Archive | March, 2015

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Only 1 out of 100 apartments has 4 bedrooms in Melbourne’s CBD

Key points Across 2013 and 2014 only 1 per cent of apartments advertised for sale in Melbourne had 4 bedrooms Two bedroom apartments are more likely to be found in Southbank and Docklands than Melbourne In Brighton only 9 per cent of apartments had one bedroom It will come as no surprise that there are […]

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Investor lending by state

What does a 10% cap on growth in investment mortgage lending look like?

Late last year the Australian Prudential Regulation Authority (APRA) wrote to Australian Authorised Deposit-taking Institutions (ADIs) reinforcing sound residential mortgage lending guidelines. One of the guidelines related to the growth in investor lending. The letter stated, ‘annual investor credit growth materially above a benchmark of 10 per cent will be an important risk indicator that […]

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National auction review - Adelaide

Highest national clearance rate in 6 years

CoreLogic RP Data National Auction Comment, week ending 15 March 2015 A preliminary weighted average clearance rate of 78.3 per cent was recorded this week across capital cities compared to 74.5 per cent last week and 70.8 per cent this time last year. This is the highest national clearance rate in 6 years, since 79.7 […]

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Capital city auction market improving on 2014

CoreLogic RP Data National Auction Preview, week ending 15 March 2015 It is already clear that this year is on track to record both a higher number and higher proportion of sales by auction across capital cities. Last year saw 21.5 per cent of all residential sales in capital cities by auction and this was […]

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Mortgage Index

Housing finance eases in January but the proportion of lending to investors hits an all-time high

The Australian Bureau of Statistics (ABS) released housing finance data for January 2015 yesterday. This data represents the first full month of lending-based results after APRA’s recommendation to Australian Authorised Deposit-taking Institutes (ADI’s) reinforcing sound residential mortgage lending benchmarks. Over the month the total value of housing finance commitments fell by -0.6% across both the […]

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Melbourne Auction Market preview; Week ending 15 March, 2015

There are 1149 auctions scheduled this week in Melbourne compared to 1085 for the same time last year. Last week’s lower volume produced an outcome in line with trend with the overall auction market continuing to be better than last year. The highest volume of auctions will be held in Reservoir with 22 scheduled. The […]

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Buying into a tightly held suburb - Brunswick East

Buying into a tightly held suburb of Melbourne

There are many different ways of looking at the market and making judgements about its performance. You can look at sale prices, days on market or even turn up at auctions and count the number of active bidders. These metrics will invariably tell you how the market is performing, whether is trending up, down, flat […]

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National auction comments - Adelaide

Strong demand in Sydney the main feature of weekend

CoreLogic RP Data National Auction Comment, week ending 8 March 2015 A preliminary weighted average clearance rate of 73 per cent was recorded this week across capital cities compared to 76.4 per cent last week and 70.2 per cent this time last year. The main auction activity this week was in Sydney and that ensured […]

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Short drop in auction market volumes after strong fortnight

CoreLogic RP Data National Auction Preview, week ending 8 March 2015 Strong auction demand continued in Sydney, Melbourne and Canberra last week with all three markets recording clearance rates in excess of their 2014 trend and they were joined by Adelaide where a clearance rate in excess of 70 per cent was recorded for the […]

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Melbourne Auction Market preview; Week ending 8 March, 2015

There are 312 auctions scheduled this week in Melbourne compared to 329 for the same time last year. Volumes are low due to the Labour Day long weekend. The highest volume of auctions in one suburb is the very popular Glen Waverley where 7 are scheduled. The February Home Value Index results showed the dwelling […]

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