Archive | June, 2014

RP Data auction comments - Adelaide

Demand in Melbourne auction market rises 

RP Data National Auction Comment, week ending 15 June, 2014 A preliminary weighted average clearance rate of 66.6 per cent was recorded this week across capital cities compared to 60.6 per cent last week and 63.3 per cent this time last year. Sydney has returned a result consistent with its performance over the year and […]

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Capital city auction volumes rise 9 per cent on same time 2013

RP Data National Auction Preview, week ending 15 June, 2014 There are 2,345 auctions scheduled across Australia this week with 1,936 expected in capital cities. Auctions will occur in 1,096 separate suburbs. The 9 per cent increase in auction volumes compared to this time last year is driven mainly by the Sydney market where there […]

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Forget affordability measures and ask yourself some tough questions

There are many measures of affordability in the marketplace, sadly I believe that many of these measures fail to accurately depict the affordability or otherwise of housing in Australia.  The main reason being that housing affordability is an extremely complex issue and many factors drive the affordability of housing.  In this blog post I am […]

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RP Data Auction Market preview, Melbourne; Week ending 15 June

There are 922 auctions scheduled this week in Melbourne compared to 868 for the same time last year. Auction volumes remain high despite the season. Based on settled sales in the first quarter of this year, the suburbs with the highest number of house sales were mainly in the growth areas, suburbs with a high […]

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Melbourne housing results for July | RP Data Rismark Indices

Investor activity high in growth suburbs of Melbourne

Research by RP Data comparing the level of property ownership between owner occupiers and investors at a suburb level in Melbourne reveals some clear and interesting trends. The results show that ownership for investment purposes in the Melbourne detached housing market is strongest in the growth suburbs. In many of the cities growing outer suburbs […]

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RP Data auction comment - Adelaide

Low auction volumes across capital cities

RP Data National Auction Comment; Week ending 8 June, 2014 A preliminary weighted average clearance rate of 59.9 per cent was recorded this week across capital cities compared to 66.4 per cent last week and 61.4 per cent this time last year. This is well below the year’s high of 76.2 per cent recorded in […]

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Chart 7

Housing finance data for April 2014

Housing finance data for April 2014 was released today by the Australian Bureau of Statistics (ABS).  The headline figure for the number of owner occupier housing finance commitments was flat over the month however, dig a little deeper and there are some differing trends emerging. As mentioned, the number of owner occupier housing finance commitments […]

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Auction market takes a breather for the long weekend

RP Data National Auction Preview, week ending 8 June, 2014 There are 1,425 auctions scheduled across Australia this week with 1,073 expected in capital cities. Volumes remain higher than this time last year and are 38% higher, however, these are lower than last week due to the long weekend in most parts of the Australia. […]

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Weekly clearance rate

Has the housing market moved through the peak of the growth cycle?

The RP-Data Rismark Home Value Index reported its first month on month fall in May after capital city dwelling values consistently rose over the previous eleven months. The extent to which the May decline was a seasonal factor has been a key topic across the media; generally the month of May is a seasonally weak […]

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RP Data market preview, Melbourne; Week ending 8 June, 2014

There are 303 auctions scheduled this week in Melbourne compared to 197 for the same time last year. Volumes are temporarily low due to the long weekend. So far this year there have been 16,357 auctions and a clearance rate of 67.5 per cent compared to 68.6 per cent from 12,341 auctions this time last […]

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