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Preliminary clearance rates hold firm as volumes across the combined capital cities reach their highest level year-to-date and Melbourne records its busiest auction week on record

CoreLogic is currently tracking 2,276 auctions across the combined capital cities this week, down from 2,525 last week.

The latest data from the Australian Bureau of Statistics (ABS) shows that there has been a rebound in owner occupier first home buyer housing finance commitments.

The combined capital cities returned a preliminary auction clearance rate of 69.4 per cent this week, marking the 21st consecutive week where the clearance rate has held below 70 per cent. 

CoreLogic is currently tracking 2,276 auctions across the combined capital cities this week, down from 2,525 last week. Over the same week last year, 2,680 auctions were held.

The latest Census (2016) data reveals which regions of the country have the highest proportion of residents that are Australian citizens and the areas dominated by non-citizens.

Building activity data for the June 2017 quarter was published by the Australian Bureau of Statistics. The data contains additional insight to the housing construction sector, tracking quarterly [...]

There were 2,497 auctions held across the combined capital cities this week, up from 2,318 last week. So far, 2,007 results have been reported to CoreLogic, returning a preliminary clearance rate [...]

This week, CoreLogic is tracking just over 2,300 auctions across the combined capital cities, which is similar to last week when 2,318 auctions were held, but lower than this time last year, when [...]

Australia’s economy increased 0.8% in the June quarter, according to seasonally adjusted, chain volume measures released Wednesday. This brings annual GDP growth to 1.8% at the end of June. But [...]