Archive | May, 2014

Chart 5

New listings much higher than a year ago while total listings have recently risen and are now are at a similar level as a year ago

RP Data tracks the number of unique residential properties listed for sale each week across the nation, individual states, individual capital cities and combined capital cities. The data is captured for residential houses and units as well as vacant residential land.  The count of listings is undertaken on a rolling 28 day basis and separates […]

Read full story Comments { 0 }

Sydney & Melbourne auction markets break records in pre Queen’s Birthday auctions

RP Data National Auction Preview, week ending 1 June, 2014 There are 3,439 auctions scheduled across Australia this week with 2,855 expected in capital cities. There are 1,010 more auctions in capital cities than was the case on the same weekend a year ago but only 69 more than last weekend. The high volume this […]

Read full story Comments { 0 }
Chart 3

Taxation revenue from property continues to climb in 2012-13

Earlier this week the Australian Bureau of Statistics (ABS) released data which revealed that 46.4% of state and local government taxation revenue over the 2012-13 financial year came from property related taxes. The data showed that over the year, state and local governments collected a record $35.931 billion in taxes from property related sources.   In […]

Read full story Comments { 1 }

RP Data market preview, Melbourne; Week ending 1 June, 2014

There are 1,264 auctions scheduled this week in Melbourne compared to 867 for the same time last year. The strong level of auction listings in the first 5 months of this year compared to 31.6 per cent higher last year is a reflection of two things; firstly it shows the confidence of vendors where they […]

Read full story Comments { 0 }
Melbourne auction market records - RP Data

Melbourne auction market records

With the first 5 months of 2014 almost complete, it is worth noting that a large number of auction records have been broken in the Melbourne market. Highest volume of auctions ever Taking into account the expected auctions this week there have been around 16,236 auctions already held this year which is 30 per cent […]

Read full story Comments { 3 }
Chart 9

APRA Data highlights rising prominence of interest-only and high LVR lending

APRA today released data on Australian ADIs (Authorised Deposit-taking Institution) exposure to property earlier today.  The data showed that at the end of the March 2014 quarter, there was $1.2 trillion worth of residential loans to households across Australia, up from $1.17 trillion at the end of 2013. Focusing on the total value of lending, […]

Read full story Comments { 2 }
RP Data national auction comments, Adelaide

RP Data National Auction Comment; Week ending 25 May, 2014

Volumes rise and demand increases across capital city auction markets A preliminary auction clearance rate* of 66.1 per cent was recorded this week across capital cities compared to 66.6 per cent last week and 67.1 per cent this time last year. Demand from buyers was clearly sufficient to ensure that the clearance rate was largely […]

Read full story Comments { 0 }

RP Data National Auction Preview; Week ending 25 May, 2014

Unprecedented volume of auctions across Australian capital cities this week There are 3,111 auctions scheduled across Australia this week with 2,589 expected in capital cities – a remarkable 53 per cent more than the 1,687 auctions held a year ago. Vendors may be concerned about the high volume of competing auctions but should gain confidence […]

Read full story Comments { 0 }

RP Data market preview, Melbourne; Week ending 25 May, 2014

Melbourne auction volumes remain high as there are 1,137 auctions scheduled this week in Melbourne, compared to 823 at the same time last year. This will be the ninth week with more than 1,000 auctions in Melbourne. The highest number of auctions this week is in Glen Iris with 24 followed by Northcote and South […]

Read full story Comments { 0 }
Sydney 2014

A case study of Sydney housing over time

Over the three months to April 1990, the median selling price of a dwelling (a combination of houses and units) across Sydney was recorded at $152,500.  As at April 2014, the median selling price of a dwelling was $680,000 which represents a 347% increase in selling price over the 24 year period.  Of course a […]

Read full story Comments { 0 }