Chart 4

Inflation adjusted home values lower than previous peaks in all cities other than Sydney and Melbourne

The Consumer Price Index (CPI) data was released by the Australian Bureau of Statistics (ABS) for the March 2016 quarter earlier this week.  The headline measure of CPI was extremely weak over the quarter, falling by -0.2% to be just 1.3% higher over the past 12 months.  The -0.2% quarterly fall was the weakest result […]

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20160428 Capital city graph

CoreLogic National Auction Preview, week ending 1 May 2016

Upcoming auctions: This week will be the busiest for capital city auction markets since the week prior to Easter, with 2,419 auctions currently being monitored by CoreLogic. Compared to last week, auction volumes are higher in each individual capital city market and have almost doubled in Melbourne, up from 602 last week to the current […]

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20160426 combined capitals

Auction volumes lower slightly, while the preliminary clearance rate rises to 70 per cent

Given the ANZAC day public holiday, auction activity has slowed down slightly this week, from 1,699 auctions having been held last week to 1,542 this week. Of the 1,248 results that have been reported so far, 70 per cent were successful, up from 67.4 per cent last week and based on preliminary results, the strongest clearance […]

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20160421 cc graph

CoreLogic RP Data National Auction Preview, week ending 24 April 2016

Upcoming auctions: Given the ANZAC day long weekend, auction volumes are expected to dip this week, with 1,372 scheduled, down from almost 1,700 last week. The amount of auction activity in Melbourne and Sydney this week is virtually the same, with 535 Sydney auctions scheduled and 546 in Melbourne. On a week-on-week basis, auction activity […]

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Chart 7

Why it could be Hobart’s time to shine

The Hobart housing market has been the nation’s weakest performing capital city housing market for more than a decade.  There are now signs that the Hobart (and Tasmania’s) housing market may be in line for a steady improvement. Over the 12 months to March 2016, home values in Hobart have increased by 4.8% while over […]

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20160418 capital city

Capital city clearance rate below 70 per cent for three weeks running

This week 1,667 capital city auctions were held, less than last week (1,831)  and also less than one year ago (2,603). Auction volumes were substantially higher last year as there were only two weeks between the Easter long weekend and the ANZAC day weekend. Preliminary results show that 68.6 per cent of auctions were successful […]

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20160414 cc table

CoreLogic RP Data National Auction Preview, week ending 17 April 2016

Upcoming auctions: This week 1,559 capital city auctions are scheduled, compared to 1,831 last week and 2,603 at the same time last year. In 2015 there were only two weeks between the Easter long weekend and the ANZAC day weekend, therefore auction volumes appeared to be significantly higher than we are currently seeing. Adelaide and […]

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Chart 5

Housing finance commitments rise in February however, the value of commitments is still below its peak

Housing finance data for February 2016 was released earlier today by the Australian Bureau of Statistics (ABS).  According to the data, the total value of housing finance commitments over the month was $32.8 billion which was 2.6% higher over the month and 6.0% higher year-on-year.  Although the value of housing finance commitments is higher over […]

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20160411 capital city

Clearance rates strengthen slightly as auction activity rises

For the second week in a row, auction volumes have risen, with 1,809 auctions held across the combined capital cities, higher than 1,582 last week and 1,674 at the same time last year. Preliminary results show that across the 1,438 reported results, 67.8 per cent were successful this week, shifting up from 66.6 per cent […]

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201604 national

New listing numbers trending higher in Melbourne, Brisbane, Adelaide and Canberra indicate strong vendor confidence

Over the 28 days ending 3 April 2016, total advertised housing stock levels were -4.2% lower on a national basis relative to last year, with the total volume of newly advertised listings being added to the market were -2.2% lower than a year ago. On the other hand, across the nation’s capital city markets, total […]

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