Combined clearance rate holds above 70% despite increased activity across the capitals The combined capitals saw 1,961 homes taken to auction this week, returning a preliminary auction clearance rate of 70.2%, from the 1,481 results collected. Despite a 13.1% increase in the number of dwellings taken to auction, as compared to last week (1,734), this week’s preliminary clearance rate reduced by...
The proportion of property investors active in the marketplace is back to its long-term average, comprising 34% of mortgage demand, based on the value of new mortgage commitments. According to ABS lending indicators, at a state level NSW is receiving the bulk of the interest, with investors accounting for 38% of the value of new mortgage lending across the state. At the other end of...
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Since finding a floor in February, the national HVI is up 4.1%, following a -9.1% decline from record highs in April 2022. Nationally, home values remain -5.3% below the April 2022 peak, with only Perth, Adelaide and Regional South Australia recording a new cyclical high in dwelling values through July. While housing values are continuing to record a broad based rise, the rate of growth has lost...