07 February 2019 | Daily Top Story: Combined capital cities see an increase in auction activity, but a drop in clearance rates
A newly released report focusing on Australia’s property auction market performance found that combined capital city clearance rates dropped to just 43.6 per cent in the 3 months to December 2018, down from 53.6 per cent over the previous quarter and 62.3 per cent over the same period a year prior. The lowest weekly clearance […]
31 January 2019 | Daily Top Story:This Sydney council wants to block cars so kids can play in the street
Rowdy rounds of kick-the-can, hotly contested street cricket matches with garbage bins for stumps, and quick games of hopscotch on grids scrawled in pastel chalk on asphalt. Sydney’s quieter streets have acted as playgrounds for generations of youngsters. The rising incidence of families and children living in high-density areas of the inner city has driven […]
24 January 2019 | Daily Top Story:Australian Properties Resold for $14.06 Billion in Profits, But 11.1% of Homes Were Resold at a Loss
Australian properties resold for $14.06billion in profits, but 11.1% of homes were resold at a loss. Key findings from the CoreLogic Pain & Gain Report for the September 2018 Quarter includes: Property resales in Australia earned $14.060 billion in profits nationally. National losses from property resales amounted to $488.1 million. Houses have consistently experienced a higher proportion […]
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The number of Australian properties heading to auction more than doubled last week off the back of a phenomenon only seen every three years: a federal election. More than 2,000 (2,041) homes went to auction across Australia’s combined capitals, up from 930 homes the week before. According to CoreLogic analysts, the sharp increase was the […]