Archive | May, 2014

Days on market drops in Victoria -- RP Data

Days on market drops in Melbourne

The average number of days a house spends on the market has fallen to a new low according to the latest RP Data monthly update. In March a house for sale by private sale in Melbourne spent 35 days on the market. As most auction selling campaigns are around 28 days, it is interesting to […]

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Adelaide auction results: 19 May 2014

RP Data national auction market comment; Week ending 18 May, 2014

National auction market stable despite a strong rise in the number of properties taken to auction. A preliminary auction clearance rate* of 65.4 per cent was recorded this week across capital cities compared to 65.0 per cent last week and 67.3 per cent this time last year. The auction clearance rate has maintained a stable performance […]

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CoreLogic RP Data national auction preview

RP Data national auction preview; Week ending 18 May, 2014

There are 1,994 auctions scheduled across capital cities this week. This is 30 per cent more than last week and 31 per cent more this time last year. Volumes have increased over the last week in all cities with the exception of Canberra. Last weeks improved clearance rate, up 1.8 percentage points to 65 per […]

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RP Data Melbourne market preview; Week ending 18 May, 2014

There are 979 auctions scheduled this weekend in Melbourne compared to 738 for the same time last year. Conditions in the Melbourne auction market continue to be relatively cool. The clearance rate has exceeded 70 per cent only twice so far in 2014 and has been slowly drifting down since that time. As conditions are […]

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Calder Freeways provides drive for growth

The growing gap in the Melbourne market

In recent times the market for houses in Melbourne has outperformed, in terms of value growth, the unit market. In many respects this is due to increased supply and it also signifies a broader structural change in the market. According to the latest RP Data Rismark Home Value Index April results, the value of houses […]

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Chart 4

Housing finance data for March 2014

The Australian Bureau of Statistics (ABS) released housing finance data for March 2014 earlier today.  The data showed that the number of owner occupier housing finance commitments fell by -0.9% in March.  In value terms, lending to owner occupiers was -1.2% lower over the month and lending to investors was down -0.8%. Looking at the […]

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Sydney Auction Results: WE 11 May 2014

RP Data national auction review; Week ending 11 May, 2014

The preliminary auction clearance rate* of 67.4 per cent was recorded this week across capital cities compared to 62.3 per cent last week and 65.6 per cent this time last year. Volumes have been lower this week as the market heads into a traditionally quieter time in winter. The higher clearance rate is largely a […]

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RP Data National Auction Preview; Week ending 11 May, 2014

Auction volumes fell in all capital cities this week with around 1,376 expected compared to 2,053 last week. This change is consistent with last year’s activity as the market moves into the cooler months. Speculation surrounding the Federal Budget announcements next week is unlikely to have an impact on auctions as buyers and sellers generally […]

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RP Data market preview, Melbourne: Week ending 11 May, 2014

There are 643 auctions scheduled this week in Melbourne compared to 807 this weekend last year. This is a 20 per cent reduction and reflects the record 7 weekends with over 1,000 auctions already held. Last weekends clearance rate was the lowest since late December in 2012. The most popular areas for auctions this weekend […]

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Chart 4

Highlights from the March 2014 building approvals data

The Australian Bureau of Statistics (ABS) released dwelling approvals data for March 2014 earlier this week.  Although the monthly reading recorded a fall, the trend of the data showed that the number of approvals is continuing to rise. Total dwelling approvals fell by -3.5% (seasonally adjusted) over the month however, they are still 20.0% higher […]

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