Search Results for: Corelogic
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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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Elite Agent
Clearance rate tops 80 per cent with higher auction values
Auction markets have returned a strong result on higher volumes this week, with the combined capitals preliminary clearance rate holding above 80 per cent, and Sydney clocking up almost a 90 per cent success rate.
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Real Estate News
RBA leaves cash rate at record low
The Reserve Bank has left interest rates unchanged at its first meeting of the year, with the Board voting to keep the official cash rate at a record low of 0.1 per cent.
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Real Estate News
Perth now Australia’s fastest growing property market
Perth has become Australia’s fastest-growing major property market after the city’s home value index rose 1.6 per cent last month and 3.8 per cent compared to three months, according to CoreLogic data released yesterday.
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Elite Agent
Low rates and high values drive home lending to all-time high
Record-low interest rates and record-high property values have helped drive home lending to an all-time high, according to newly released figures.
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Elite Agent
Darwin, Perth and Hobart record strong growth in January
Australian house values reached a record new high during the start of 2021 - even surpassing pre-COVID levels, according to latest data from CoreLogic.
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Elite Agent
Auction activity picks up right where it left off
Capital city auction activity has ramped up after the seasonal slowdown, with 891 homes taken to auction this week resulting in a preliminary clearance rate above 80 per cent.
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INDUSTRY NEWS
The rental gap between houses and units continues to widen: CoreLogic
The COVID-19 pandemic has created diversity across the Australian rental market with international border closures and stalled immigration continuing to impact capital cities, according to CoreLogic RP Data.
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Elite Agent
Auction volumes up 44 per cent over December quarter
CoreLogic’s auction market review for the December quarter 2020 saw the combined capital city clearance rate continue to strengthen, while auction volumes increased by 44 per cent over the same period.
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Elite Agent
Hobart and regional Victorian homes lead the nation in profit-making sales
Hobart had the highest rate of profit-making re-sales of all capital cities over the September quarter, according to the most recent data from CoreLogic.
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Real Estate News
Record numbers of Aussies say now is a good time to buy
Optimistic home buying sentiment has reached a pre-pandemic high in Australia according to new research from Finder.
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Real Estate News
Momentum in Australia’s property market continues to build: CoreLogic
Core Logic's December data points to a strong 2021, with
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Elite Agent
Auction results indicate a race to the 2020 finish line
The final weekend of property auctions for 2020 proved there is still impetus and interest in the market, with this weekend's high volume matched by an equally impressive preliminary clearance rate. With the Christmas break now under way, Domain is the only source providing auction results. They have reported…
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Elite Agent
Best of the Best Report shows 2020’s biggest property market winners
CoreLogic’s Best of the Best 2020 Report reveals Australia’s $7.2 trillion residential real estate market proved remarkably resilient.
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Elite Agent
Auction activity shows no sign of a Christmas slump
Auction activity ramped up this week with CoreLogic reporting 2537 homes were taken to auction across the combined capital cities.
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Real Estate News
Auctions clock 75.1 per cent preliminary success rate
The preliminary clearance rate is sitting at 75.1 per cent after a weekend that saw 2065 auctions held across the capitals. CoreLogic notes the volume is down slightly on the week prior when 2168 auctions were held, but the initial success rate has risen from last week’s 73.9 per cent,…
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Real Estate News
Australia’s housing market continues the recovery trend: CoreLogic
Australia's housing market continued along a recovery trend through November. CoreLogic’s national index recorded a second consecutive monthly rise in November, with dwelling values up 0.8% over the month. The new recovery trend follows a 2.1% drop in Australian home values between April and September.According to CoreLogic’s Head of Research,…
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Real Estate News
Cash rate not expected to lift for three years
"From a housing market perspective, home buyers are clearly responding to the unprecedented levels of stimulus available," Â With interest rates set to remain at these record lows for an extended period of time, attention is already focusing on how to manage associated risks of an 'over-heated' housing market while at…
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Real Estate News
Melbourne overtakes Sydney as busiest auction market
The preliminary clearance rate has held firm, keeping pace with a rise in auction volumes this weekend as Melbourne overtook Sydney to become the busiest capital. This week CoreLogic reports 2155 homes were scheduled for auction across the combined capital cities, up from 1803 the week prior. Of the 1763…
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Elite Agent
Market update: Which regional areas are on the rise?
The CoreLogic Regional Market Update, which looks at capital growth over the 12 months to October in Australia's 25 largest non-capital city markets, saw Tasmania's Launceston & North East region remain the top performer for houses for the third consecutive quarter (10.5 per cent). However, the thriving Tassie region lost…
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Real Estate News
Auction volume surges to early April levels, clearance rate keeps pace
The preliminary auction clearance rate has reduced a little this week, coming in at 73.6 per cent, after 1791 homes were scheduled for auction across the capitals. The volume is a slight increase on the week prior when 1728 properties were taken to auction, and marks the highest number of auctions since the week ending April 5. CoreLogic notes of…
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Elite Agent
Over three-quarters of auctions successful this week
The preliminary clearance rate has come in at a healthy 75.1 per cent this week after 1739 properties were taken to auction across the capitals. This volume is sightly lower than last week and significantly less than the same period last year, with Melbourne’s auction numbers yet to return to…
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Elite Agent
Mortgages cheaper than rents in over half of Australian suburbs
A new report from Aussie and CoreLogic shows that it is cheaper to pay down a mortgage than to pay rent on a comparable property in over half of Australia's suburbs.
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INDUSTRY NEWS
Clearance rate holds firm as volume continues to increase
The preliminary clearance rate continues to hold firm, reaching 73.2 per cent on the back of higher volume this week, with CoreLogic noting there appears to be momentum building in the property market. Their data indicates 1758 homes were taken to auction across the combined capital cities this week, which is slightly higher than the previous week when 1747 auctions…
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Real Estate News
Cash rate cut will improve housing affordability – if banks get on board
The RBA's decision to cut the official interest rate to a historical low of 0.10 per cent will improve housing affordability.
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Elite Agent
Australian housing values are rising, after five months of declines
Following what CoreLogic refer to as "five months of consistent declines in residential property values", the national home value index is now showing positive month-on-month growth through October, posting a 0.4% rise in housing values.
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Real Estate News
Clearance rate at highest point since pre-pandemic
The preliminary clearance rate has hit its highest peak since the start of the coronavirus pandemic, coming in at 77 per cent on the back of volume that has exceeded both last week and last year. This week, CoreLogic notes 1757 homes were taken to auction across the combined capital…
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