The housing market across Australia will be put to the test this weekend with one of the biggest auction week’s taking place since December 2010. There are 2,353 auctions planned to be held this week, with the vast majority scheduled for Saturday, October 27th. There have only been six other occasions since early 2008 where […]
Archive | October, 2012
Has the market entered a recovery phase or are we seeing a temporary improvement in housing market conditions?
Based on daily movements in the aggregated RP Data-Rismark Home Value Index (updated daily at www.rpdata.com, www.asx.com.au, Bloomberg & Reuters) covering Australia’s five key capital cities, Australia’s housing market reached a recent trough on May 30 of this year after values peaked 1.5 years earlier and 7.7% higher. Since the recent low point in the […]
The latest demographic update released by the Australian Bureau of Statistics late last month provides an overview on population growth and migration flows up to March 2012. The data revealed the rate of population growth, at 1.49%, was the highest rate of growth since the last quarter of 2009 and net overseas migration was at […]
Television property guru Andrew Winter will provide his secret tips to buying and selling success at a series of Realestate Masterclasses organised by Leader/News Local/Quest/Gold Coast Bulletin/Sunday Times. The Realestate Masterclasses, which are supported by the Commonwealth Bank, will look at how the current market is performing, local hotspots – for investors, first home buyers […]
If you want an example of how stimulus sensitive the Australian housing market is, look no further than Brisbane or Canberra. Transaction volumes absolutely spiked in July. In Brisbane, our estimate of transaction numbers surged by 52% compared with the June reading, and in Canberra the number of home sales was 41% higher than sales […]
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