Search Results for: Corelogic
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INDUSTRY NEWS
Slight drop in auction volume and clearance rate
This week CoreLogic reported there were 2041 capital city homes taken to auction resulting in a preliminary clearance rate of 78.5 per cent.
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INDUSTRY NEWS
Capital city auction volumes set to dip slightly
Auction volumes look set to slow slightly this weekend, with 2099 properties expected to go under the hammer across the capital cities. CoreLogic’s National Auction Market Preview shows that number is down on the 2467 auctions held last week, but it’s still significantly higher than the 413 auctions run a year ago. Melbourne auction numbers are set to drop 23.6…
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Real Estate News
Preliminary clearance rate tops 80 per cent on the back of higher volume
The combined capital city preliminary clearance rate has risen to 80.5 per cent this week after volume bounced back from the Easter slowdown. CoreLogic reported 2448 homes were taken to auction this week. Over the week prior, a lower 2199 auctions were held with preliminary figures showing 79.4 per cent of homes sold. That success rate later revised down to…
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Real Estate News
REIWA predicts state’s property values to climb higher than first thought
The Real Estate Institute of Western Australian has revised its growth predictions for the state’s property market, with its new forecast tipping values will rise by 15 per cent this year.
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Real Estate News
CoreLogic data shows auction clearance rates hit 80 per cent
CoreLogic has released its Quarterly Auction Market Review, today, revealing Australia's combined capital cities clearance rate reached 80.0 per cent over the first quarter of 2021.
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Real Estate News
Would scrapping negative gearing lead to more affordable house prices?
House prices are back in the news, and out of control. In the past three months the median house price in Sydney has risen by more than A$100,000 to A$1.12 million.
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Real Estate News
CoreLogic data confirms national housing values hit new record high last month
Low mortgage rates, a rise in consumer sentiment and low listing volumes combined to propel national housing values to new record highs in March, according to CoreLogic’s latest Property Pulse report.
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Real Estate News
One in five first-time buyers considering crossing the border to enter property market
First-time homebuyers are increasingly looking outside their own back yards in an attempt to get a foothold in the property market, with many considering purchasing interstate, according to new research from comparison site Finder.
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Real Estate News
CoreLogic data reveals busiest Easter auction week on record
The weekend before the four-day break helped make for the highest-volume week of auctions in three years, but that didn’t stop buyers and sellers coming out in droves over the weekend for the busiest Easter week of activity on record.
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Real Estate Content
Balancing act: How do you expand regional centres without destroying their character?
With massive population growth in the regions over the past year, ensuring regional areas can sustainably expand without losing the character that made them attractive in the first place is often a difficult balancing act.
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Real Estate News
Expats are coming home to boost Australia’s already-soaring property market
Well-heeled expatriates returning to Australia are helping drive the nation’s booming property market to new highs, according to the Property Investment Professionals of Australia.
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Real Estate News
CoreLogic national home value index rises at fastest rate in more than 30 years
CoreLogic’s national home value index rose by 2.8 per cent in March, the fastest rate of appreciation in more than 30 years.
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Real Estate Content
Why isn’t there a big increase in tiny house living?
Heather Shearer, Research Fellow, Cities Research Institute, Griffith University and Paul Burton, Professor of Urban Management & Planning and Director, Cities Research Institute Griffith University, contributed this article to The Conversation. The original title was Loving the idea of tiny house living, even if you don’t live in one.
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Real Estate News
Melbourne’s property values reach new record high
Melbourne’s property values have reached a new record high, with figures showing prices have now surpassed their previous peak.
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Real Estate News
Clearance rate rises in busiest week of auctions since 2018
The busiest week of auctions since 2018 proved a major success, with the preliminary clearance rate sitting at 84.4 per cent after 3791 properties were taken to auction at the weekend. CoreLogic noted this is the highest volume of auctions since March 25, 2018 when 3990 capital city homes went under the hammer. It’s also a significant increase on last…
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Real Estate News
CoreLogic forecasting third-busiest auction week since 2008
Following a solid week of activity last week, CoreLogic is forecasting this week to be the third-busiest week for auction volumes across the combined capital cities since it began collecting auction data in 2008. There are 3380 properties scheduled to go under the hammer across the combined capital cities this week, which represents a 43 per cent increase on last…
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Real Estate News
CoreLogic report shows more gain than pain for resales in December quarter
There was an increase in the profitability of Australian real estate in the three months to December 2020, with almost 90 per cent of sales resulting in a gain, according to the latest CoreLogic Pain and Gain quarterly report.
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Real Estate News
Auction volume rising, clearance rate holds firm
It’s been the busiest auction week since April last year, and volume is set to increase again, with CoreLogic tipping a three-year auction volume high next Saturday when 3800 properties are slated to go under the hammer. Key auction market points Busiest week since April last yearPreliminary clearance rate: 82 per centSevere weather did little to impact Sydney marketSydney now…
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Real Estate News
The factors contributing to Adelaide’s property boom
A combination of historic low interest rates, comparative real estate affordability and South Australians returning from interstate and overseas are proving central factors in Adelaide's huge rise in property values over the past year, a leading South Australian property expert says.
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Real Estate News
REA Group appoints Chris Venter as Chief Technology Officer
REA Group has announced the appointment of Chris Venter to the role of Chief Technology Officer and a member of REA’s executive leadership team.
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Real Estate News
Houses the standout performers as auction volumes rise
Auction volumes rose across the combined capital cities this week, with 2232 homes taken to auction, marking the second highest number of weekly auctions this year.
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Real Estate News
Sydney property values reach new record high
Sydney property prices have hit a new record high, with CoreLogic reporting today that values have recovered to exceed their earlier 2017 peak.
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Elite Agent
Inner City Blues – What’s going on with rentals?
While things are looking a little brighter in 2021 there are still many hurdles to overcome. Kylie Dulhunty spoke to property managers about their experiences and sought their tips to help you move stock quickly. Property managers in inner Sydney and Melbourne could face further challenges this year, with falling unit rents and higher than normal vacancy rates continuing to…
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Elite Agent
Report finds fixing income equality key to addressing property ownership imbalance
A new report released by CoreLogic suggests addressing gender income equality could also help close the gender wealth gap as it pertains to real estate over time.
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Elite Agent
Clearance rate rises but volume lower as most states enjoy long weekend
The preliminary clearance has risen to 84.5 per cent on the back of lower volumes this week, courtesy of a long weekend in several states including Victoria. CoreLogic reports 1587 capital city homes were taken to auction this week. Of the 1311 results collected so far, 84.5 per cent have reportedly sold. This is an improvement on last week’s preliminary…
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Elite Agent
Perth listings at 10-year low after dipping below 8000 in February
Listings for home sales in Perth dropped to a 10-year low in February, with fewer than 8,000 properties listed for sale on reiwa.com in the West Australian capital at the end of last month.
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Elite Agent
Australian home values rise at fastest rate in 17 years
CoreLogic’s national home value index for February showed prices rose across each of the capital city and rest-of-state regions in February, demonstrating the breadth of the housing upswing.
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Elite Agent
Fourth week of auction preliminary clearance rate above 80 per cent
Auction volumes continue to climb across the capitals, with the preliminary clearance rate topping 80 per cent for the fourth consecutive week this year. CoreLogic reports there were 2451 homes taken to auction across the combined capital cities this week, up from 2128 over the previous week, although lower than this time last year when 3026 auctions were held. Of…
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Elite Agent
CoreLogic research reveals almost 9 per cent of Victorian properties at high risk of climate hazard
As part of its strategic partnership with global reinsurer Munich Re, CoreLogic International has analysed Victoria's residential property climate hazard and risk exposure.
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Elite Agent
Spike in demand leads to rise in construction costs according to CoreLogic figures
The cost of construction in Australia rose by 1 per cent over the December quarter, according to newly released figures from CoreLogic.
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Elite Agent
Clearance rate holds above 80 per cent, with volume set to skyrocket
Sydney has enjoyed its third consecutive week of an auction clearance rate above 80 per cent as national volumes continued to climb.
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Elite Agent
Inland Australia in vogue as rural areas record surge in house values
As large swathes of rural Australia emerge from long-running drought conditions, and the mining sector benefits from higher commodity prices and a lift in investment, many rural areas are recording a surge in housing prices.
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Elite Agent
Scarcity tipped to be a boon for Sydney market in 2021
Sydney’s property market has not only defied some of the dire predictions being talked about at the start of the pandemic, it has exceeded expectations, with many forecasting double-digit growth this year.
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Elite Agent
Auction clearance rate hits a high despite latest lockdown
The preliminary auction clearance rate has hit 86.1 per cent across the capitals this week as auction volumes continue to increase.
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Elite Agent
Panel uses logic to drill to the core of climate issues
Some of the Asia-Pacific’s brightest minds in climate change risk management met last week to discuss how the financial services industry can effectively identify, assess and manage climate-related risks.
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