real estate Australia

CoreLogic’s quarterly Rental Review, released today, shows the national rental index increased 1.9% during the September quarter compared to a 2.1% rise in the June quarter. National rental rates are 8.9% higher year-on-year, the highest annual growth in dwelling rents since July 2008.

The combined capital cities have seen 3,033 homes taken to auction this week, the second busiest auction week so far this year.

Despite lower volumes and a slew of withdrawals due to tough lockdown conditions in Sydney, Melbourne and Canberra, Australia’s residential auction market proved resilient throughout the September quarter.

CoreLogic has today announced its estimate of the total value of residential real estate in Australia has surpassed a new record of $9.1 trillion.

CoreLogic’s national home value index rose another 1.5% in September, taking Australian housing values 17.6% higher over the first nine months of the year and 20.3% higher over the past 12 months.

CoreLogic’s Pain & Gain Report, shows 91.5% of resales during the June quarter recorded a nominal profit-making gain from the previous purchase price, the highest level of profitability in just over a decade.

There were 1,591 homes taken to auction across the combined capital cities this week, up from 1,423 over the previous week and 816 this time last year.

There were 1,535 homes taken to auction across the combined capital cities this week, down only slightly from the 1,567 originally scheduled.