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
Solid bounce back in preliminary clearance rate to 75.9% - CoreLogic
The preliminary combined capitals clearance rate recorded a solid bounce last week, rising to 75.9% from 71.1% the previous week (revised down to 64.8% once finalised which was the lowest auction clearance rate so far this year excluding the volatility from early-to-mid January).
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.
January results surprise to the upside, as Sydney and Melbourne growth rates stabilise - CoreLogic
CoreLogic’s national measure of housing values rose by 1.1% in January, up 10 basis points from the December result, when the national index was up 1.0%.
Busiest auction week across the combined capitals in CoreLogic history
The volume of scheduled auctions is set to reach new highs across Sydney, Canberra and Adelaide this week, marking the busiest auction week for the combined capitals since CoreLogic records commenced in 2008. By Kaytlin Ezzy, Research Analyst at CoreLogic.
Detached home building to remain strong throughout 2022 - HIA
“Demand for new detached and multi-unit housing has remained strong, suggesting that the current boom in home building will be sustained throughout 2022,” stated HIA Chief Economist, Tim Reardon.
The HIA New Home Sales report – a monthly survey of the largest volume home builders in the five largest states – is a leading indicator of future detached home construction.
Cost of blocks of land rise twice as fast as building materials - HIA
“The cost of residential land has risen more than twice as fast as the cost of building materials over the past year,” said HIA Chief Economist, Tim Reardon.
