As auction volumes return to more normal levels after the festive period slowdown, auction clearance rates are holding higher than late 2017.
The volume of new loans to first home buyers in New South Wales and Victoria has climbed substantially over recent months as value growth has slowed and even begun to fall in Sydney and Melbourne. First home buyers must be vigilant about purchasing homes and not just be lured into buying at the peak of the...
Value growth over the past decade has been characterised by substantial value rises in Sydney and Melbourne while elsewhere capital gains have been materially lower, in fact negative in some regions.
This week, the number of property auctions scheduled to take place will rise across the combined capital cities, with 1,753 currently being tracked by CoreLogic.
The CoreLogic Construction Monthly report, out today, confirmed 1,719 development applications and proposals were added to the construction pipeline across Australia in January.
Auction markets warming up after the January slowdown, with clearance rates trending higher relative to late December 2017.
The report is a geographical compilation of housing market vital facts and figures which highlight the deterioration in affordable housing over the past five years, particularly within Sydney and Melbourne.
The days on market metric provides an indication as to how quickly properties sold by private treaty are likely to sell. The current data at a national and capital city level shows fairly steady days on market however, we are seeing diverging trends across the individual cities.
The latest Brisbane Cityscope Scorecard shows the combined value of commercial sales rose to $1.7 billion in the year to February 2018.
The combined capital cities are set to see a notable increase in activity over the week, with 1,371 properties scheduled to go to auction
The auction market is starting to bounce back from the seasonal slowdown, with almost three times the number of auctions held this week compared with last week, although volumes are lower than the same week last year.
Brisbane is well placed to take over as the best performing capital city housing market over the next five years.