Combined capital city auction volumes hold steady week-on-week
The preliminary clearance rate across the combined capitals came in at 71.5% last week, 40 basis points higher than the previous week (71.1%) which revised down to 65.4% once finalised. By Caitlin Fono, Research Analyst, CoreLogic Australia
Sales and profits lift as Australian property market regains momentum
The Australian property market continues to demonstrate sustained resilience, with the rate of profit-making sales and number of transactions increasing in the December quarter.
Increasing demand and an undersupply of accommodation impacts affordability for Australian renters - CoreLogic
Released today, the ANZ CoreLogic Housing Affordability Report: reflections on the pandemic and the rental market unpacks the state of affordability in the Australian rental market and looks at the many ways in which the pandemic has influenced the supply and demand of rental accommodation.
Combined capital city preliminary clearance rate slips below 60% for the first time since late August - CoreLogic
According to CoreLogic's Caitlin Fono, there were 1,908 auctions held across the combined capital cities this week, down from 2,169 over the previous week and 3,546 this time last year.
No reprieve for home builders as construction costs continue rising
CoreLogic’s Cordell Construction Cost Index (CCCI) for Q2 2022 showed national residential construction costs increased 10.0% over the 12 months to June 2022, the highest annual growth rate on record outside of the introduction of the GST (10.2% over the year to March 2001).
Residential rents hit record highs as national vacancy rates plummet - CoreLogic
Australia’s rental market continues to tighten as low supply levels cause national vacancy rates to dive and rents to rise across all capital cities and property types over the past three months.
Higher interest rates and high inflation to weigh further on housing demand - CoreLogic
Tim Lawless CoreLogic's Research Director talks about the commentary leading up to the RBA monthly board meetings that has pivoted from if interest rates will rise to how much interest rates will rise
