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Top 10 Melbourne Suburbs by Vendor Discounting

Melbourne’s Top 10 suburbs by Vendor Discounting

Key points Vendor discount is great metric for buyers and sellers Springvale was the most highly discounted suburb in 2014* Million dollar suburbs dominated the highest discounts in 2009* One of the more interesting property market metrics tracked by CoreLogic RP Data is the average vendor discount. It shows the difference between the advertised price […]

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Table National top 20

Some words of caution on housing supply

In a blog post produced a few weeks ago (HERE), we highlighted that the number of dwellings approved for construction reached an all-time high over the year to November 2014 with almost 200,000 approvals registered nationally.  Over the year house approvals were up 3.6% compared with an 18% increase in the number of multi-unit dwellings […]

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More homes being prepared for sale: Real estate agent activity gathers pace in 2014

One of RP Data’s core services is supplying real estate agents with timely property data to assist them with undertaking comparative analysis of their local market place (amongst other things), which they in turn use to determine the appropriate listing price of a property.  Our services are used by approximately 70% of all real estate […]

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Housing supply to remain weak in 2011

Dwelling commencements across the country have decreased significantly over the last quarter to September 2010. The latest figures released by the ABS show a -13.2% decline (seasonally adjusted)  in the number of dwelling commencements across the country over the September quarter however, they are recorded 12.4% higher than the same time last year. Housing supply, […]

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New home sales US

US housing markets in stark contrast to Australia's

The latest news to come out of the US housing market is that new home sale volumes have slumped to levels not seen since 1963 and established home sales have fallen to a decade low.  The new home sales figures are considered to be a leading indicator for established home sales market, suggesting the US […]

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New South Wales gets it right

The recently announced New South Wales Budget sets out some of the most strategic property related initiatives seen to date, with incentives aimed at improving housing supply and affordability rather than simply throwing money at the symptoms. The most important announcement was that stamp duty, largely viewed as one of the most inequitable and inefficient […]

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It's all about the planning

The Queensland State Government announced two new initiatives this week.  The first being plans to develop three new satellite cities capable of housing a total of 250,000 residents at Yarrabilba, Ripley Valley and Greater Flagstone within the Greater Brisbane Region.  The second announcement being that the State Government would offer an increase to the current […]

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Supply gap

The Government's take on housing supply

The Federal Government’s National Housing Supply Council released their second State of Supply Report this week.  Probably the most important finding of the 228 page document was the estimate that nationally there is a cumulative undersupply of 178,400 dwellings.  The greatest undersupply in dwellings was found to be within New South Wales (57,600) and Queensland […]

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A shaky start for new housing supply in 2010

Dwelling approvals data released on the 2nd day of March by the Australian Bureau of Statistics was a stark reminder that the amount of new housing approved for construction remains well out of kilter with Australia’s rapid rate of population growth.   The total number of approvals fell by 7 percent on a seasonally adjusted basis […]

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Number of dwelling approvals, National

Dwelling approvals jump to highest level since 2004 in December

Building approvals data for December has just been released by the Australian Bureau of Statistics which shows a positive upwards trend in the number of homes approved for construction.  On a seasonally adjusted basis dwelling approvals rose 2.2 per cent in December with 14,869 planned dwellings given the green light.  This is the second consecutive […]

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