Source: CoreLogic RP Data Over the week ending December 6 2015, CoreLogic RP Data captured 2,961 auction results, accounting for more than 91% of all auctions held across the capital cities. The final auction clearance rate over the past week was recorded at 57.3%, which is its lowest auction clearance rate since February 2013. Melbourne's clearance rate was 63.3% across 1,522 results, its lowest clearance rate since February of this year. Sydney's clearance rate was r...

Source: CoreLogic RP Data The national number of newly advertised properties was -8.4% lower relative to the same period one year ago with 44,541 properties added to the listings pool over the past twenty eight days. Across the combined capital cities new listings are -6.9% lower than they were at the same time last year. Adelaide (+0.9%) and Canberra (+19.8%) are the only capital cities where new listings are higher than a year ago while they are unchanged in Melbourne. The t...

Source:  AMP - Shane Oliver Some property analysts claim the property cycle changes every 7 to 10 years. AMP Capital's chief economist, Shane Oliver explores this view and explains what causes property cycles to change over time. Q: Shane, what is meant by the seven year property cycle? What are the different phases? A: The "seven year property cycle" is often referred to by property market commentators and refers to the swing in house prices through the ...

Source: CoreLogic RP Data Home values fall in Sydney and Melbourne as housing market moves through peak of cycle. The CoreLogic RP Data November Home Value Index confirmed dwelling values fell across five of the eight capital cities in Australia over the month, taking the combined capitals index 1.5% lower. According to CoreLogic RP Data head of research Tim Lawless, slower housing market conditions for Sydney and Melbourne became evident earlier in the year and continued throu...

Source: CoreLogic More than two thirds of Australians think housing market could suffer a significant correction The release today of the CoreLogic RP Data - TEG Rewards Housing Sentiment Survey revealed that more than two thirds of Australians are concerned that Australia's housing is vulnerable to a significant correction in values.
68% of respondents to the survey conducted in September answered "yes" to the question: 'In your opinion is Australia's housi...

Major infrastructure projects planned around Brisbane led to a spate of compulsory property acquisitions and affected land owners are being warned to ensure they receive their full entitlements. In one of the latest examples, Brisbane City Council announced in October 2015 that it would acquire part of 32 properties on Kingsford Smith Drive as part of the Kingsford Smith Drive road widening project. Leeson Valuers Partner, John Leeson said owners of affected properties on Kingsford Smith Driv...

Source:  Qld Market Monitor Over the second quarter of 2015, Queensland's residential property markets continued along relatively the same trends seen since the start of the year. The state's strengthening centres continue to improve at steady and sustainable levels while our regional centres are beginning to show hints of recovery. Outside Brisbane, the state's tourism centres continue to perform strongly. The Gold and Sunshine coasts continue to record buoyan...

Source: Qld Market Monitor BRISBANE MARKET Over the June quarter, Brisbane's residential market continued to record healthy growth both in sales volumes and median sale prices. Average days on market and vendor discount remained relatively unchanged compared to the previous quarter, indicating that the Brisbane property market is improving at a sustainable rate. Local agents say a lack of listings is still present most notably in the house market, with demand strongest ...

Source:  CoreLogic CoreLogic RP Data Hedonic Home Value Index, September 2015
Results Released: Thursday, October 1, 2015 The capital city housing market performance was diverse over the first month of Spring, with Sydney value growth flattening and dwelling values down across three of the capital cities according to the September CoreLogic RP Data Home Value Index results out today. CoreLogic's head of research Tim Lawless reported that the first month of Spring pro...

Source:  CoreLogic Now that Spring has arrived we are seeing a lift in the number of new listings. While this is to be expected new listings are now higher than they were a year ago in most capital cities. CoreLogic RP Data counts the number of properties available for sale each week. These counts are based on a rolling 28 day view of advertised sales and look at new listings as well as re-listings, which combined, provide a total listings count. We classify a new listing as a...