Australia has a glut of bedrooms but a dearth of policies in place to make these rooms and homes available to those who need them most

The last Census showed that across Australia we have ample bedrooms to cater to our population yet the lack of new housing supply over recent years along with increasing demand for homes has resulted in increases in home values. Particularly in Sydney and Melbourne the escalation in home values over recent years has been strong […]

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Capital city clearance rate reaches 79.2 per cent, the second strongest result on record

CoreLogic RP Data National Auction Comment, week ending 19 April 2015 It has been another strong week for auction activity, with a preliminary auction clearance rate of 79.2 per cent this week, the strongest result since September 2009. There were 2,541 auctions held across the combined capital cities. Last week, the final auction clearance rate […]

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The relationship between dwelling approvals, commencements and completions

Earlier this week the Australian Bureau of Statistics (ABS) released building activity data for the December 2014 quarter. The data includes quarterly figures for dwelling commencements and dwelling completions. With a record number of dwelling approvals coming through the system it is important to track this data as it provides insight into how many of […]

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Auction volumes to rise in Sydney, Melbourne and Perth

CoreLogic RP Data National Auction Preview, week ending 19 April 2015 This week, CoreLogic RP Data is currently tracking 2,936 auctions across Australia, with 2,296 scheduled in the capital cities.  The coming week of auction activity will bring auction volumes back into line with where they were sitting prior to the seasonal Easter slow-down. At […]

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Strong national auction clearance rate maintained last week as volumes rise from a low base

CoreLogic RP Data National Auction Comment, week ending 12 April 2015 Auction volumes increased this week, albeit from a low base due to the Easter long weekend, with 1,568 auctions scheduled across the combined capital cities this week. A total of 1,014 results were recorded with the preliminary clearance rate remaining stable at 79.0 per cent, […]

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Is lending to investors finally starting to slow?

The Australian Bureau of Statistics (ABS) released housing finance data for February 2015 earlier today. The results suggested to me that perhaps; after many warnings, the exuberance from the investor segment of the market is starting to slow. Keep in mind that investor borrowing remains at near record highs however, there have been signs that […]

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Auction volumes slow to pick up following the long weekend.

CoreLogic RP Data National Auction Preview, week ending 12 April 2015 In response to the Easter long weekend, capital city auction markets took a break last week, with only 653 capital city auctions held, down significantly from 3,668 over the previous week. The auction clearance rate, however, maintained its strength, with 78.9 per cent of […]

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Booming building approvals and slowing population growth are reducing housing undersupply

Regional population growth data was recently released by the Australian Bureau of Statistics (ABS) for the year to June 2014. By combining this data over time with dwelling approvals over time we can derive localised information to approximate the extent of oversupply and undersupply in the capital city housing markets. The combined capital cities recorded […]

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Dwelling approvals fall to the second highest month on record in February

Earlier today the Australian Bureau of Statistics (ABS) released building approvals data for February 2015. After a record high monthly number of dwelling approvals in January 2015 approval numbers could not quite be matched in February although they remain at near-record highs. Over the month there were 18,768 dwelling approvals, down from 19,397 in January. […]

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The number of new residential property listings slows down in the lead up to the Easter long weekend

Each year, in the weeks leading up to the Easter long weekend, the number of new listings coming onto the market often slows down. This year has been no exception, with the number of residential properties being added to the market beginning to fall on a week-by-week basis. Across the combined capital cities, the number […]

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