despite slowing growth
Australia's property market has reached a new milestone, with the total value of residential real estate surpassing $11 trillion for the first time, but growth is starting to ease.
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INDUSTRY NEWS
RNBZ rate cuts to boost confidence
The Reserve Bank of New Zealand’s latest rate cut is set to boost market confidence and there is likely more easing on the way.
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INDUSTRY NEWS
Sydney and Melbourne’s unit markets struggle despite affordability gains
Despite improving affordability in some areas, certain unit markets in Sydney and Melbourne are failing to attract buyers, according to new research from CoreLogic.
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INDUSTRY NEWS
Housing market growth slows as spring listings surge
The Australian property market is showing signs of a slowdown, with national dwelling values rising by just 0.4 per cent in September, according to the latest CoreLogic data.
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Real Estate News
Spring Surge: affordability pressures rise as listings climb and market growth slows
Highlights National home values rose 0.4% in September, marking the slowest quarterly growth since early 2023. Year-on-year growth remains strong at 6.7% (CoreLogic) or 5.67% (PropTrack). Capital city performance varies: Sydney steady, Melbourne declining, Perth/Adelaide/Brisbane outperforming. New property listings have surged to levels not seen since 2021, increasing buyer choice and seller competition. Affordability remains a major challenge, with mortgage…
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INDUSTRY NEWS
Million-dollar suburbs hit record high despite affordability concerns
The number of Australian suburbs with median house or unit values of $1 million or more has reached an all-time high.
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Real Estate News
Australian homeowners pocket record $285,000 profit in property resales
Australian homeowners pocketed a record-breaking median profit of $285,000 when reselling their properties in the June quarter of 2024, according to CoreLogic's latest Pain & Gain report.
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Real Estate News
Mixed Fortunes for Australia and New Zealand Property Markets as Suburb Values Weaken
Recent data from CoreLogic and insights from property experts reveal a mixed picture for both the Australian and New Zealand property markets, with significant variations in value trends across suburbs.
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INDUSTRY NEWS
Spring selling season kicks off strongly
The first weekend of Spring selling has started strongly with active buyers driving up clearance rates right around the country.
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Movers and Shakers
Malliga Krishnan appointed Chief Data Officer at CoreLogic International
CoreLogic International has announced the appointment of Malliga Krishnan as Chief Data Officer, strengthening its data capabilities
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INDUSTRY NEWS
Home building approvals hit a 14-month high
New home building approvals in Australia have reached their highest level in 14 months, in a sign that confidence is starting to return.
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Elite Agent
Why building sums insured need to increase each year
If your landlord clients are looking at taking out or renewing a policy that includes building cover, it is important that they keep their eye on the sum insured.
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INDUSTRY NEWS
Townhouses drive New Zealand’s housing market transformation
New Zealand's housing landscape has undergone a significant shift, with townhouses emerging as a key driver of growth, according to CoreLogic.
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INDUSTRY NEWS
Spring selling favours vendors in Adelaide and Perth
The upcoming spring selling season is expected to be particularly good in Adelaide and Perth as vendors cash in on high prices.
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INDUSTRY NEWS
Housing affordability remains challenging in New Zealand
Housing affordability in New Zealand continues to be strained despite weaker property prices and rising incomes.
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Real Estate News
Monthly rental growth hits lowest rate in four years
The Australian rental market has experienced its slowest growth in four years, with new data showing a modest 0.1 per cent increase in national rents during July.
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Real Estate News
New Zealand property profits plunge to lowest since 2015
The proportion of properties selling for a profit in New Zealand has hit its lowest level since 2015.
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Real Estate News
Townhouses surge: Transforming NZ’s housing landscape
Townhouses have become a significant growth component for the New Zealand housing market, making up almost half of new dwelling consents across the country.
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Elite Agent
Eliza Owen: Does tenancy reform spook investors?
Tenancy reform is making headlines this week after the NSW government announced a ban on 'no grounds' evictions.
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INDUSTRY NEWS
Data insight: Property prices don’t care about high rates
Property markets continue to tick higher, despite high interest rates and cost of living pressures, however, there is still a big disparity between the different cities.
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INDUSTRY NEWS
Investors give Melbourne property a ‘wide berth’
Property prices are on the rise across the county, however, Melbourne continues to lag behind other major capitals.
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INDUSTRY NEWS
One-minute data: Australian home value growth cools as winter sets in
CoreLogic's daily home value index shows a slowdown in national property price growth, with values rising just 0.5 per cent over the past four weeks.
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INDUSTRY NEWS
New owners take the helm at Openn
Openn has joined forces with Neil Rose's investment group Tribar Capital bringing in the experience of fintech founders Mark Kalajzich and Martin Lam.
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INDUSTRY NEWS
Renters forced to save their pennies for essential costs
Surging unit rents are finally slowing down in the major capital cities as the heat comes out of the rental market.
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INDUSTRY NEWS
Homebuyers borrow more than ever but the market may be slowing down
The volume of new home loans fell last month, but when buyers do take on a mortgage they're borrowing more money than ever.
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Real Estate News
Josh Symons joins CoreLogic
CoreLogic has appointed Josh Symons as its new head of real estate solutions.
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Real Estate News
Property values hit new record in 2023-24 financial year
Australian property values soared 8 per cent in the 2023-2024 financial year, overcoming a significant slump from the year before.
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INDUSTRY NEWS
Slim pickings for buyers with less than $750,000
The constant surge in house prices across the country is making life difficult for buyers according to the latest Herron Todd White (HTW) Month in Review.
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