Yield data

Evidence growing that rents and yield are on the improve

With property value growth flat over the September quarter and the market transitioning from a period of strong growth to relatively flat conditions, we have long expected that rental market activity would start to pick up. Data included within the RP Data-Rismark Home Value Index shows that the anticipated improvements in the rental market are […]

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TOM Units

Buyers gaining leverage over sellers

RP Data have been suggesting that the Australian housing market is likely to show, at best, flat growth in property values over the remainder of 2010 which will in-turn result in increasing levels of vendor discounting and a longer time of sale. With today’s release of the September RP Data-Rismark Home Value Index we also […]

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Acution volumes in Melbourne

Melbourne’s Super Saturday

On a national basis, the number of auctions taking place has remained very buoyant during spring and is above average in all capital cities.  Meanwhile, auction clearance rates have been trending lower since May of this year, it’s no coincidence that nationally, property value growth has begun to also taper since May of this year. […]

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Percentage by state

First home buyers most attracted to jobs rather than affordability

The housing finance data released by the Australian Bureau of Statistics on Oct 11 shows that first home buyer demand has remained weak.  During August the number of home loans taken by first time buyers was just 7,460.  Volumes hadn’t been that low since Feb 2005.  As a proportion of the overall owner occupier market, […]

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Rolling change

US Housing market starting to recover?

According to the latest Core Logic House Price Index the median price across America was recorded at $179,000 at the end of September 2010.  According to the Index, US house prices peaked at $229,000 during September 2005, from this peak median prices fell by as much as -27.9%.   Five years after the peak, the country’s […]

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Qld vs NSW

Australia’s rate of population growth slows during March

Australia’s population grew by 1.8% over the 12 months to March 2010 or by more than 403,000 persons.  Despite the fact that the rate of population growth remains extremely strong, it has fallen well below the recent peak in annual growth recorded at 2.2% over the year to Dec-08 and Mar-09. Note: the dotted line […]

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Auction volumes table

Auction market update

RP Data tracks auction results across all capital cities of the country, typically collecting results for between 85% and 90% of all auctions each week. Through our Agent’s Advice team we contact our vast network of agents to compile the most accurate auction figures possible.  With this level of data collection we can confidently comment […]

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Unemployment remains high in agricultural areas and parts of the city fringe

The unemployment rate across Australia has fallen to just 5.1%, however the headline figures hide the fact there are key regions around the country where the number of unemployed remains high.  The map below, which plots the unemployment rate across Australia’s ‘Statistical Regions’ shows a clear trend.  The areas showing unemployment rates above 7% are […]

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Unemployment rate by state

Jobs market approaching full employment

Labour force data released by the Bureau of Statistics yesterday shows the Australian jobs market continues to outperform expectations.  The unemployment rate across the country has fallen to just 5.1% in seasonally adjusted terms.   The falling jobless rate has sparked debate that there is likely to be more upwards pressure on interest rates as […]

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Perth GDP vs property values

Strong GDP figures don't necessarilly translate to strong property value growth

The strength of the Australian economy surprised most of the economic community when GDP figures were released earlier this week.  The seasonally adjusted figures showed the Australian economy grew by 1.2% over the June quarter and 3.3% over the year.  The broad expectation was for a 0.9% increase in the rate of economic expansion. It’s […]

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