Archive | 2013

RP Data market preview, Melbourne: Week ending 8 December

Vendor confidence continues to drive record listings in the Melbourne auction market and this week features again very high listings in historical terms. This is not just confined to Melbourne, last week there were 3,400 auctions nationwide compared to 2,165 last year. In what shapes as a repeat of last weekend we are expecting 1,457 […]

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RP Data National Auction Preview

Has it ever been this busy in the Melbourne auction market?

Inclusive of  this weekend, over the past ten weeks we have seen around 11,400 auctions in Melbourne – this equates to an incredible average of over 1,000 auctions per week. This is more remarkable when you take into consideration that there were very few auctions on the weekend before the Melbourne Cup. A review of […]

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RP Data market review, Melbourne: Week ending 1 December 2013

A preliminary clearance rate of 69.2 per cent was reached from 1,385 auctions this week in Melbourne. Over the past four weeks the clearance rate has been below 70 per cent following record levels of supply. A review of the spring market over the past 5 years shows that this year featured the highest levels of […]

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Melbourne market preview - RP Data

RP Data market preview, Melbourne: Week ending 1 December

With just one month to go until the end of 2013, the auction market has started to show the impact of the record run of weekends of over 1,000 auctions. This coming weekend represents the 8th this year, which is double the 4 over the whole of 2012. Interestingly the last time there were 4 […]

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Australia’s population future?

The Australian Bureau of Statistics (ABS) released national population projections earlier this week.  The data looks at the projected growth in the national population from 2012 through to 2101 and the data provides a fascinating insight into the potential future of Australia over the coming years and decades. The projections look at three different scenarios […]

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RP Data market review, Melbourne: Week ending 24 November 2013

A preliminary clearance rate of 66.7 per cent was reached from 996 auctions this week in Melbourne. For three consecutive weeks the clearance rate has been below 70 per cent highlighting the cooling of conditions in the residential auction market. With a few more weekends of over 1,000 auctions – including around 1,500 next week […]

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Homes are selling in Melbourne, just not as fast as in Sydney

RP Data compares the number of new residential listings and total listings on a weekly basis as they help to provide a rounded view of the market. From the perspective of many, the volume of sales can be more important than the price of those sales. The past two years saw a very low volume […]

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Where would you buy if you were a first home buyer looking for a house?

The other day someone asked me if I was a first home buyer where would I choose to buy?  It’s a tough question, particularly if I was looking to buy my first home in Sydney where the median house price is now just over $700,000.  Casting my mind back to 2002 when my wife and […]

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RP Data market preview, Melbourne: Week ending 24 November

Melbourne buyers will be spoilt for choice again this weekend with another 1,000 plus weekend. At the conclusion of this weekend Melbourne will be in the remarkable position of having only had two weeks in the past two months with less than 1,000 homes offered at auction. RP Data is expecting 1,089 auctions in Melbourne […]

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RP Data market review, Melbourne: Week ending 17 November 2013

A preliminary clearance rate of 70.3 per cent was reached from 1,119 auction results so far this week in Melbourne. This was the third largest auction weekend this year and the seventh with over 1,000 auctions scheduled this year for the city. As the Melbourne market heads to the end of the year it appears […]

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