Archive | February, 2014

RP Data market preview, Melbourne: Week ending 2 March, 2014

Buyers will need to take last weekend’s very strong result into account at the 1228 auctions scheduled this week. A clearance rate in the mid 70’s indicates that they will face more competition when bidding for the homes at auction and this may translate into higher prices being paid. That result came after a new […]

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80pct lvr loans

APRA’s domestic ADIs property exposure data for the December 2013 quarter

Each quarter the Australian Prudential Regulation Authority (APRA) publishes data on the exposure of Australian Authorised Deposit-taking Institutions (ADI).  The data is extremely useful as it provides highlights of all outstanding exposures (mortgages) and also some information about those written over the quarter. The data indicates that across all ADIs, 66.7% of the value of […]

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Melbourne auction market preview | RP Data

Where to find a house in Melbourne for less than $400,000

Currently, Melbourne’s median house price was $610,000 based on sales in the December quarter. Naturally, this captures a lot of attention, however, it’s worth remembering that there are lot of houses that sell for a lot more affordable prices. Over the past year, just under 30 per cent of all houses in Melbourne sold for […]

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RP Data market review, Melbourne: Week ending 23 February, 2014

A preliminary auction clearance rate of 79 per cent was reached from 1147 auctions this week in Melbourne. This compares to 69.5 per cent for the same time last year when there were around 19 per cent fewer auctions. If the final result is similar to the preliminary one it will be the highest clearance rate since May 2010, a time when the market […]

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Where are the highest volume of homes for rent in Melbourne?

Based on rental advertisements*, the easiest place to find a rental home in Melbourne is in the inner city or inner southeast.  Melbourne, St Kilda, South Yarra, Southbank and Docklands have each seen well over 1,000 units advertised for rent in the past year. The central suburb of Melbourne recorded just over 4,000. The high […]

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RP Data Market preview, Melbourne: Week ending 23 February, 2014

The first two weeks of auctions for the year suggest that the improvements recorded over the course of 2013 will be lasting. This will be the first weekend with more than 1,000 auctions this year. Last year there was a record 11 weekends with in excess of 1,000 auctions. The next two weeks are significant, […]

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RP Data market review, Melbourne: Week ending 16 February, 2014

A preliminary auction clearance rate of 70.9 per cent was reached from 650 auctions this week in Melbourne. This compares to 64.4 per cent for the same time last year when there were around 30 per cent fewer auctions. The market is easily absorbing the increased volume of homes being offered for auction. This result […]

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Sydney

More homes being prepared for sale: Real estate agent activity gathers pace in 2014

One of RP Data’s core services is supplying real estate agents with timely property data to assist them with undertaking comparative analysis of their local market place (amongst other things), which they in turn use to determine the appropriate listing price of a property.  Our services are used by approximately 70% of all real estate […]

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RP Data market preview, Melbourne: Week ending 16 February

The Melbourne auction market continues to build this week with 719 auctions expected as part of 838 across Victoria. This represents a 30 per cent rise in volume compared to the same time last year. As volumes rise a more accurate picture of the current level of demand will emerge and allow for an assessment […]

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Melbourne Market: Tightly held million dollar suburbs

While most people are not buying homes in the city’s million dollar suburbs, if you were, which would be the easiest to purchase in? Based on the latest housing market information from RP Data, Melbourne has 45 suburbs with a median house value in excess of one million dollars. Toorak had the highest value at […]

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