Archive | September, 2013

RP Data Auction comment, Melbourne: Week ending 29th September 2013

There may have been fewer auctions this week due to the grand final but that has not prevented people buying and selling. RP Data’s preliminary results include 63 auctions reported in Melbourne this week with 53 finding a buyer. Across the broader market there have been 1,748 houses and units sold over the last week. […]

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Byron

Buyers surging back into beach side housing markets

Lifestyle markets have been hit hard by a housing market downturn but it looks like some life is now starting to be breathed back into the coastal regions which are often synonymous with holiday homes, short term rentals and sea change migrants.  I’m noticing the trend first hand; I own a house on the Sunshine […]

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Melbourne market preview for week ending 29 September

Final clearance rate week ending 22 September: 75.9 per cent Melbourne auctions expected week ending 29 September: 64 Melbourne private sales time on market week ending 22 September: 40 days (houses) Melbourne vendor discounting market week ending 15 September:  -6.3 per cent (houses) New listings in Victoria: 7.9 per cent higher in month ending 22 […]

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The current Victorian market is still below its best

Two useful statistics for measuring the health of the local market, particularly the private sale one, are the number of days a dwelling is on the market for and the amount the vendor discounts the property over the course of the advertising campaign. A review of those metrics for the Melbourne private sale market for […]

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RP Data Auction comments, Melbourne: Week ending 22nd September 2013

Auction volumes were boosted last week due to the AFL Grand Final and were met with more buyers resulting in a preliminary clearance rate of 76.9 per cent compared to 72.5 per cent last week. This result is based on 862 auctions with more to be collected over the week. Whilst strong this is still […]

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highest density LGAs

The largest, fastest growing, fastest shrinking and most dense council regions around the country

The largest council regions: Queensland’s capital city, Brisbane, is the largest municipality in Australia.  There are 1,110,473 people that live in Brisbane, comprising just fewer than 5% of Australia’s population.  The second largest council, which is also in the South East corner of Queensland, is the Gold Coast where the population is less than half […]

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Melbourne auction preview for week ending 22 September

Final clearance rate week ending 15 September: 72.5 per cent Melbourne auctions expected week ending 22 September: 928 Melbourne private sales time on market week ending 15 September: 40 days (houses) Melbourne vendor discounting market week ending 15 September:  -6.2 per cent (houses) New listings in Victoria: 6.5 per cent higher in month ending 15 […]

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RP Data Auction comments, Melbourne: Week ending 15th September 2013

This week’s preliminary clearance rate was 73.6 per cent compared to last week’s final of 74.7 per cent. This result is based on 871 auctions of residential homes with 641 selling and 230 being passed in. The spike in listings this week was a test for the auction market and it recorded a pass mark […]

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Canberra

Where is housing demand the strongest?

Australia’s rate of population growth is continuing to ramp up, placing consistent upwards pressure on demand for housing.  The macro level demographic data is only up to date to December last year and population estimates for smaller regions such as council areas and suburbs, has only just been released current to June 2012. At a […]

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Melbourne auction preview for week ending 15 September

Clearance rate week ending 8 September: 74.7 per cent Melbourne auctions expected week ending 15 September: 910 Melbourne private sales time on market week ending 1 September: 38 days Melbourne vendor discounting market week ending 1 September:  -5.9 per cent New listings in Victoria: 5.3 per cent higher in month ending 8 September RP Data […]

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