Archive | April, 2014

RP Data market preview, Melbourne: Week ending 13 April, 2014

There are 1,412 auctions scheduled this week in Melbourne compared to 626 this time last year. With 1,400 also scheduled in Sydney this weekend will provide a rare opportunity to compare the two capital city auction markets. The unprecedented increase in the number of auctions is part of a wider rise in homes on the […]

Read full story Comments { 0 }
Chart 5

Housing finance data for February 2014

Housing finance data for February 2014 was released early today by the Australian Bureau of Statistics (ABS).   The data showed that over the month there were 52,460 owner occupier housing finance commitments. The number of owner occupier housing finance commitments was at its highest level since October 2009 over the month.  Owner occupier housing finance […]

Read full story Comments { 1 }
Private sale market in Melbourne continues to tighten

Private sale market in Melbourne continues to tighten

The weekly auction market may capture the attention of many but just under 70 per cent of all homes in Melbourne are sold at private sale. While this market segment may not have a convenient weekly statistic that  summarises the level of demand and supply, other data in RP Data’s suite of information  supports a […]

Read full story Comments { 0 }
20140406 Sydney

Auction action: a wrap of the weekend auction markets: Week ending 6 April 2014

Melbourne’s preliminary clearance rate falls to the lowest reading so far this year. There were 2,669 auctions held across the combined capital cities last week, having fallen from 3,039 over the previous week. While volumes were down when compared to the previous week, it is expected that this coming week will change that with auction […]

Read full story Comments { 0 }

RP Data market preview, Melbourne: Week ending 6 April, 2014

There are twice as many auctions this week as there was this time last year. This week RP Data is expecting 1,120 auctions in Melbourne compared to only 554 this time last year. Last weeks result showed that increased stock numbers at auction and in the market generally are having an impact with a comparatively […]

Read full story Comments { 0 }
Melbourne home value growth tops the nation

Melbourne home value growth tops the nation

Melbourne property values have increased in March as demand strengthened leading to the largest rise of all capital cities over the first quarter of 2014. The Melbourne property market has now moved from recovery into a growth phase. This has been welcomed by the increasing number of vendors who are now more likely to see […]

Read full story Comments { 0 }