Search Results for: Corelogic
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Real Estate News
National home prices continue to rise but housing boom is slowly losing steam
Affordability constraints, rather than lockdowns, have slowed but not halted the rise in property values, according to the latest report from CoreLogic.
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Real Estate News
Melbourne withdrawals weigh heavily on auction clearance rate
Scheduled auction volumes might have increased this week, but with 64.3 per cent of all Melbourne auctions withdrawn, the preliminary clearance rate has slumped to its lowest level since late April last year.
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Real Estate News
Record gains and very little pain for New Zealand property sellers
New Zealand home owners are pocketing a record level of gross profits from property resales as the country's real estate market defies last year's weak economic outlook.
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SUPPLIER NEWS
Openn Negotiation has partnered with CoreLogic’s property research platform
CoreLogic’s listing portal onthehouse.com.au, has partnered with Australian-listed property technology company Openn Negotiation.
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Real Estate News
Withdrawals see clearance rate drop to lowest level since July 2020
This week saw the lowest preliminary clearance rate recorded since July last year, with only 63.3 per cent of the 1977 auctions scheduled for this week proving successful.
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National
Lockdowns lead to lower seller confidence but buyers remain keen for more
The REA Insights Listings Report August 2021 analysed new listings in order to deduce the latest market supply trends.Â
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INDUSTRY NEWS
What does the Spring selling season look like for states in lockdown?
Less than two weeks out from the spring selling season of 2021, lockdown conditions are in place across the ACT, Greater Melbourne, NSW and NT.
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Real Estate News
First home buyers in NZ will suffer from the Reserve Bank’s surprise decision on mortgage deposits
RBNZ's decision to reduce the number of owner-occupiers that can get a mortgage with less than a 20 per cent deposit is set to have huge impacts on first home buyers
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Real Estate News
Auction clearance rate lower as markets navigate lockdowns
The volume of properties taken to auction was slightly higher this week, but the clearance rate dropped marginally as the most popular markets navigated lockdown.
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INDUSTRY NEWS
More Australian homes selling than coming on the market
Dwelling sales continue to surge across Australia against low listings levels, according to new CoreLogic data. In the three months to July, CoreLogic estimated there were around 171,100 dwelling sales in Australia. This is 53.4 per cent higher than what has typically been seen this time of year for the previous five years. In the same period, there were just…
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INDUSTRY NEWS
Dwelling values and sale volumes continue to rise across Australia but rental yield declines, says CoreLogic
CoreLogic has released their August insights, summarising Australian housing market data to the end of July 2021. They found the Australian housing market has continued to maintain the highest dwelling values since 2004, but quarterly values have started to gently decline, when compared to May 2021. Sales volumes also rose across Australia, both in regional and metro markets. Rental values…
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INDUSTRY NEWS
The top regional Queensland suburbs for investment opportunities
Queensland boasts a huge array of regional locations that draw in house hunters from around the country, from hinterland towns to beachfront living.
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Real Estate News
Auction volumes and clearance rate dip with three major capitals in lockdown
Both auction volumes and the preliminary clearance rate fell this week in the wake of lockdowns across Australia's three largest capitals.
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INDUSTRY NEWS
RBA maintains flexible approach with continued cash rate hold
The Reserve Bank of Australia (RBA) has decided it will keep the nation's official cash rate on hold at 0.1 per cent.
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Real Estate News
Coastal apartments in hot demand in NSW
Sydney’s extended lockdown has boosted buyer enthusiasm across regional New South Wales, with enquiries increasing for apartments in coastal areas.
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NEW ZEALAND
New Zealand’s market slowdown is gradually unfolding
CoreLogic’s House Price Index (HPI) showed New Zealand’s house values increased by a further 1.8 per cent over July, with a market slowdown starting to develop. This was the same rate of growth recorded in June, but down on both May (2.2 per cent) and April (3.1 per cent). While New Zealand is likely to be past the peak growth…
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INDUSTRY NEWS
Australia’s growth cycle tapers as housing becomes less affordable
Australian housing values increased a further 1.6 per cent in July, according to CoreLogic.
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WA Real Estate News
Perth buyers soak up listings despite wet conditions in July
Perth's wet weather hasn't dampened buyers' interest, according to REIWA.
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Real Estate News
Auction volumes steady, clearance rate rises
This week’s preliminary clearance rate has edged higher and volumes remain on par with previous weeks, despite the fact more than 250 of the anticipated 2077 auctions for this weekend were rescheduled to a later date.
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INDUSTRY NEWS
Gap between median house and unit prices breaking records
The price premium of houses over units has continued to emerge since March last year, as stage two restrictions rolled out across the nation.
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INDUSTRY NEWS
CoreLogic NZ expects mortgage lending volumes will ease
CoreLogic New Zealand (NZ) has tipped lending activity will slow down over the coming months with mortgage rate increases on the horizon. This comes despite property sales activity remaining solid in June. CoreLogic NZ Chief Property Economist Kelvin Davidson said it was interesting that first-home buyers had a monopoly on mortgage lending with less than a 20 per cent deposit.…
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CONTRIBUTORS
COVID-19: Keeping up with changes to investment property insurance
Last year was a bumpy ride for the property industry and the rollercoaster is continuing. Landlords and agents have had to keep on top of the evolving market and adapt to the changes. EBM RentCover managing director Sharon Fox-Slater says many of these changes impact on insurance cover too. When the year started, most of us were hoping the disruption…
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National
Australian residential auction market records the busiest period in four years
The three months to June proved the busiest auction period since December 2017, according to new insight from CoreLogic.
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INDUSTRY NEWS
Fewer properties taken to auction due to multiple lockdowns
There were 1849 homes taken to auction across the combined capital cities this week, resulting in a preliminary clearance rate of 74.8 per cent this week.
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NEW ZEALAND
New Zealand hits a turning point in the property investment market
The recent uptick in mortgage interest rates is yet another influencing factor in the New Zealand residential property investment landscape, with CoreLogic suggesting the market is close to a significant turning point.
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SUPPLIER NEWS
CoreLogic launches their digital RP proposals platform
CoreLogic has launched RP Proposals, a new digital solution that aims to streamline the real estate industry.
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INDUSTRY NEWS
What the 2032 Olympic Games means for Brisbane’s property market
CoreLogic Asia Pacific research director Tim Lawless believes the 2032 Olympics should work as a positive influence on the Brisbane housing market.
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Real Estate News
Which regions have seen the highest rent value increases over the year?
CoreLogic data across 88 local markets shows that, as with the current housing market upswing, rental market increases have been broad-based.
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INDUSTRY NEWS
National rents record highest annual growth in over a decade
Despite rental growth slowing over recent months, CoreLogic's Rental Review for the June 2021 quarter shows national rental rates are 6.6 per cent higher than they were last year after enjoying the highest annual growth in dwelling rents since January 2009.
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INDUSTRY NEWS
Clearance rate steady despite lockdowns in the largest auction markets
The combined capital city preliminary auction clearance rate remained relatively steady week-on-week, despite the announcement earlier in the week that Sydney was extending the current lockdown and Melbourne was commencing a fifth lockdown.
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Real Estate News
Snap lockdown thwarts Melbourne’s scheduled auction growth
Melbourne had more than 1,000 auctions scheduled, but the latest snap lockdown could significantly impact these figures.
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Real Estate News
Cheaper to buy than rent more than a third of Australian properties
CoreLogic analysis has suggested servicing a mortgage is now cheaper than paying rent on 36.3 per cent of Australian properties. That is 2.3 per cent higher than before coronavirus hit Australia. CoreLogic reported in February last year that mortgages were cheaper than renting for 33.9 per cent of properties. The analysis was undertaken at the individual property level, using a…
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FRANCHISE NEWS
Vendor confidence up with appraisals rising 34 per cent
After a booming 12 months for Australian real estate, vendor confidence across the continent remains robust, according to Raine & Horne. Raine & Horne released new data that indicates property appraisals are about 34 per cent higher than winter 2020 and almost 44 per cent stronger than the same time in 2019. According to CoreLogic, national home values rose 13.5…
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Real Estate News
New Zealand’s mortgaged investors see fall in share of property purchases
Over the past three months, New Zealand‘s mortgaged investors have seen their share of property purchases fall, while the number of first-home buyers (FHBs) bought at increased rates. CoreLogic New Zealand (NZ) Chief Property Economist Kelvin Davidson said these patterns were more due to the 40 per cent deposit mortgaged investors need, rather than the March tax changes. The June…
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National
Highest rate of dwelling value growth since 2004
CoreLogic data has revealed Australian dwelling values saw the highest annual growth rate since 2004. The latest CoreLogic housing market data found Australian dwelling values rose 13.5 per cent in the 2020-21 financial year, which was the highest annual growth rate in 17 years. Regional New South Wales saw dwelling value changes for the financial year increase by 21.1 per…
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