Markets

National house prices bounce as cheap cash floods the market

Property prices have risen nationally for the first time since October 2017, lifting 0.8%, according to property group CoreLogic. Capital city home prices were even stronger, increasing by 1% across the eight capitals. The resurgence is being led Sydney and Melbourne which have seen the sharpest falls in the last […]
National house prices bounce as cheap cash floods the market
Markets

Sydney crashes the property downturn party in worst year since GFC

CoreLogic has released its end of year report, showing the weakest housing market conditions post-GFC, with values falling 4.8% through 2018. 9 out of the 10 capital-city subregions were across Sydney, with Ryde leading falls at -13.3%. National dwelling values were down 2.3% over the December quarter. It’s official, the […]
Sydney crashes the property downturn party in worst year since GFC
Markets

Auction clearance rates in Sydney and Melbourne dipped again last week

Finalised weekly data from CoreLogic showed auction clearance rates fell in Sydney and Melbourne for the second straight week. Despite that, CoreLogic said auction clearance numbers are steadier than the last major housing downturn in 2012. Across Australia’s combined capitals, auction volumes this weekend are expected to be little-changed from […]
Auction clearance rates in Sydney and Melbourne dipped again last week
Markets

Sydney auction clearance rates rebound as fewer homes are taken to market

Auction clearance rates picked up last week as total volumes declined by 11.5%. The Sydney market outperformed Melbourne, with a preliminary success rate of 66.9%. Despite the weekly improvement, CoreLogic said that overall auction clearance rates are still in a downward trend. Preliminary auction clearance rates in Australia picked up […]
Sydney auction clearance rates rebound as fewer homes are taken to market
Markets

Annual house price growth in Sydney is edging closer to 0%

House prices in Sydney and Melbourne declined again last week, along with price falls in smaller markets. CoreLogic’s weekly house price data showed Sydney house prices declined by another 0.2%, amid low auction volumes over the Australia Day long weekend. That leaves the monthly fall at 0.7%. The annual house […]
Annual house price growth in Sydney is edging closer to 0%
Markets

Growth in rental yields in Australia’s capital cities is flat

Growth in rental yields has slowed to a crawl in housing markets across Australia’s capital cities. Data from CoreLogic for the 2017 December quarter growth showed rental rate increases were flat for the combined capital cities, down slightly from 0.1% growth in the previous quarter. “Across the individual capital cities, […]
Growth in rental yields in Australia’s capital cities is flat
Markets

Sydney was the only city in Australia where house prices fell last week

Sydney was the only property market to fall last week across Australia’s five largest capital cities. Weekly data from CoreLogic showed Sydney house prices fell by 0.3%, with flat growth in Melbourne, Brisbane, Adelaide and Perth. The relative weight of the Sydney market saw prices nationally dragged lower by 0.2% […]
Sydney was the only city in Australia where house prices fell last week
Markets

House price growth in Australia has halved in the last six months

Australia’s housing market continues to cool, with property in Sydney seeing its biggest quarterly fall since March 2016. The CoreLogic Home Value Index for November showed that home prices remained flat across the country in average weighted terms, as they did in October. Quarterly price growth across capital cities and […]
House price growth in Australia has halved in the last six months
Markets

Home auction clearance rates jump in Sydney

Preliminary data from CoreLogic indicate clearance rates rose in Sydney on the weekend, despite another flood of homes hitting the market. There were 3,409 auctions across Australia’s capitals, surpassing the previous week’s 3,390 as the third busiest week of 2017. “Once final results are collected, the combined capital city clearance […]
Home auction clearance rates jump in Sydney
Markets

Australian property prices have stalled as a wave of sellers hit the market

Sydney property prices are down 0.5% over the past month, leading a continued cooling in Australian housing market. Data from CoreLogic showed price growth in Sydney was flat last week, which extended to markets nationally as average weekly growth across Australia’s five biggest capital cities was unchanged. Melbourne property prices […]
Australian property prices have stalled as a wave of sellers hit the market
Markets

Here’s where property flippers make and lose the most money in Australia

New research from CoreLogic shows that if you’ve bought and sold Australian property within the last five years, then chances are you’ve made money. However, the data reaffirms that Australian property is comprised of many markets, and not every one is guaranteed to outperform — particularly over a shorter time […]
Here’s where property flippers make and lose the most money in Australia
Markets

Weekly clearance rates suggest Melbourne’s housing market is outpacing Sydney

Clearance rates for Australian auctions were little-changed last week, with the Melbourne market driving higher volumes. CoreLogic’s preliminary weekly auction clearance data showed a national clearance rate of 70.3% — just up from 70.2% and 70.0% in the preceding two weeks respectively. The figures were consistent with recent results which […]
Weekly clearance rates suggest Melbourne’s housing market is outpacing Sydney
Markets

Here are Australia’s fastest selling suburbs

CoreLogic has released its list of the fastest selling suburbs in Australia. The numbers show a discrepancy in the speed of house and apartment sales across different regions. CoreLogic analyst Cameron Kushner said that the rate of sale has increased more rapidly in Sydney and Melbourne over the last few […]
Here are Australia’s fastest selling suburbs
Markets

The Sydney property market is showing tentative signs of easing

Preliminary data from CoreLogic indicates house prices in Sydney may be starting to cool. Auction activity resumed in full on the weekend following the Easter break, and the figures showed that weekly clearance rates nationally were 72.1%. Sydney and Melbourne continue to lead the market, both tracking above 75%: Although […]
The Sydney property market is showing tentative signs of easing
Markets

Rent in Australia is falling at a record pace

The cost to rent a property in Australia is falling at the fastest pace on record. According to the latest Rent Review Snapshot released by Corelogic, weekly rental rates fell by 0.3% to $486 across Australia’s capitals in the 12 months to May, marking the fastest annual decrease seen dating […]
Rent in Australia is falling at a record pace
Markets

Australian auction clearance rates continue to lift

Australian auction clearance rates continued to lift last week, fitting with recent strength in house prices in the nation’s largest housing markets, Sydney and Melbourne. According to preliminary figures released by CoreLogic, the national auction clearance rate increased to 70.7%, up from 67.7% reported for the previous corresponding week. Of […]
Australian auction clearance rates continue to lift
Markets

Home Price Growth Is Cooling Off

Home prices grew by 1% month-over-month in August 2013, according to the latest Corelogic home price index, after growing 1.7% in July. This figure excludes distressed home sales transactions. which include short sales and REO transactions, in which a lender takes possession of a property following an unsuccessful foreclosure auction. […]
Home Price Growth Is Cooling Off
Markets

12 States Where Homeowners Are Deep Underwater On Their Mortgages

[credit provider=”Alex Barth via flickr” url=”http://www.flickr.com/photos/a-barth/2953157440/”] 1.4 million borrowers moved to positive equity (where homeowners owe less on their mortgage than their home is worth) in the year through the end of Q3.  This is according to CoreLogic’s latest negative equity report.But a whopping 10.7 million or 22 per cent […]
12 States Where Homeowners Are Deep Underwater On Their Mortgages
Markets

Foreclosures Are Falling Across The Country

[credit provider=”John Moore/Getty Images” url=”http://www.gettyimages.com/detail/news-photo/clifford-coburn-loads-his-belongings-onto-a-truck-with-the-news-photo/84657891″] More positive news for the housing market – the one bright spot in the U.S. economy.October saw 58,000 completed foreclosures across the country, down 17 per cent, from 70,000 a year ago, according to latest CoreLogic report.
Foreclosures Are Falling Across The Country
Markets

The Energy Boom Has Made North Dakota The Strongest Housing Market In America

[credit provider=”Robert Johnson — Business Insider” url=”http://www.businessinsider.com.au/author/robert-johnson”] While national home prices turned positive for the first time in August, according to Case-Shiller, housing is a local story and many markets continue to perform worse than others.A housing recovery depends on a number of factors like job creation, foreclosure inventory, home […]
The Energy Boom Has Made North Dakota The Strongest Housing Market In America
Markets

The Number Of Underwater Mortgages Is On The Decline

[credit provider=”John Moore/Getty Images” url=”http://www.gettyimages.com/detail/news-photo/brandie-barbiere-tries-to-explain-to-her-husband-dan-news-photo/128281025″] 11.4 million or 23.7 per cent of all residential properties with a mortgage were in negative equity – when borrowers owe more on their mortgages than their property is worth – according to a new report by Corelogic.This is down from 25.2 per cent of […]
The Number Of Underwater Mortgages Is On The Decline
Markets

CoreLogic: Home Prices Fell For The 6th Straight Month In January

National home prices, including distressed sales declined 3.1 per cent on a year-over-year basis in January 2012, and were down 1 per cent from the previous month, according to latest data from CoreLogic. This is the sixth straight monthly decline in the home price index. Mark Fleming chief economist for CoreLogic […]
CoreLogic: Home Prices Fell For The 6th Straight Month In January
Markets

CORELOGIC: Home Prices Fell For 5th Straight Month In December

[credit provider=”Flickr / haglundc” url=”http://www.flickr.com/photos/haglundc/4441725035/sizes/l/in/photostream/”] U.S. home prices posted their fifth-consecutive month-over-month decline, CoreLogic reported today.The group’s home price index declined 1.4 per cent in December as short sales and foreclosure deals continued to bog down prices.
CORELOGIC: Home Prices Fell For 5th Straight Month In December
Markets

CORELOGIC: US Home Prices Fell AGAIN In November

[credit provider=”Zillow” url=”http://www.zillow.com/homedetails/8422-Shale-Dr-Madison-WI-53719/55383636_zpid/”] Corelogic announced Monday that home prices in 2011 would finish “very modestly down” for the year as prices slid for the fourth consecutive month in November, decreasing 1.4 per cent.The more popular Case-Shiller home price index is up to date through October.
CORELOGIC: US Home Prices Fell AGAIN In November