Search Results for: Corelogic
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Real Estate Content
CoreLogic partners with innovation program RealTechX
CoreLogic has today announced its backing of emerging technology businesses in real estate through Taronga Ventures' RealTechX program. CoreLogic Executive and Head of Product, Tim Jenner, says the partnership hits a sweet spot for the business at just the right time. Mr Jenner said "The world's moving fast from a…
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INDUSTRY NEWS
Auction markets continue to strengthen
As Victoria returns to in-person auctions, the market is gaining moment, with a surge in Melbourne listings contributing to 1456 capital city homes taken to auction this week. The figure is the highest volume of auctions seen since early April, while the clearance rate also proved strong, with preliminary data…
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Elite Agent
Melbourne overtakes Sydney in new property listings
Since private inspections started back up again in Melbourne towards the end of last month, a flood of new listings have entered the marketplace.
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Real Estate News
Why more housing stimulus will be needed to sustain recovery
In response to the COVID-19 recession, federal, state and territory governments quickly provided support to the housing industry for two reasons. First, to safeguard jobs and, second, because investment in the housing and construction industries has a high economic multiplier effect. However, new research released today shows further housing stimulus measures will be essential to help drive an economic recovery into 2021…
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Real Estate News
Auction clearance rates strengthen as Melbourne activity ramps up
Auction clearance rates strengthen as Melbourne activity ramps up The combined capital city preliminary auction clearance rate hit 72.4 per cent this week as volumes rose across the capitals. CoreLogic reports 1134 homes taken to auction this weekend, up from the 1084 auctions held last week. Of the 878 results…
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Elite Agent
Property investment falls to a record low
As with a lot of things, the levels of property investment in the Australian housing market crashed during COVID.
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Thought Leaders Podcast
How to effectively nurture leads in your real estate CRM: Trevor Bragg
This episode of the Elevate podcast is brought to you by Connect Now “Automation won’t do everything for you. You still have to make those calls. And that’s the thing, there is a balance with automation. ” Learn how implementing the best CRM (Customer Relationship Management) technology for your business can…
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Elite Agent
New Zealand sees flood of first home buyers over September quarter
First Home Buyers made up a quarter of the total property purchases in New Zealand during the September quarter, according to figures from CoreLogic.
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Brand Editorial
5 principles to make change stick
If you’ve ever wondered why it’s hard to make a change in your agency, or why innovation and tech adoption seems to lag in the real estate sector, it might be a problem of scale. Real estate constitutes Australia’s largest market, worth about $7.1 trillion, with the next largest being superannuation at $2.1 trillion. CoreLogic data shows residential sales this…
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Real Estate News
Clearance rate climbs to 71.5 per cent
The combined capital city preliminary auction clearance rate increased to 71.5 per cent across a higher volume of auctions this week. CoreLogic reports there were 1090 homes taken to auction over the week, up from 648 over the previous week although significantly lower than this time last year (2,022). “Of the 822 results collected so far, 71.5 per cent were…
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Real Estate News
Many properties to sell at a loss as mortgage holidays end
The latest CoreLogic Pain and Gain report suggests that loss-making sales of distressed properties are expected to soar during this quarter.
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Real Estate News
Clearance rate down slightly as volume decreases due to long weekend
Clearance rate down slightly as volume decreases due to long weekend Auction volumes were lower this weekend, as much of Australia enjoyed a public holiday, and that saw the clearance rate also slip marginally to just under 70 per cent CoreLogic reports 657 homes were taken to auction, down from…
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Real Estate News
Belle Property expands Victorian footprint with three new offices
Belle Property has launched three new offices in Victoria. Belle Property Daylesford, helmed by Principals Will Walton and Peter Douglas, has launched into Trentham, extending the brand’s reach across the Hepburn Shire region. Meanwhile industry veteran Peter Julian has opened two offices servicing the Surf Coast region with Belle Property Geelong and Belle Property Torquay. Dovetailing with lockdown restrictions easing…
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Elite Agent
Melbourne and Sydney drag down an otherwise strong September
September saw an impressive turnaround for housing sentiment across six of the eight capital cities, with an increase in home values, a rise in new listings, and consumer confidence back where it should be.
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Elite Agent
Queensland’s property market defies pandemic predictions
Queensland’s real estate market has overcome predictions of property price falls as a result of the COVID-19 pandemic.
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Elite Agent
Houses v units: the risk gap for investors widens further
The difference between buying a house and buying a unit rental property has never been more pronounced, according to RiskWise Property Research.
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INDUSTRY NEWS
Auction clearance rate holds above 70 per cent
The preliminary clearance rate continues to defy expectations, holding above 70 per cent for the second week in a row. Hot on the heels of the highest preliminary clearance rate since the beginning of the pandemic last week, this week 70.5 per cent of the auctions so far reported appear…
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Elite Agent
Highest preliminary clearance rate since March
With Melbourne still out of the picture, the remaining capitals have clocked up their highest combined preliminary clearance rate since March, coming in at 72.4 per cent. This is well above last week’s preliminary success rate of 67.3 per cent, which later revised down to 63.0 per cent at final figures, while CoreLogic notes this time last year, a final…
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Real Estate News
Auction results highlight Melbourne’s pain
The lockdown toll is being felt across the Melbourne auction market, with CoreLogic reporting a clearance rate of 27.3 per cent this week after three of the 14 homes listed for auction at the weekend sold prior, and eight were withdrawn. Domain had similar figures, reporting a clearance rate of zero per cent after 10 homes were listed for auction,…
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Real Estate News
LJ Hooker Avnu launches real-time real estate report
LJ Hooker Avnu has released Australia’s first real-time real estate report, providing both property price and rental price estimates to assist homeowners in making an informed decision about when it could be the best time for them to sell what is often their greatest asset – their home. The report updates with the latest data compared to many reports that…
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Real Estate News
Lower auction volume, but clearance rate stable
This week, the combined capital city preliminary auction clearance rate was down only slightly to 67.5 per cent across a lower volume of auctions. CoreLogic figures indicate there were 882 homes taken to auction over the week, down from 1128 the previous week and 1533 this time last year. Of the 696 results collected so far, 67.5 per cent were…
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Elite Agent
Only 30 auctions expected this week for Melbourne
Auction activity has taken a hit across the combined capital cities this week, as Melbourne enters its fifth week of Stage 4 lockdowns. The city will hold only 30 auctions, down from 765 auctions this time last week. CoreLogic are tracking 937 auctions in total across the capital cities this week, down from both last week’s 1128 and the 1533…
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Elite Agent
WA rental properties leasing two weeks faster in August
August data from the Real Estate Institute of WA (REIWA) indicates it took a median of 21 days to lease a property in Greater Perth. The swift turnaround time is 13 days less than the same time last year and the shortest time to lease since the construction phase of the last mining boom in February 2015. REIWA President Damian…
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Elite Agent
RBA takes hold and hope approach
The Reserve Bank of Australia (RBA) has left the official cash rate on hold at 0.25 per cent as the nation’s economy continues to feel the fallout of COVID-19. Noting the economy is grappling with the “biggest contraction since the 1930s” RBA Governor Philip Lowe said his board was committed to doing what it could to support jobs, incomes and…
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Real Estate News
Rate of home value decline eases
Australian home values have recorded their fourth month of COVID-induced decline, with the CoreLogic home value index dropping a further 0.4 per cent in August. Although the overall figure highlights a downward trend, CoreLogic notes the fall is not consistent across the board with some areas faring far better than others. “…at least from a macro perspective, the rate of…
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Elite Agent
Clearance rate continues to climb in conjunction with higher volume
The national preliminary clearance rate has risen to 67.7 per cent after a higher volume of auctions across the capitals this weekend. Sydney led the charge with a preliminary clearance rate of 74 per cent, while Melbourne returned a success rate of 49.6 per cent on the back of high withdrawal numbers. CoreLogic reports 1163 homes were taken to auction…
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Elite Agent
New online tool helps estimate reno costs
If you’ve been watching The Block recently, you may have noticed that Suncorp and CoreLogic are both among the sponsors. The pair have teamed up to launch a new renovation calculator, aimed at helping those inspired by The Block work out the cost of home renovations, according to the room, renovation type, and particular suburb you are renovating in. The…
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Elite Agent
Hammer falls on another steady auction week
While Melbourne continues to fluctuate, Sydney’s preliminary clearance rate is on the rise, this week coming in at 71.9 per cent, while the national success rate held steady at 64.7 per cent. CoreLogic reports 1082…
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Elite Agent
Illawarra, Launceston, and Ballarat the hottest regional markets
CoreLogic’s latest quarterly regional review analysed 25 of Australia’s largest non-capital cities, and while people seem to be leaving the capitals in droves, elsewhere in Australia there is a far more rosy outlook. Illawarra has recorded both the largest rise in housing values, and the biggest jump in home sales over the past 12 months. Illawarra’s annual growth rate sits…
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INDUSTRY NEWS
Auction clearance rate holding firm
The preliminary auction clearance is holding firm, with the capital cities this week returning a success rate of 64.3 per cent on the back of slightly lower volume. This week CoreLogic reports 1042 properties were…
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Elite Agent
Queenstown rents take a hit as tourism dries up
As average rent prices climb across New Zealand in spite of the pandemic, tourist town Queenstown has seen its rent prices plummet by 10 per cent since the same time last year. According to MBIE’s data, average rents for NZ rose by 4.8 per cent in the three months to June since the previous year. Surprisingly, rent prices in many…
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Real Estate News
Auction clearance rates buoyed by a strong preliminary result across Melbourne
Auction clearance rates buoyed by a strong preliminary result across Melbourne This week’s preliminary clearance rate has come in at 65.9 per cent on the back of higher volumes than both last week and last…
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Elite Agent
Housing values drop for a third month in a row
Australian housing values have suffered a third consecutive month of declines. CoreLogic’s home value index dropped 0.6 per cent over July, an ever-so-slight improvement from June’s 0.7 per cent drop, but a drop all the same. CoreLogic’s head of research, Tim Lawless, explains: “The impact from COVID-19 on housing values has been orderly to-date, with CoreLogic’s national index falling only…
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Real Estate News
Clearance rate rises on the back of lower volumes and fewer withdrawals
The combined capital city preliminary clearance rate improved this week, coming in at 65.3 per cent on the back of lower auction volumes. CoreLogic reports 1162 properties were taken to auction at the weekend with…
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Elite Agent
Rent hikes ‘inevitable’ as vacancy rates soar
While the latest CoreLogic figures show that rental prices dropped by half a per cent nationally during the June quarter, projections suggest that a hike of rent prices is inevitable. The national vacancy rate fell to 2.2 per cent over June, according to SQM research, with Propertyology finding that only four of the 52 largest cities and towns in Australia…
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