Search Results for: Corelogic
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INDUSTRY NEWS
National auction volumes close to record high while preliminary clearance rates continue to run hot
Australia’s largest auction markets are continuing to run hot, with CoreLogic’s preliminary auction clearance rate nudging higher over the week, while the number of auctions held surges to the second highest weekly level over the year to date National auction clearance results for the week ending 26/03/2017 courtesy of CoreLogic The amount of auction activity across the capital cities increased this week,…
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Transform
Transform 2017 Week 3A Kylie Davis: What Buyers Really Want, Creating Constant Referrals
Here are the highlights from our Super Six session with CoreLogic’s Head of Property Services Marketing, Kylie Davis. Coach: Kylie Davis Note: You can download a copy of the Buyer Perceptions of Real Estate Agents report here. Key Points The relationship between agents and buyers in statistics The importance of buyer care How to keep creating constant referrals Quote “25% of…
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INDUSTRY NEWS
Preliminary clearance rate and auction volumes increase across the combined capital cities
Preliminary clearance rate and auction volumes increase across the combined capital cities National auction clearance results for the week ending 19/03/2017 courtesy of CoreLogic The capital city clearance rate increased this week, with preliminary results showing that 76.2 percent of reported auctions across the combined capital cities were successful, compared to 75.1 percent last week and 68.8 percent one year ago. Auction…
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INDUSTRY NEWS
Capital city preliminary auction clearance rate rises to 80.8 percent on half the volume
Capital city preliminary clearance rate rises to 80.8 percent, with auction activity across the capitals significantly lower National auction clearance results for the week ending 12/03/2017 courtesy of CoreLogic This week 1,402 auctions were held across the combined capital cities, significantly lower than the 2,907 held last week and lower than one year ago (1,488). Four out of the eight states and…
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Real Estate News
REIA: Renters Forgotten Victims of Negative Gearing Reforms
Changes to negative gearing policy would drive up rents and affect the most vulnerable people in the community, according to the Real Estate Institute of Australia (REIA). REIA president Malcolm Gunning said political gamesmanship had seen the plight of first homebuyers, low-income earners and other renters forgotten in the debate around reforms to negative gearing. “One of the primary beneficiaries…
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Elite Agent
The interest rate decision and blaming the Kardashians for an impending economic crisis in Australia
The interest rate hold yesterday shows signs of a weak domestic economy, with household debt levels a significant factor. According to CoreLogic, the ratio of household debt to disposable income is at a record high of 186.9 percent. In other words, for every $100 we have to spend (after bills), we are spending $186.90! At that level, it is clear…
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Real Estate News
Connect Overseas Buyers with Video
According to CoreLogic and the Australian Property Council, in 2016 more than 23 per cent of Australian properties were sold to foreign buyers. That’s a $61 billion market you should be part of! Your ability to use video to market to foreign buyers more effectively can be a big selling point in your next listing presentation – particularly if your…
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National
Household debts likely to stand in the way of rate hikes: Core Logic
CoreLogic Property Pulse research analyst Cameron Kusher has a strong inkling that the Reserve Bank of Australia (RBA) would not be increasing its interest rate in the short term due to record high levels of household debt filed by the Australian public. Kusher said RBA governor Philip Lowe suggested last week that if it weren’t for the strength of the…
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National
Auction clearance results continue their strong run into March after record February
Auction results continue their strong run into March, with Sydney and Melbourne recording an 80% clearance rate over the first week of the month National auction clearance results for the week ending 05/03/2017 courtesy of CoreLogic After recording the strongest result since June 2015 last week, the preliminary clearance rate across the combined capital cities fell slightly this week, from 78.4 percent…
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Brand Editorial
Big Data and the Future of Prospecting
WE LIVE IN AN AGE OF consumerism, where potential clients have more information about choosing an agent than ever. But it is also true that we can access a whole lot more information that enables us to be smarter at marketing to them. Together with CoreLogic Australia, Elite Agent Magazine gathered an expert panel to share insights as to how…
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Brand Editorial
Digital and Big Data – What Do They Really Mean?
THERE ARE TWO BROAD CONCEPTS which we need to understand to follow what’s occurring in real estate and other industries right now. Samantha McLean of Elite Agent Magazine starts by defining the terms and explaining their significance. ‘DIGITAL’: HOW WE CAN ENGAGE WITH CUSTOMERS ‘Digital’ means different things to different people. For some it’s purely about technology; for others it…
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Brand Editorial
Join the digital revolution and reap the benefits: Lisa Claes
YOU’D BE HARD PRESSED to interact with any major service provider these days without being presented with some kind of digital offering as part of the ‘customer experience’. Lisa Claes explains how to join the digital revolution and reap the benefits for your agency. Whether it’s online shop fronts, downloadable information or mobile apps, digital technology has progressively filtered its…
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Real Estate News
Foreign investors leaving investment properties vacant
The full impact of foreign investment on Australia’s housing crisis is yet to be seen across the Eastern seaboard according to Douglas Driscoll, CEO of Starr Partners. Scores of foreign investors are acquiring property in desirable metropolitan areas only to leave them uninhabited, estimating the number of unoccupied dwellings in Sydney to be more than 200,000.We know that the current affordability…
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INDUSTRY NEWS
Capital city dwelling values rises by 1.4 percent in February: Core Logic
CoreLogic’s monthly Hedonic Home Value Index has reported a 1.4 percent rise in the value of capital city dwellings in February. The strong capital gain over February was led by Canberra (+3.2 percent) and Sydney (+2.6 percent), with Melbourne (+1.5 percent) and Hobart (+1 percent) also returning significant increases. In contrast, dwelling values were down over the month across Darwin…
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National
Auction volumes reach all time record high for month of February
Auction clearance rates reach the highest level over the calendar year to date as auction volumes reach a record high for February, with 3,232 auctions held across the combined capital cities. National auction clearance results for the week ending 26/02/2017 courtesy of CoreLogic Across the combined capital cities this week, the number of properties taken to auction increased dramatically, with 3,232 auctions…
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Real Estate News
Land Sales Recover, As Prices Rise Says HIA and CoreLogic Latest Report
The latest Housing Industry Association (HIA), CoreLogic Residential Land Report has revealed that residential land sales have increased for the second consecutive quarter as prices reached a new high during the three months to period ending September 2016. HIA senior economist, Shane Garrett said during the quarter, the volume of land sales increased by 1,121 lots compared with the June…
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National
Auction volumes surge past 2000 across the country for the first time in 2017
Auction volumes surge past 2,000 for the first time this year across Australia’s combined capital cities, with CoreLogic’s preliminary clearance rate reaching 77 percent. National auction clearance results for the week ending 19/02/2017 courtesy of CoreLogic The combined capital city preliminary clearance rate remained in the high 70 percent range over the week, despite auction volumes reaching the highest level so far this…
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Elite Agent
8 Real Estate Resolutions to Deliver Great Customer Service
New research shows that delivering great customer service to vendors and buyers can turbocharge your real estate business by increasing referrals and creating customers for life. Kylie Davis suggests some practical resolutions to ensure you see benefits of adequately serving both groups. The Consumer Perceptions of Real Estate Agents research from CoreLogic identifies that 36 per cent of sellers would…
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National
Preliminary clearance rates surges to 76.6% as auction numbers trend higher
It has been a strong week for auction activity across the capital cities, with the number of auctions more than doubling compared with last week in Sydney and Melbourne. National auction clearance results for the week ending 12/02/2017 courtesy of CoreLogic Despite the surge in the number of auctions held, the combined capitals regions recorded a preliminary auction clearance rate of 76.6 percent,…
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INDUSTRY NEWS
Where do properties sell fastest in Australia, CoreLogic Property Pulse
Melbourne properties sell the fastest of any capital city according to CoreLogic’s latest Property Pulse Market Update report. Melbourne dwellings took an average of 35 days to sell in December 2015 with the figure falling to an historic low of 29 days at the end of 2016 while the typical Sydney dwelling sold after an average of 33 days in…
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National
Auction volumes double over the week, coming out of the seasonal slowdown
National auction clearance results week ending 05/01/2017 The auction market will start to gather momentum coming into February after the seasonal slowdown over the holiday period, with auction numbers doubling over the week across the combined capital cities. There were 867 auctions being tracked by CoreLogic this week, with a preliminary clearance rate of 70.8 percent, compared to last week’s…
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Brand Editorial
To New Beginnings: Console to Launch Cloud Product in March Under New CEO Tim Molloy
Tim Molloy is no stranger to growing businesses, knowing as he does how almost any industry can be transformed through technology. Now, as the CEO of Console, he is taking a close look at how to make the role of the property manager more productive and efficient using the ‘new’ Console as a vehicle for change. Samantha McLean spoke exclusively…
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Real Estate News
Veteran developer Harry Triguboff believes apartment prices may rise this year
The increase in house values in Sydney will only produce a flow-on effect on for apartment prices for the year said veteran developer and Meriton group founder Harry Triguboff. Triguboff who has built more than 70,000 apartments to date said that high house prices were driving demand for apartments from owner-occupiers and tenants, resulting in stronger than expected gains already…
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Real Estate News
QLD Treasurer Rejects REIQ Proposal to Broaden the First Home Buyer Scheme
The Real Estate Institute of Queensland (REIQ) has publicly recorded its disappointment in the State Government that they would not be broadening their first buyer home grant to established homes. REIQ chief Antonia Mercorella said this was evidence that the State Government was not listening to the needs of regional Queenslanders. “However, our concern is for the long-term impact and…
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INDUSTRY NEWS
Core Logic: Strong Start To The Year As Dwellings Value Rise In Most Aussie states
The latest CoreLogic January index results have confirmed that all capital cities recorded a rise in home values, with Hobart in the lead, recording a 5.8 percent rise in dwelling values over the three months to the end of January – with Sydney and Melbourne also posting strong increases over the rolling quarter. Highlights over the three months to January…
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INDUSTRY NEWS
CoreLogic Pain & Gain Report: September 2016 Quarter
The average profit on resale increases to $262,672 while average loss was $71,529 over the September 2016 Quarter, according to the latest CoreLogic Pain & Gain Report. The latest September 2016 quarter Pain & Gain Report produced by CoreLogic delivers a timely market analysis for residential property resales over the quarter by comparing the most recent sale price to its…
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Real Estate News
State-by-State Round Up: Electronic Signatures, January 2017
The current waters are still a little murky in relation to the use of electronic signatures. According to white papers released by CoreLogic on the use of DocuSign, an electronic signatures software product, electronic signatures are legal in most Australian Jurisdictions. Rundl, powered by progressive law firm LawLab, already have clients transacting with electronic signatures across many of the Australian…
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Elite Agent
Buyer Perceptions: How Do Your Clients Rate You?
One of the greatest stories real estate agents tell themselves is that buyers and sellers are two different types of customer who need to be treated differently. But agents who ignore buyers to focus on vendors they can pitch to in the short term could be reducing their leads by as much as 75 per cent. The new Buyer Perceptions of…
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INDUSTRY NEWS
Stamp duty breaks for older empty nesters will help solve second home buyer dilemma
A stamp duty break for empty nesters aged over 70 could ease housing affordability stresses in Sydney and Melbourne, according to Angus Raine, Executive Chairman, Raine & Horne. “The national housing debate focuses mostly on first home buyers, and with good reason given climbing real estate values combined with an ongoing shortage of new homes,” said Mr Raine. Sydney housing…
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Elite Agent
CoreLogic: Capital city dwelling values experience highest growth rate in seven years
Highlights over the three months to December 2016 Best performing capital city: Darwin +5.9 percent Weakest performing capital city: Adelaide -1.6 percent Highest rental yields: Hobart houses with gross rental yield of 5.1 percent and Hobart Units at 5.7 percent Lowest rental yields: Melbourne houses with gross rental yield of 2.7 percent and Darwin units at 3.6 percent Most expensive…
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National
Clearance rates remain above 70 percent on tapering volumes (18/12/16)
The final week of auction reporting for the year sees the combined capital city clearance rate remain above 70 percent, while auction volumes continue their seasonal taper Auction activity continued to ease this week after a surge in auctions over the past four weeks. The combined capital city clearance rate fell slightly to 70.5 percent, down from last week’s 71.6 percent.…
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Elite Agent
10 Real Estate Trends to Watch For in 2017: Samantha McLean
Last week, as I was sitting in Claudio Encina’s hotseat, I had to answer a question about the trends I thought would impact the real estate industry in 2017. Having had a little more time to reflect on everything I have seen, heard and read this year, I’m going out on a limb with some predictions – plus a few…
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INDUSTRY NEWS
Stamp duty a significant cost barrier for Sydney and Melbourne markets: CoreLogic
Higher priced properties in Sydney and Melbourne is not the only obstacle stopping people from entering these markets. Varying from state to state, another factor contributing to the high entry cost to housing is Stamp Duty, particularly in Australia’s largest two capital cities. CoreLogic Head of Research Tim Lawless said, “Calculating how much stamp duty is applicable on a property…
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Brand Editorial
Reader’s Choice – Top 10 Marketing Articles for 2016
Here is a list of your favourite marketing articles for 2016 based on the number of views/reads – in no particular order! The emerging area of content marketing proved a big hit this year so we will certainly be looking to give you more on this subject in 2017. 1. Market Your Listings to the Right People on Facebook Facebook has…
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Elite Agent
NSW, you can’t dine out on stamp duty forever: Leanne Pilkington
Laing + Simmons Managing Director and incoming REINSW President, Leanne Pilkington has penned a cautionary memo to the NSW Government telling them, they cannnot continue to dine out on NSW stamp duty revenues – highlighting the issue of housing affordability in the state, particularly in Sydney. Here is the full release: MEMO TO NSW GOVT: YOU CAN’T DINE OUT ON STAMP…
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