Fall

Suddenly, the Australian housing market is starting to look crowded

5 monthes ago   |   By

Australian auction clearance rates softened last week, according to preliminary data released by CoreLogic on Sunday.
Across the capitals, a national clearance rate of 70.5% was reported, down fractionally on the 71.5% preliminary reading of the previous week.
CoreLogic said the modest decline corresponded with a sharp increase in the number of properties taken to auction.
"The number of homes taken to auction rose to 2,011, compared with 1,857 over the previous week," the group said. "This was the largest number of auctions held since the last week of June 2017 and approximately one third...
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AUSTRALIAN DIARY: Everything you need to know about the huge week ahead for markets

AUSTRALIAN DIARY: Everything you need to know about the huge week ahead for markets

5 monthes ago   |   By

Key data in Australia this week will be led by wage growth figures for the June quarter, the RBA's board minutes, and the July employment report.
Global stocks were steady on Friday night, although markets remain on edge amid escalating tension between the US and North Korea.
The S&P500 eked out a small gain but finished down 1.4% for the week, its worst weekly performance since March.
Friday's session also rounded out a tough week for Asian markets. South Korea's KOSPI index fell by 1.7%, leading regional stocks lower as the geo-political concerns weighed on sentiment .
US stocks opened...
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