real estate market australia

Less than two weeks out from the spring selling season of 2021, lockdown conditions are in place across the ACT, Greater Melbourne and NSW. More recently, major centres across the Northern Territory have been plunged into a snap lockdown. By Eliza Owen, Head of Research Australia at CoreLogic....

The combined capital cities are expected to see a rise in auction activity this week, with 1,860 homes scheduled to go under the hammer, up on the 1,761 auctions held last week.

CoreLogic’s Auction Market Review for the June quarter 2021 shows 31,605 homes were taken to auction across the combined capital cities in the three months to June 2021.

CoreLogic data across 88 SA4 markets₁ shows that, as with the current housing market upswing, rental market increases have been broad-based. Annual rent increases were observed across 79 of the 88 SA4 markets analysed, ranging from a 0.2% rise in the North East and North West Melbourne rent...

CoreLogic’s Rental Review for the June 2021 quarter shows despite rental growth slowing over recent months, the latest figures take national rental rates 6.6% higher over the year; the highest annual growth in dwelling rents since January 2009.

CoreLogic today announced its estimate of the total value of residential real estate in Australia has reached $8.1 trillion.

During March combined capital city dwelling values grew by 2.8%, the fastest growth in 32 years. The Agency report suggests market growth and high clearance rates will continue but may balance out by the end of the calendar year.

CoreLogic’s Rental Review for the March 2021 quarter revealed a surge in national rental rates of 3.2% however the drivers of this growth are diverse, with the regions, Darwin and Perth collectively driving much of the increase.