Archive | October, 2013

Where in Melbourne do most of the houses sell?

Over the past twelve months 4.25 per cent of all houses in Melbourne have been sold. While this result is lower than the very strong years of sales over 2007 and 2010, it still represents almost one in twenty houses. The suburbs featuring the highest number of sales in raw terms are those in the […]

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RP Data market review, Melbourne: Week ending 27 October 2013

A clearance rate of 72.3 per cent was reached from 1,328 auction results so far this week. This is an exceptional outcome from what was the biggest week of auctions in the cities history. It is notable that despite the increased number of homes on the market the number of buyers rose to ensure a […]

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2 time to sell

Results from the RP Data – Nine Rewards Survey of housing market sentiment

Is now a good time to buy a property or home? 74% of respondents believe now is a good time to be buying property. While the results show the vast majority of those surveyed think the timing to purchase a home is good, the results are a reduction from our May 2013 results where 80% […]

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Victoria market preview for week ending 27 October

RP Data is expecting 1,563 auctions in Melbourne this week and 1,734 across Victoria. There are 1,454 expected in Melbourne on Saturday itself. This is the most significant weekend for the auction market in Melbourne’s history with a record number of homes being offered for sale under the hammer. The very high level of listings […]

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Melbourne clearance rates

Why all units and apartments in Melbourne are not the same

The top 10 list of suburbs ranked by sales of medium and high density homes is understandably dominated by the inner city but does contain two interesting exceptions. The highest number of unit and apartment sales in one suburb over the 12 months ending July according to the RP Data Suburb Scorecard was Melbourne with […]

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RP Data market review, Melbourne: Week ending 20 October 2013

A clearance rate of 69.9 per cent from 981 auction results so far this week. This week’s clearance rate is broadly in line with year to date of 70 per cent, but below last weeks 74 per cent. This is the first week below 70 per cent in a few months but the variance is […]

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Victorian market preview for week ending 20 October

Clearance rate week ending 13 October: 74 per cent Melbourne auctions expected week ending 20 October: 1,046 Melbourne private sales time on market week ending 13 October: 39 days (houses) Melbourne vendor discounting market week ending 13 October: -6 per cent (houses) Listings being prepared for market are 7.1 per cent higher in month ending […]

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Sydney units

Where to find the most affordable housing using RP Data’s Spring Buyer’s Guide

RP Data latest Spring Buyer’s Guide was released this week, providing an overview of key housing market statistics for every suburb that has recorded at least ten house or units sales over the past year nationally.  The full report including suburb and council level tables is available for download at www.myrp.com.au/springbuyersguide. One of the interesting […]

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Melbourne rental yield market with units

The best yield in units and apartments in Melbourne

Higher density housing is often viewed as an investment opportunity but like all property the outcome depends heavily on a range of factors. This is apparent when the suburbs of Melbourne are ranked by their indicative gross yield over the past year for units. Using the RP Data Scorecard, the data applies to the year ending September […]

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RP Data market review, Melbourne: Week ending 13 October 2013

Spring continues to deliver good outcomes for vendors with a clearance rate of 73.8 per cent from 883 auctions results so far this week and a 1.3 per cent increase in home values in the last month. This week’s clearance rate is a moderate rise on the 71.3 per cent last week and 70 per […]

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