Search Results for: Corelogic
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INDUSTRY NEWS
Vacant land lot prices increasing and creating housing affordability issues: HIA
“Land price increases in Australia are unrelenting,” HIA Senior Economist Shane Garrett said. “The substantial increase in the price of residential land continues to be the single biggest factor behind recent deteriorations in housing affordability,” Mr Garrett said. The HIA-CoreLogic Residential Land Report shows that a typical vacant lot of land for housing increased in price by 2.1 per cent…
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FRANCHISE NEWS
Di Jones inaugural annual market report says Sydney market still strong
The data is produced in partnership with CoreLogic and shows Sydney’s median dwelling price has increased 12.2 per cent over the past 12 months (July 2016-June 2017) and it was the fifth successive year in which dwelling values rose. “However the final quarter in this 12-month period saw only a slight increase in dwelling values, up by 0.8 per cent,…
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Real Estate News
Corelogic launches new generation Hedonic Index
CoreLogic, has launched its new-generation Hedonic Home Value Index using updated methodologies and processes to provide insights into housing market conditions across the regions of Australia. The upgraded Index, which will continue to be published on the first business day of each month, combines a property’s key attributes, such as land area, number of bedrooms, bathrooms and car spaces, with…
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SUPPLIER NEWS
BRICKX Arrives in Adelaide with Bricks from $74
CEO Anthony Millet is pleased to offer investors continuing diversity and an alternative to the Sydney and Melbourne property markets. “We are thrilled to be expanding into Adelaide; our third capital city since launching in September 2016 and our 14th property,” Mr Millet said. BRICKX properties are each put into an individual trust and split into 10,000 units or “Bricks”.…
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Real Estate News
Auction volumes at their highest levels in 12 weeks
National auction clearance results for the week ending 27/08/2017 courtesy of CoreLogic Over the corresponding week last year, the clearance rate was 74.5 percent and 2,153 auctions were held. It is expected as more results are collected that the final auction clearance rate will revise lower to remain within the high 60 percent range, where clearance rates have been tracking since early…
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Real Estate News
CoreLogic Property Pulse 24 August: Housing turnover remains low
Housing turnover remains low despite strong selling conditions in Sydney and Melbourne, according to latest CoreLogic data. CoreLogic data confirms over the 12 months to May 2017 only 4.8 per cent of all houses nationally actually sold, highlighting just how little stock sells in a given 12-month period. Across house sales over the past 12 months, Tasmania recorded the highest…
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Real Estate News
Preliminary clearance rate increases to 71.7 percent, while auction volumes remain steady
National auction clearance results for the week ending 20/08/2017 courtesy of CoreLogic Volumes continue to track higher than what was seen over the corresponding July-August period last year. Across the two largest markets, Melbourne’s preliminary clearance rate rose this week (77.7 percent), after last week’s final results saw a weakening in the rate of clearance, falling below 70 percent for the first…
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Real Estate News
Real Estate Bookings Launches REBconnect
The Real Estate Bookings platform captures buyer and tenant enquiries from a range of online channels. The platform integrates with Facebook, Instagram, property websites and real estate portals. This data can now be used to directly remarket listings to in-the-market buyers via social media. Combining this with other data sources, such as CoreLogic, Acxiom and Quantium, means every property advertisement…
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INDUSTRY NEWS
CoreLogic Property Pulse: housing stock under $400k declines
New research by CoreLogic shows properties in the $400,000 price bracket have declined. The research shows that across Australia, 31.2% of houses and 37.3% of units sold transacted for less than $400,000. By comparison, a year ago the proportions were recorded at 32.8% for houses and 38.6% for units. A decade ago, 62.4% of all house sales and 68.9% of…
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Real Estate News
Auction volumes highest they’ve been for 6 weeks with a low 70’s clearance rate.
National auction clearance results for the week ending 13/08/2017 courtesy of CoreLogic This was the largest number of auctions held since the last week of June 2017 and approximately one third higher compared with the same week a year ago. However, as more results are collected it is expected that the final auction clearance rate will be revised lower to remain within…
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FRANCHISE NEWS
Harcourts Group Australia Continues Market Share Growth
With an estimated market value in third position overall against all real estate groups nationally, Harcourts was the only national group amongst the top five to have effected an increase in market value over the past quarter reporting, according to CoreLogic. According to a release supplied by the company, of the seven states in which the national real estate franchise network…
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Real Estate News
CoreLogic Property Pulse and auctions 10 August 2017 – Million Dollar Sales at Record Levels
Research by analyst Cameron Kusher shows that the cost of housing has continued to rise in most parts of the country over the past 12 months. He said, “Bracket creep should come as no surprise in markets like Sydney and Melbourne, where dwelling values have increased by 77 per cent and 61 per cent respectively over the past five years.…
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CUSTOMER SERVICE
7 Habits Of Highly Unpopular Agents: Kylie Davis
Why do real estate agents have a poor professional reputation? The truth can be found in the fact that, while agents are paid for by the vendor, they also service buyers. But without a financial incentive to excel, it’s buyers who have some of the worst experiences and who then delight in telling their friends. The CoreLogic Buyer Perceptions of…
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Real Estate News
Auction volumes were down in the first week of August however preliminary clearance rate was higher
National auction clearance results for the week ending 06/08/2017 courtesy of CoreLogic The preliminary auction clearance rose to 71.5 percent, after last week saw the final auction clearance rate fall slightly to 68.7 percent (revised lower from a preliminary clearance of 70.7%). Over the last month, auction volumes have remained relatively steady and while clearance rates have shown a softening, final results…
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INDUSTRY NEWS
CoreLogic home value index shows house prices jumped 1.5 per cent across capital cities in July
Melbourne house prices jumped 3.1 per cent in July and have been the key driver in the 1.5 per cent increase in combined capital city dwelling values for the month. CoreLogic’s latest home value index shows house prices rose in Sydney by 1.4 per cent, while Canberra prices jumped by 2.4 per cent but fell in Brisbane (-0.6%), Perth (-1.3%)…
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Real Estate News
Auction volumes continue to increase as preliminary clearance rate scrapes above 70%
National auction clearance results for the week ending 30/07/2017 courtesy of CoreLogic Auction clearance rates have seen a slight improvement across the combined capital cities over the month of July, with the final clearance rate over the last two weeks just falling short of the 70 percent mark. Auction volumes were higher this week with 1,957 homes taken to auction across the…
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INDUSTRY NEWS
CoreLogic Property Pulse and auctions 27 July 2017 – renting on the rise and homeownership declining
CoreLogic research analyst Cameron Kusher said analysis of recent Census results show the proportion of properties rented has been trending higher, increasing from 29.6% at the time of the 2011 Census and 27.2% at the time of the 2006 Census to reach 30.9% of all dwellings in 2016. “While the proportion of dwellings being rented is climbing, the proportion of…
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Real Estate News
REIWA partners with CoreLogic to provide recent WA sale data
A new partnership between REIWA and CoreLogic means the recent sales results reported on reiwa.com will now appear within RP Data Professional, giving agents access to accurate data within one of Australia’s best property data and analytic platforms. CoreLogic CEO Lisa Claes said the partnership was in works for a number of years. “We are absolutely delighted that now our…
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Real Estate News
Harcourts reports record $98 million in June sales in Tasmania
Interstate buyers and the demand for prestige properties have boosted sales in Tasmania, with Harcourts Group reporting a record $98.1 million in sales during June. “It was our biggest month ever, and represents an increase of almost three per cent over our previous record month,” said Harcourts Tasmania CEO Tony Morrison. “There have been some significant residential sales to attribute…
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INDUSTRY NEWS
New listings higher than year ago while total listings lower: CoreLogic
The number of new listings is higher than a year ago but the total number of listings is lower, according to CoreLogic data. The number of properties advertised for sale is now showing substantial differences between regional and capital city markets, as well as between individual capital cities. Research analyst Cameron Kusher noted that comparing the capital city and national…
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Real Estate News
Raine and Horne: Baby boomer demand for apartments could change Adelaide real estate
Baby boomer demand for apartments could change the face of Adelaide real estate, according to Raine & Horne. South Australians’ preference for detached housing is reflected in recent research showing the capital city values have grown consistently since June 2016, with detached housing values increased by 3.1% compared to a modest 0.3% for apartments, according to CoreLogic. However, baby boomers…
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Real Estate News
CoreLogic Property Pulse: How did the housing market perform over the financial year?
Research by CoreLogic has confirmed that over the past 20 financial years combined capital city dwelling values fell just twice. Over the last twelve months, CoreLogic found that combined capital city dwelling values increased by 9.6 per cent, which was actually greater than the 8.3 per cent rise over the 2015-16 financial year. According to research analyst Cameron Kusher, combined…
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Real Estate News
Auction volumes lower with 1600 properties taken to auction, returning a stronger preliminary clearance rate of 72.4 percent
The number of homes taken to auction across the capital cities has fallen for the 4th week in a row, with just 1,612 auctions held this week, down from 1,766 last week, although higher than this time last year when 1,391 properties went under the hammer. National auction clearance results for the week ending 16/07/2017 courtesy of CoreLogic The combined capital city…
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Real Estate News
Auction volumes continue downward trend returning a preliminary clearance rate of 70.7 percent
The combined capital city preliminary clearance rate increased to 70.7 percent this week, up from 67.3 percent last week, while auction volumes fell week-on-week. There were 1,751 properties taken to auction this week, down from 2,001 last week. National auction clearance results for the week ending 09/07/2017 courtesy of CoreLogic Auction volumes were higher than this time last year when 1,399 auctions…
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Real Estate News
Core Logic Weekly Wrap – Census Data and Housing Supply
As our population continues to grow, so too does our need for more housing. The 2016 Census housing data shows an increase in housing stock between 2011 and 2016, and how the types of housing being built in capital cities have changed over those years. Despite being in the midst of a nationwide dwellings construction boom over recent years, the…
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SA Real Estate News
Ouwens Casserly ‘orange stars’ shine bright in sales and customer service
Girl power seemed to be the name of the game in the Ouwens Casserly Real Estate EOFY Awards held recently, with Cynthia Sajkunovic taking out the coveted number one agent spot. Director Alexander Ouwens said the awards reflect the customer-service focus of Ouwens Casserly rather than focusing simply on numbers and dollar figures. “As directors, the awards we hold most…
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INDUSTRY NEWS
Core Logic Home Value Index June 2017
Capital city dwelling values rise 0.8% over June quarter, the slowest quarterly growth rate since dwelling values fell over December 2015 quarter. Despite a seasonally strong result over the month of June, the CoreLogic Hedonic Home Value series shows that momentum of capital gains over the second quarter of 2017 is losing steam. Highlights over the three months to June…
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Real Estate News
Auction volumes fall below 2,000 across the capital cities returning a preliminary clearance rate of 70.3 percent
The combined capital city preliminary clearance rate increased to 70.3 percent this week, up from last week, when the final results saw the clearance rate fall to 66.5 percent, the lowest clearance rate since June 2016. National auction clearance results for the week ending 02/07/2017 courtesy of CoreLogic Auction clearance rates have been trending lower since reaching a peak at the end of…
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INDUSTRY NEWS
CoreLogic weekly wrap up – NSW and Victoria remain most popular states for migration
Demographic data released this week from the Australian Bureau of Statistics (ABS) shows a rapid rate of population growth driven by migration. Overseas and interstate migration remained the key drivers for population growth, in turn driving housing demand, according to CoreLogic research analyst Cameron Kusher. “Whereas natural increase removes older people and adds younger people, interstate migration and overseas immigration…
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Elite Agent
The Power of Agents: Kylie Davis
If you want to stand out from the crowd of real estate agents, focus on the value of your relationships. While many speakers at the AREC 2017 conference focused on systems, processes and goal setting for winning transactions, speakers like Leonard Steinberg, the ‘gentleman’ broker of New York, and Charles Touma from BresicWhitney explained their success had been created by…
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Real Estate News
Pain and Gain: The Best and Worst in the March Quarter
According to the CoreLogic Pain & Gain March 2017 quarter report, nine out of 10 people (90.4%) who re-sold a property during the March 2017 quarter earned themselves a profit. Report Highlights 9.6% of dwellings sold for less than their previous purchase price over the first quarter of 2017. Proportion of dwellings selling for less than the previous purchase price…
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Real Estate News
Clearance rates continue to trend below 70 percent across the combined capitals on similar volumes as last week.
There have been 1,840 capital city auction results reported to CoreLogic so far this week, resulting in a preliminary auction clearance rate of 69.1 percent across the combined capital cities. There were a total of 2,323 capital city auctions held this week, down from the 2,444 held last week. National auction clearance results for the week ending 25/06/2017 courtesy of CoreLogic This…
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Real Estate News
Values Increasing Faster than Outstanding Debt: Tim Lawless
The number of properties mortgaged is climbing, however, values are increasing faster than outstanding debt, says CoreLogic’s Tim Lawless. Last week, the Australian Bureau of Statistics (ABS) released its residential property prices indexes for the March 2017 quarter. A valuable data set from the release relates to the value of dwelling stock and the number of residential dwellings. Both of…
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Real Estate News
Brickx bursts into Brunswick West with Bricks from $99
Australians can now invest in a house in Brunswick West from $99 with Brickx. CEO Anthony Millet expects this latest offering in Melbourne to be popular with investors further adding to the current Melbourne portfolio of Prahran and Port Melbourne. “We’re thrilled to provide access to such a stunningly transformed terrace at an affordable entry price of just under $100,”…
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Real Estate News
Tasmanian agent beats Victorian rivals to win top franchise awards
Century 21’s first Tasmanian office in Devonport has beaten all of the group’s Victorian offices and taken out two top sales awards. Director of Century 21 Leslie and Banks, James Leslie, achieved two top awards at the network’s quarterly awards ceremony in Victoria including ranking as the first quarter’s Top Selling Principal for the most properties sold. James Leslie, who…
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