Archive | 2014

High yield, high capital gains in the Melbourne market

Investment decisions in property are often presented as choices between yield and capital gains. In Melbourne, there is a small selection of suburbs where both objectives can be met; they have above average capital gains and a yield higher than the citywide one. As past performance is not a guarantee of future performance in the […]

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High volumes after new national auction record

CoreLogic RP Data National Auction Preview, week ending 7 December 2014 Last week saw the highest volume of auctions ever recorded in capital cities with 3,908 auctions held, 10 per cent more than the previous high of 3,548 in December last year. Volumes remain high this week. There are 3,851 auctions scheduled across Australia this […]

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How does the current growth cycle compare to the 2001 to 2004 boom?

In this week’s blog we take a look at how current housing market conditions compare with the boom in home values between 2001 and early 2004.  Immediately a point to note is that the current housing market upswing came off the back of dwelling values falling over the previous two years. If we assume that […]

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Combined capital city dwelling approvals reach an all-time high in October 2014

The Australian Bureau of Statistics (ABS) released building approvals data for October 2014 on Tuesday of this week. The headline data showed that there were 17,062 total dwelling approvals in October 2014.  Total dwelling approvals increased by 11.4% over the month and were 2.5% higher year-on-year.  Although there was quite a strong rebound in monthly […]

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Melbourne Auction Market preview; Week ending 7 December, 2014

There are 1,570 auctions scheduled this week in Melbourne compared to 1,535 for the same time last year. The highest volume of auctions will be found in Mount Waverley where there are 26 expected. The November CoreLogic RP Data November Home Value Index showed that house values fell by 2.8 per cent and unit values […]

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CoreLogic RP Data auction comments | Adelaide

Capital cities record a clearance rate of 66.6% from the weekend

CoreLogic RP Data National Auction Comment, week ending 30 November 2014 A preliminary weighted average clearance rate of 66.6 per cent was recorded this week across capital cities compared to 65.7 per cent last week and 66.9 per cent this time last year. Conditions for buyers at auction are improving as we get closer to […]

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CoreLogic RP Data Property Blog | Melbourne

Where owners are queuing to sell in Melbourne

The residential property market differs from suburb to suburb in many different ways. Some suburbs are tightly held, some are in high demand from buyers and in others, sellers are seeking to capitalise on improved local conditions. It is in these suburbs that CoreLogic RP Data has recorded a substantial increase in the number of […]

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Four more weekends of auctions until Christmas

CoreLogic RP Data National Auction Preview, week ending 30 November 2014 There are 3,977 auctions scheduled across Australia this week. In capital cities there are 3,351 auctions expected, compared to 3,472 for the same period last year. So far this month the auction clearance rate for capital cities has dropped from 68.2 per cent in […]

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Melbourne Auction Market preview; Week ending 30 November 2014

There are 1,426 auctions scheduled this week in Melbourne compared to 1,598 for the same time last year. The highest volume of auctions will be in Reservoir and Richmond, each are expecting 23 auctions. The state election may be on this Saturday but it does not have a significant affect on the market, buyers are […]

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CoreLogic RP Data Auction Comments | Adelaide

National clearance rate of 67.7% recorded over the weekend

CoreLogic RP Data National Auction Comment, week ending 23 November 2014 A preliminary weighted average clearance rate of 67.7 per cent was recorded this week across capital cities compared to 68.5 per cent last week and 65.4 per cent this time last year. There are 4 weeks left for auctions this year and there have […]

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