Archive | March, 2014

RP Data market preview, Melbourne: Week ending 16 March, 2014

Auction volumes continue to exceed this time last year with 1035 expected in Melbourne this week. This weekend last year saw 929 auctions held. The healthy results recorded last year and again this year is encouraging more vendors into the market as they are confident of a good sale outcome. This trend of increasing listings […]

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Unemployment expectations

Lower consumer confidence will dampen the housing market

The latest consumer sentiment data arrived yesterday from Westpac and the Melbourne Institute. The reading of consumer confidence fell for the fourth consecutive month and moved below the 100 mark where optimists and pessimists are equally balanced. With a reading of 99.5, the index is virtually at a neutral setting but more than 10 index […]

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Two million is the new one million

The luxury or prestige segment of the residential market is better defined by sales over $2 million as opposed to the old measure of $1 million, after all that covers nine per cent of all sales in Melbourne. Analysis of the sales in Melbourne over the past three years shows the prestige market has not […]

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20140309 Sydney

Auction action: a wrap of the weekend auction markets – Week ending 9 March 2014

Public holidays drive down auction volumes, while Sydney’s preliminary auction clearance rate breaks the 80 per cent mark for the third time this year. RP Data recorded a preliminary auction clearance rate of 70.4 per cent this week, with 1,506 auctions held across the capital cities. Auction volumes are down substantially when compared to the […]

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Sydney

Low effective supply levels likely to be a key factor in housing market conditions

Working out effective supply levels across housing markets around Australia is pretty straight forward.  You just need to know how many homes are currently listed for sale as well as an understanding of the typical ‘run rate’ of sale. RP Data tracks listing numbers nationally via real estate portals and print media as well as […]

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RP Data market preview, Melbourne: Week ending 9 March, 2014

There will be an appreciable drop in auctions over the weekend due to the Labour Day long weekend. RP Data is expecting 291 auctions this coming week in Melbourne. Whilst the market is going very well – the last fortnight has been remarkably strong – the missing component at this stage is first home buyers. […]

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February auction market review, Melbourne

The Melbourne residential auction market over February was the strongest in the past five years from the perspective of listing volumes but ranked second in terms of the number of homes sold. RP Data recorded a total of 2,623 auctions over the month with a clearance rate of 71.5 per cent. Over the previous 5 […]

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20140316 Capital city v2

Auction action: a wrap of the weekend auction markets – Week ending 2 March 2014

Auction volumes and clearance rates much higher than at the same time last year This week, a preliminary auction clearance rate of 72.8 per cent was recorded across 1,494 auction results, with a total of 2,680 auctions held across the capital cities. Both auction clearance rates and auction volumes decreased last week, from 76.2 per […]

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