Archive | November, 2014

RP Data Auction Market preview, Melbourne; Week ending 16 November, 2014

There are 1,338 auctions scheduled this week in Melbourne compared to 1,270 for the same time last year. The most auctions will be found in Bentleigh East with 29. Auctions are generally more popular in the most expensive segment of the market and some suburbs have been recording multiple sales in the ultra expensive category. […]

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Bentleigh to soon become million dollar suburb | RP Data | Robert Larocca

Bentleigh soon to become a million dollar suburb…

The most recent update to the list of million dollar suburbs in Melbourne has seen 50 reach or exceed that mark. This is an increase of one on last month with Caulfield East joining the list. The median value of a house in that suburb is now $1,002,366. Prior to Caulfield East the other recent […]

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Chart 5

The proportion of investment lending hits a record high in September

The Australian Bureau of Statistics (ABS) published housing finance data for September earlier this week.  The data showed that the proportion of lending to investors hit a record high in September.  At the same time the data indicates that demand from owner occupiers is starting to slow. Over recent years the data on the value […]

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RP Data auction market comments | Adelaide

National clearance rate of 63.7% recorded

RP Data National Auction Comment, week ending 9 November 2014 A preliminary weighted average clearance rate of 63.7 per cent was recorded this week across capital cities compared to 68.7 per cent last week and 68.3 per cent this time last year. It is interesting to note that due to an increase in the popularity […]

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Melbourne home values rise in October

Last month saw a new record week for auctions in Melbourne and an improvement in the whole residential market. In October there was a clearance rate of 70.5 per cent, down slightly from the same time last year when it was 71.5 per cent. The overall number of homes sold rose by 7.6 per cent […]

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Why would deflation of our largest asset class be a good thing? | RP Data

Why would deflation of our largest asset class be a good thing?

Balancing an economy is undoubtedly a tough ask for anyone. Our inflation targeting Reserve Bank looks to maintain inflation within a range of 2% to 3% on an annual basis over the cycle.  Too much inflation is not ideal, nor is deflation, so the RBA tries to tweak monetary policy to stimulate the economy in […]

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This weekend’s national auction preview sees record auctions in Canberra

RP Data National Auction Preview, week ending 9 November 2014 There are 3,174 auctions scheduled across Australia this week. In capital cities there are 2,607 auctions expected compared to 2,548 for the same period last year. Canberra will have a record number of auctions this week, becoming the second capital city to post a record […]

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RP Data Auction Market preview, Melbourne; Week ending 9 November, 2014

There are 999 auctions scheduled this week in Melbourne compared to 1,123 for the same time last year. The most auctions will be found in Mount Waverley with 20 followed by 19 in St Kilda and 16 in Glen Waverley. With just under two months remaining in the year it is worth noting that October […]

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RP Data Auction Comment | Adelaide

Sydney leads way from the weekend’s auction market results

RP Data National Auction Comment, week ending 2 November 2014 A preliminary weighted average clearance rate of 71.1 per cent was recorded this week across capital cities compared to 69.3 per cent last week and 70.3 per cent this time last year. With volumes low in Melbourne due to the Melbourne Cup the main activity […]

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