Archive | June, 2014

RP Data Adelaide Auction Comment

Capital city auction numbers rise 38 per cent

RP Data National Auction Comment, week ending 29 June, 2014 A preliminary weighted average clearance rate of 68.1 per cent was recorded this week across capital cities compared to 65.4 per cent last week and 66.9 per cent this time last year. Based on the auctions conducted in the first six months of this year […]

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Scheduled auctions in Sydney exceed those in Melbourne

RP Data National Auction Preview, week ending 29 June, 2014 There are 2,169 auctions scheduled across Australia this week across 1,137 different suburbs or towns. In capital cities there are 1,769 auctions expected compared to 1,572 to the same period last year. The overall national auction market is displaying a very consistent performance right now […]

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RP Data Auction Market preview, Melbourne; Week ending 29 June, 2014

There are 728 auctions scheduled this week in Melbourne compared to 719 for the same time last year. The highest number of auctions are expected in the northern suburbs of Melbourne this week with 14 scheduled in Preston and 13 in neighbouring Reservoir. The Melbourne auction market appears to be improving with the clearance rate […]

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Proportion of sales by auction, Melbourne

Three out of ten properties sold by auction in Melbourne

Last year Melbourne saw 30.5 per cent of sales by auction compared to 21.1 per cent for the previous year. The proportion of sales by auction tends to follow the market; rising when prices and demand increases and falling in soft markets. Early indications this year are showing that new records are likely to be […]

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Chart 7

Unemployment peaks lower than forecast on lower participation

The Australian Bureau of Statistics (ABS) recently published labour force statistics for May 2014. The data reported that the national unemployment rate was steady at 5.8%, the 3rd month in a row it had been recorded at this level. The rate of unemployment is up from 5.5% a year ago but still well below the […]

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RP Data: Auction comments, Adelaide

Auction market stable across capital cities

RP Data National Auction Comment, week ending 22 June, 2014 A preliminary weighted average clearance rate of 66.6 per cent was recorded this week across capital cities compared to 65.5 per cent last week and 66 per cent this time last year. A medium term review of the national auction market shows stable performance after […]

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NSW regional centre tops the list for auctions across Australia

RP Data National Auction Preview, week ending 15 June, 2014 There are 2,216 auctions scheduled across Australia this week with 1,787 expected in capital cities. The highest volume of auctions in one place this week is in the NSW regional town of Dubbo with 23 auctions planned before the weekend. Auction volumes have dropped from […]

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RP Data Auction Market preview, Melbourne; Week ending 22 June, 2014

There are 834 auctions scheduled this week in Melbourne compared to 820 for the same time last year. Last week was the eleventh time this year that there were more than 1,000 auctions in a week. The latest data shows the use of auctions as a sales method is consistent with last year. In the […]

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Suburbs where homes rarely come up for sale - RP Data

Melbourne suburbs where homes rarely come up for sale

Folklore says that people buy and sell every seven or so years. However, the truth does seem to be longer with the average hold period for all the homes sold in Melbourne in the year ending 31 March being 11.4 years, and 9.5 years for units. What’s even more interesting are the suburbs whose owners […]

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Major resource areas

Making a profit or loss from real estate: an overview of RP Data’s latest Pain & Gain report

RP Data has just released its quarterly Pain & Gain Report for the March 2014 quarter. Over the first quarter of the year, 9.8% of properties nationally sold for less than their previous purchase price meaning 90.2% of properties sold at or above their previous purchase price. This analysis doesn’t include expenses such as holding […]

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