Archive | May, 2014

Melbourne transaction numbers slowly rising

Investors up, first home buyers down in the Melbourne market

A unique and interesting feature of the current housing market in Victoria is not only a rise in investor activity, but the falling numbers of first home buyers. It may be easy to draw the conclusion that investors have forced first home buyers out of the market, however, this is not supported by the data […]

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20140504 Sydney

Auction action: a wrap of the weekend auction markets: Week ending 4 May 2014

Auction volumes increase while clearance rates dip below the same time last year. After two subdued weeks for auctions, the number of auctions held across the combined capital cities increased this week, with 2,033 capital city properties taken to auction, compared to just 881 over the previous week. The preliminary clearance rate for last week […]

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Melbourne home values record small drop in April

Melbourne house values recorded a very minor reduction in April with the latest RP Data Rismark Index results showing a change of -0.4 per cent. Over the last three months they have recorded a 1.7 per cent rise and in the last 12 months there has been a 12.2 per cent rise. The median house price […]

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RP Data Melbourne market preview: Week ending 4 May, 2014

There are 851 auctions scheduled this week in Melbourne compared to 822 this weekend last year. It’s interesting to note that the suburbs which have had the highest volume of houses for sale as a proportion of the total number of homes over the past year are found in the Mornington Peninsula. Mount Eliza had […]

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