Tag: Weekly market wrap
The changing face of real estate. Since the invention smart phones, social media and the internet have become entrenched in our lives.
Strong auction results during the week ending 14 February saw CoreLogic report a preliminary auction clearance rate of 91.23% for Canberra.
In January 2021, stock levels tightened significantly, increasing pressure for buyers to act decisively.
On Saturday 30 January, Canberra recorded the highest capital city preliminary auction clearance rate nationally at 84.4%.
According to CoreLogic’s Housing Index, Canberra multi-unit dwellings increased in value by 4.09% in 2020.
Demand outstripping supply in the capital. Canberra is positioned for a critical shortage of housing as the number of properties listed for sale plummets.
The population of Canberra has done a tremendous job maintaining negligible infection rates of COVID-19. This has allowed most residents to enjoy living in a relatively normal state with residential property owners,...
On Saturday 12 December, Domain reported Canberra recorded a preliminary auction clearance rate of 89%.
Values of units increased by 2.5% and houses 3.5%. These rates show residential property in Canberra is on track to deliver exceptional returns to owners.
The Federal Government has announced an extension of the of HomeBuilder scheme for a further three months to 31 March 2021.
In a sign our property market is not invincible, Domain reported Canberra recorded a 73% preliminary auction clearance rate.
As demand increases, buyers pay the price for delayed decisions. During October, Canberra experienced an 8.4% increase in new listings.