Search Results for: Corelogic
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Real Estate News
National auction volumes remain steady despite drop in Sydney
The preliminary auction clearance rate has risen to 76.4 per cent this week, with volumes remaining relatively steady despite a 17 per cent drop in the number of predicted auctions in Sydney.
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INDUSTRY NEWS
CoreLogic investigates how the housing market reacts to lockdowns
CoreLogic has released a comprehensive overview of housing market performance through lockdowns.
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NEW ZEALAND
New Zealand’s Wellington sees a 123 per cent rise in property values
Across the wider Wellington area, the past six years have brought large increases in property values, following a long flat patch prior to 2015.
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INDUSTRY NEWS
Experts weigh in on the Reserve Bank of Australia’s rate-hold
On Tuesday afternoon, the Reserve Bank of Australia (RBA) announced the official cash rate was on hold, to mixed reactions. Economists and industry leaders have weighed in on the RBA’s announcements on social media, with many using Twitter to share their opinions. Economist and Monash University lecturer, Dr Isaac (Zac) Gross says the under-covered aspect of the RBA is the…
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NEW ZEALAND
CoreLogic New Zealand House Price Index shows market momentum continues to fade
Property values around New Zealand (NZ) increased by 1.8 per cent over June, according to the CoreLogic House Price Index (HPI). Corelogic’s data indicates a slight reduction in June from the 2.2 per cent growth rate from May, providing early evidence of a gentle deceleration in market momentum in NZ. CoreLogic’s Head of Research, Nick Goodall believes the turnaround will…
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INDUSTRY NEWS
Auction volumes and clearance rates dip due to COVID uncertainty
The preliminary clearance rate came in at a lower 73.6 per cent this week after the volume of auctions dipped slightly due to COVID lockdowns in multiple Australian states.
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Real Estate News
Australian dwelling values finish the financial year 13.5 per cent higher
National home values rose 1.9 per cent in June, taking annual growth to 13.5 per cent for the financial year.
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Real Estate News
Sydney holds firm despite lockdown, Melbourne enjoys second busiest auction week of the year
Melbourne has enjoyed its second busiest auction week of the year, but all eyes were on Sydney this weekend after the announcement of snap lockdowns in four local government areas.
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Real Estate News
Profit-making resales jump thanks to hot property market
The number of home owners selling their property at a profit jumped in the March 2021 quarter thanks to the record run for property prices.
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NEW ZEALAND
Housing policy changes have had little effect on the NZ market
Three months on from the New Zealand government’s housing policy, CoreLogic reveals the changes are yet to have a discernible impact on the market. CoreLogic Head of Research Nick Goodall admits it’s “still early days”, after the New Zealand (NZ) government policy was announced on 23 March this year. “It’s hard to disentangle the government’s bright-line extension and tapered removal…
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INDUSTRY NEWS
Over three-quarters of auctions successful this week
Over three quarters of auctions proved successful this week after 2418 properties were taken to auction, resulting in a preliminary clearance rate of 77.8 per cent. CoreLogic noted the volume was again down on numbers predicted earlier in the week, revising down from 2610 with the majority of that drop occurring in Melbourne. Of the 1955 results collected so far,…
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Real Estate News
Over 200 markets now in the million dollar property club
With property markets running hot across the country, a new report has highlighted that there are now 218 million-dollar areas across Australia.
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NEW ZEALAND
New Zealand’s property market upswing is nationwide
CoreLogic New Zealand takes an in-depth look at suburb-level property data, revealing a surprising market upswing. Upmarket shopping district Herne Bay remains New Zealand’s (NZ) most expensive suburb with a median value of $3.16 million. However, in terms of value growth, cheaper areas reign supreme. Reflecting better relative affordability and easier access for a wider range of buyers, Manunui in…
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BTW
McGrath opens new office in Lower Blue Mountains
As more Sydney residents expand their property search into the stunning Lower Blue Mountains, McGrath Estate Agents have opened a new office in order to service the increasingly popular regional New South Wales area. The Announcement: Leading residential group, McGrath Estate Agents, has opened a new office in a popular regional area of NSW. McGrath Lower Blue Mountains will be…
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Real Estate News
Auction volume down but clearance rate up over long weekend
Auction volumes were again lower than predicted this week, but CoreLogic noted the preliminary clearance rate enjoyed a slight rise.
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Real Estate News
Female real estate agents sweep the REIA awards
The winners of the 2021 Real Estate Institute of Australia National Awards for Excellence have been announced. Female real estate agents swept the board, winning eight out of 11 of the individual agent categories. REIA President Adrian Kelly said that from the 83 finalists there was an increase in female candidates in the different categories from previous years. OBrien Real…
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Real Estate News
Auction volumes below predictions due to Melbourne’s lockdown
Auction volumes dropped below the number previously predicted this week, with 2691 properties going under the hammer across the combined capitals
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Real Estate News
PropTech startup raises $3 million to help keep buyers in the loop
A PropTech startup that gives buyers access to pre-market and off-market real estate recently closed a $3 million funding round that will enable it to continue to grow. Listing Loop, which launched in 2019 and was founded by PropTech entrepreneur Rhett Dallwitz and real estate director and strategist Andrew Meehan, gives property buyers quick and easy access to properties that…
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Real Estate News
Australian residential property values rise by 2.2 per cent in May
Housing markets continued to surge throughout Australia in May, with CoreLogic's national Home Value Index rising by 2.2 per cent over the month.
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Real Estate News
Sydney property values tipped to rise by more than 20 per cent
House prices in Sydney are forecast to rise by an unprecedented 21 per cent in 2021, with a range of economists and industry experts also tipping the cash rate will remain on hold when the Reserve Bank Board meets on June 1.
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Real Estate News
Third busiest auction week of the year, despite Vic lockdown
Despite the announcement of a snap lockdown in Victoria, this week proved the third busiest auction week of the year, with 2930 properties going to auction across the combined capitals, resulting in a preliminary clearance rate of 75.7 per cent.
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CONTRIBUTORS
Joel Davoren: Make auctions comfortable for buyers
With record prices being achieved across much of Australia’s real estate market over the past year, the popularity of auctions has also skyrocketed. As RE/MAX Australia Managing Director Joel Davoren explains, there’s every chance someone’s dream home will sell under the hammer, so agents need to ensure prospective buyers are comfortable with the process.
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Real Estate News
The lesson for Australia out of Victoria’s property tax hikes: two out of three ain’t bad
Victorian treasurer Tim Pallas’s three-pronged strategy to raise an extra $2.7 billion in property taxes over the next four years is a case of two out of three ain’t bad, writes Brendan Coates.
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Real Estate News
Second place worth celebrating at Harcourts Australia’s awards night
Harcourts Australia had plenty of reasons to celebrate over the weekend. In addition to the company hosting its annual awards night on Saturday, the group also announced it is now the second-largest real estate group in the country.
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Real Estate News
Auction volumes and clearance take a minor dip
Both auction volumes and the preliminary clearance rate took a minor dip this week, with 2845 homes taken to auction across the combined capitals, resulting in a success rate of 78.2 per cent.
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Real Estate News
Regional rent prices rise at three times the rate of capital cities
Rental prices in Australia’s combined regional markets have increased by almost three times the rate as capital city markets over the past year.
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Real Estate News
Regional housing market growth continues to outpace capital cities
Property value growth in Australia's regional housing market has far outpaced capital cities over the past 12 months, rising 13 per cent compared with a 6.4 per cent gain in capital city values.
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Real Estate News
Clearer picture as CoreLogic announces partnership with Nearmap
CoreLogic Asia Pacific has announced a partnership with leading geospatial information services provider Nearmap to enhance its products with high-quality aerial imagery and superior location insights across Australia and New Zealand.
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Real Estate News
Clearance rate inches higher after busy auction week
Auction volumes were down slightly on last week, but the preliminary clearance rate inched higher to 79 per cent, after 2892 properties taken to auction across the combined capitals. In comparison, the previous week saw 3016 homes taken to auction, returning a preliminary auction clearance rate of 78.6 per cent, which revised down to 77.2 per cent at final figures.…
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Real Estate News
Australia’s residential construction costs rose less than one per cent in March quarter
Construction costs increased by less than 1 per cent in the first three months of 2021, according to CoreLogic’s first Cordell Housing Index Price (CHIP) for the year.
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Real Estate News
New Zealand house construction costs rise at fastest rate in two years
Housing construction costs in New Zealand surged by 1.3 per cent over the first quarter of 2021, according to the latest CoreLogic's Cordell Housing Index Price (CHIP).
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INDUSTRY NEWS
Second busiest auction week of the year
This week proved the second busiest auction week of the year, with 3033 properties taken to auction across the combined capital cities.
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Real Estate News
Australia’s residential real estate value has now surpassed $8 trillion
CoreLogic has announced its estimate of the total value of residential real estate in Australia has now reached $8.1 trillion.
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Real Estate News
Australian housing values continued to grow in April
Housing values rose by 1.8 per cent in Australia in April, with monthly capital gains easing from a 32-year high in March, according to CoreLogic’s national home value index.
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Real Estate News
Preliminary results show over 80 per cent of auctions successful
The preliminary clearance rate has again exceeded 80 per cent this week on the back of higher volumes.
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