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Top 5 for Ballarat residential real estate sales during 2013-2014 financial year

With the vast majority of homes sold in the last financial year now settled, it is possible to calculate some of the key numbers in the Ballarat market. Over the year a total of $639m was spent on houses in the City of Ballarat and $68m on units across 1,942 house sales and 281 unit [...]

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National auction market – 5 weeks over 70%

RP Data National Auction Comment, week ending 28 September 2014 A preliminary weighted average clearance rate of 72 per cent was recorded this week across capital cities compared to 70.8 per cent last week and 73.5 per cent this time last year. This is the fifth consecutive week where the national clearance rate has exceeded 70 per cent. [...]

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Auctions halved by AFL Grand Final

RP Data National Auction Preview, week ending 28 September 2014 There are 1,560 auctions scheduled across Australia this week. In capital cities there are 1,210 auctions expected compared to 1,243 for the same period last year, just under half compared to last week’s 2,530. With the AFL Grand Final on this Saturday in Melbourne, real [...]

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RP Data Auction Market preview, Melbourne; Week ending 28 September 2014

There are 72 auctions scheduled this week in Melbourne compared to 92 for the same time last year. Auction numbers are low this week due to the AFL Grand Final. Conditions in the private sale market are becoming more competitive with homes taking fewer days to sell and a lower vendor discount. Recent data shows [...]

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The ‘sweet spot’ of Melbourne real estate

Real estate is a medium to long term investment and even though there is considerable focus on day to day and month on month changes, a review of activity over the last decade can be very illustrative and can be especially useful in revealing the areas of sustained strong demand. The period of 2004 to [...]

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September 2014 Reserve Bank Financial Stability Review

The Reserve Bank released their bi-annual Financial Stability Review (FSR) earlier today.  From a housing market perspective it makes for very interesting reading with the RBA noting that ‘the composition of housing and mortgage markets is becoming unbalanced, with new lending to investors being out of proportion to rental housing’s share of the housing stock.’ [...]

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Is there a shift in attitudes towards home ownership underway?

The state government recently delivered the final installment of its stamp duty cut for most first home buyers. Stamp duty is a significant impost on the purchase of a house, coming at a time when buyers, and in particular first home buyers, need every cent they can get. As stamp duty bills are generally unwelcome [...]

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National clearance rate of 69.2% recorded over the weekend

RP Data National Auction Comment, week ending 21 September 2014 A preliminary weighted average clearance rate of 69.2 per cent was recorded this week across capital cities compared to 72.3 per cent last week and 73.1 per cent this time last year. The capital cities auction market has clearly lifted since winter, primarily due to [...]

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Auction numbers rise 12% in capital cities this week

RP Data National Auction Preview, week ending 21 September 2014 There are 2,757 auctions scheduled across Australia this week. In capital cities there are 2,339 auctions expected compared to 2,109 for the same period last year and 2,080 last week. Auctions are occurring across 1,130 different suburbs with 73 per cent of those auctions for [...]

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RP Data Auction Market preview, Melbourne; Week ending 21 September, 2014

There are 1090 auctions scheduled this week in Melbourne compared to 984 for the same time last year. The highest volume of auctions this week is in Reservoir with 24 expected followed by 23 in Hawthorn and 22 in Brighton. Last week was the 12th time this year where in excess of 1,000 auctions were [...]

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