Archive | March, 2014

Chart 1

Housing market is absorbing new supply faster than it is being added

The number of unique residential properties advertised for sale across the country over the four weeks to 30 March 2014 was recorded at 243,941.  This figure consists of 47,805 newly listed properties over the four weeks and 196,136 re-listed properties.  As highlighted by the RP Data listings index, there has been a surge in the […]

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20140330 Capital city

Auction action: a wrap of the weekend auction markets: Week ending 30 March 2014

Clearance rates slip while the capital cities see the highest auction volumes so far this year. Last week was the busiest week so far this year for capital city auctions, with 3,009 properties taken to auction, increasing from 2,466 over the previous week. Although auction volumes increased across the capital cities last week, the same […]

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Chart 4

Analysis of the ABS Demographic Data release for September 2013

Today the Australian Bureau of Statistics (ABS) released its quarterly demographic statistics for September 2013.  Unfortunately this data set has a significant reporting lag nevertheless it is still a valuable regular release. Over the September 2013 quarter, the national population increased by 100,556 persons or by 0.4%.  Throughout the 12 months to September 2013, the […]

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RP Data market preview, Melbourne: Week ending 30 March, 2014

This week RP Data is expecting 1,320 auctions in Melbourne. This weekend last year was during Easter so does not provide a useful comparison. This is the third week in a row with over 1,000 auctions and that is unprecedented in Melbourne. The highest volume of auctions is in Reservoir with 26 followed by St […]

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Highest yielding Melbourne  - Outer suburbs

Melbourne’s highest gross rental yields by distance from the city

Investors are always seeking locations and property types that can deliver the highest returns on their investment. In this analysis RP Data highlights some interesting outcomes in Melbourne. Those suburbs within a 10kms radius of the Melbourne CBD with the highest yield for houses were Brunswick East and St Kilda East. Both suburbs returned a […]

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20140323 Sydney

Auction action: a wrap of the weekend auction markets: Week ending 23 March 2014

National auction clearance rates recorded above the 70 per cent mark for the sixth week in a row. Over the week, auction volumes remained relatively steady, with 2,431 capital city properties taken to auction, increasing only slightly from 2,293 the previous week. Meanwhile, the weighted auction clearance rate across the combined capital cities improved slightly […]

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chart 3

More gain, less pain: Fewer homes selling at a loss as dwelling values continue to rise

RP Data has today released our latest Pain & Gain Report for the December 2013 quarter. The report found that of those residential properties re-sold throughout the final quarter of 2013, 9.7% were sold for less than their previous purchase price compared to 31.8% of re-sold homes transacting for more than double their previous purchase […]

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RP Data market preview, Melbourne: Week ending 23 March, 2014

Auction volumes remain strong this week with 1,076 expected in Melbourne and 1,154 across Victoria. This is the first time there has been consecutive weekends with over 1,000 auctions in March. The healthy demand that is present in the auction market is also apparent in the private sales market. Days on market for houses in […]

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RP Data Melbourne Market preview

Over $10 Million spent on real estate every day in Boroondara during 2013

It takes a few months after the end of the calendar year for a vast majority of property transactions to settle and be finalised. With final numbers for 2013 now available, a comparison with previous years can now be undertaken. In 2013 there were 81,590 residential sales in Melbourne and 107,845 in Victoria. Looking at […]

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20140316 Melbourne v2

Auction action: a wrap of the weekend auction markets: Week ending 16 March 2014

Auction volumes bounce back, but performance is varied across the major auction markets. After a quiet week for auctions the previous week, auction volumes across each capital city market increased last week with 2,289 auctions held across the combined capital cities, compared to just 1,520 over the previous week. Last week, the preliminary auction clearance […]

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