Search Results for: Corelogic
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Elite Agent
Beat the bots: how to future-proof your business
The solution for real estate agents to “beat the robots” is not to bury their head in the sand but to master how they can us AI to future-proof their business and build their own empire.
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INDUSTRY NEWS
Interest rates rise for the 11th time in this cycle
The Reserve Bank of Australia has increased interest rates for the 11th time in 12 months, lifting the cash rate 25 basis points to 3.85 per cent.
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INDUSTRY NEWS
What you need to know about NZ’s debt-to-income ratios
During a recent presentation to a group of property investors, the topic of interest that sparked the most discussion and surprise was the looming imposition of restrictions on debt-to-income (DTI) ratios.
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INDUSTRY NEWS
Australian housing downturn has likely ended with positive growth trend emerging
Three of Australia’s leading real estate data providers have suggested the property market downturn is over.
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INDUSTRY NEWS
Is the downturn over? House prices on the rise
Australia's property market is showing cautious signs of recovery, with house prices across the combined capitals increasing in the March quarter for the first time in a year.
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Real Estate News
New data proves rent bidding occurs and new tenants more likely to see rent rises
In the past year, rents have increased for almost three-quarters of rental properties, up from about one-quarter each year pre-pandemic, according to a new report built on data from MRI Software.
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INDUSTRY NEWS
Regional areas and high-end Sydney suburbs lead the bounce back
Affordable regional areas and high-end Sydney suburbs dominate the list of locations experiencing a market bounce back, according to new research.
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INDUSTRY NEWS
Rental market reaccelerates from supply shortage
A chronic shortage of rental properties across Australia has reignited growth in weekly rents and further tightened already low vacancy rates.
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INDUSTRY NEWS
RBA hits pause on interest rates for now
After 10 straight rises the Reserve Bank of Australia has today elected to keep interest rates on hold, pausing the cash rate at 3.6 per cent.
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INDUSTRY NEWS
Home Value Index rises for the first time in almost a year
CoreLogic's national Home Value Index (HVI) increased 0.6 per cent in March, marking the first month-on-month rise since April 2022.
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INDUSTRY NEWS
New Zealand home sales hit lowest level in 40 years
Home sales across New Zealand have plummeted to the lowest level since the GFC, as the sharp increase in interest rates has put the brakes on homebuyers.
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INDUSTRY NEWS
Loss-making resales jump across Sydney and Melbourne
The share of loss-making home sales across the country has jumped, led by both Sydney and Melbourne, which saw homeowners selling at a loss at the highest rate in four years.
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INDUSTRY NEWS
New listings suffer as sellers err on the side of caution
The seasonal uptick in property listings that usually occurs in the first half of March has been noticeably absent this year, with sellers having “erred on the side of caution” amidst declining property prices.
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INDUSTRY NEWS
Sydney renters paying $633 a week more than a year ago
Rents in Australia's unit market have surged, with the national trend recording its highest annual growth on record at 13.7 per cent.
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FRANCHISE NEWS
Australian RE/MAX agents top commission earned globally
Australia had the highest level of average commission per agent in 2022 throughout the 140,000-plus agents in the global RE/MAX network, and the second highest number of sales transactions globally in 2022.
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INDUSTRY NEWS
Auctions rebound in second busiest week of year
As predicted, auctions rebounded last week, with 2234 properties going under the hammer - the second largest number this year.
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INDUSTRY NEWS
New Zealand’s high-end properties have fallen in value by up to $300,000
New Zealand’s wealthiest suburbs are being hardest hit by the current market slowdown, with values falling by up $300,000 in some suburbs.
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INDUSTRY NEWS
Property values higher than before the pandemic
National housing values are still 14.8 per cent higher than they were at the start of the Covid pandemic, despite recent property value falls.
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INDUSTRY NEWS
Auctions dip with public holiday, but tipped to rebound next week
Auction volumes and clearance rates took a bit of a dip over the weekend with a public holiday on Monday in four of the eight states and territories to blame, according to experts.
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EPM: Industry News
City vacancy rate drops below regional areas
The national vacancy rate has fallen to just 1.47 per cent, less than half the level seen before the pandemic, according to the latest PropTrack figures.
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Real Estate News
RBA announces tenth consecutive rate rise at its March meeting
The Reserve Bank of Australia has increased the cash rate by 25 basis points at its March meeting, taking it to 3.6 per cent.
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INDUSTRY NEWS
Improving auction clearance rates: what do they tell us about the rest of the market?
Australia's auction clearance rate edged past 70.3 per cent last week, following a strong month of auction activity in February, but it's too soon to interpret the improvement as a sign that the downswing is over, experts say.
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INDUSTRY NEWS
Rush to quality driving inner-Melbourne market resurgence
An influx of overseas students and the return of Australians from overseas is driving activity in Melbourne's luxury apartment sector, with a future supply crunch set to sustain price growth, says The Agency's Michael Paproth.
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INDUSTRY NEWS
APRA chooses not to loosen borrowing restrictions
The Australian Prudential Regulation Authority has declined to loosen its current serviceability buffer for new home loans despite from the banks to do so.
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INDUSTRY NEWS
New Zealand value decline re-accelerates in February
The downturn in the New Zealand property market gained renewed pace in February, with values falling at their fastest rate since October 2022.
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INDUSTRY NEWS
Is the downturn over? Home values bounce back in February
Australia's property values increased slightly in February, according to PropTrack, while separate figures from CoreLogic also show the downturn losing steam.
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INDUSTRY NEWS
CoreLogic completes Plezzel acquisition
CoreLogic International has completed its acquisition of Victorian-based proptech firm Plezzel, a digital automation and lead generation platform.
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Real Estate News
Prices are falling, so why is it still so expensive to buy in New Zealand?
Property values have been falling in New Zealand, but rising interest rates mean Kiwis are handing over more of their income to make mortgage repayments, CoreLogic reports.
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INDUSTRY NEWS
Auction clearance rate on the rise
Auction activity lifted again this week with preliminary figures from Domain recording a 67.6 per cent clearance rate from 1068 reported auctions.
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INDUSTRY NEWS
Listings bounce back from summer slumber
New listing numbers have recovered from their traditional summer dip, though they remain lower than 2022 levels, according to a new report from PropTrack.
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INDUSTRY NEWS
We may not see a property investor comeback in New Zealand for a while yet
Property investors aren't expected to make a return to the New Zealand market any time soon.
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INDUSTRY NEWS
Openn expands partnership with CoreLogic
Online property sales platform Openn has entered a commercial arrangement with CoreLogic that will see its software further integrated into CoreLogic's onthehouse.com.au website.
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INDUSTRY NEWS
Pace of property value declines eased in January, new data shows
The rapid pace of property price declines appears to have slowed, with most capital cities recording only a moderate decline in values during January, new data from PropTrack shows.
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INDUSTRY NEWS
NZ records 10th month of property value declines
Property values across New Zealand fell 0.3 per cent over January, continuing a downward trend that's lasted 10 months.
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INDUSTRY NEWS
Auction action: What happened over the weekend and what’s in store for 2023
Auctions are back after the summer holiday break, although activity remains subdued in Australia's major cities.
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