Investor activity by distance from Melbourne CBD

What drives investment activity in one suburb over another? Is it pursuit of a high yield or is it a desire for good capital gains? These are often debated topics and interestingly the data suggests there is not one clear-cut answer. For instance, a review of the proportion of houses owned by investors in the [...]

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National clearance rate stable at 68.4 per cent

RP Data National Auction Comment, week ending 17 August, 2014 A preliminary weighted average clearance rate of 68.4 per cent was recorded this week across capital cities compared to 68 per cent last week and 70.4 per cent this time last year. The health of the national auction market this year is highlighted by the [...]

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Solid auction market a reflection of good capital gains in Sydney and Melbourne

RP Data National Auction Preview, week ending 17 August, 2014 There are 1,819 auctions scheduled across Australia this week. In capital cities there are 1,429 auctions expected compared to 1,470 for the same period last year. The healthy level of listings for auctions is a reflection on the state of the broader market. Auctions traditionally [...]

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RP Data Auction Market preview, Melbourne; Week ending 17 August, 2014

There are 658 auctions scheduled this week in Melbourne compared to 668 for the same time last year. The growth in the volume of homes being listed for sale in Melbourne has slowed following a strong first half of the year. A range of data available which highlights the moderate, but not strong, nature of [...]

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You can’t always judge a suburb by its median sale price

Around one in ten of all residential home sales in Melbourne transact for more than $1m and most are concentrated in the inner east and south east. Such is the concentration that it is very hard to find a suburb with a median house price of under $1m along the length of Burke Road. That [...]

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Sydney leads as national clearance rate dips to 65.9%

RP Data National Auction Comment, week ending 10 August, 2014 A preliminary weighted average clearance rate of 65.9 per cent was recorded this week across capital cities compared to 68.9 per cent last week, and 70.1 per cent this time last year. The lower clearance rate was a result of a softening in the Melbourne market. [...]

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Housing finance data for June 2014

The total value of housing finance commitments increased by 1.0% in June 2014.  The total value of housing finance commitment is 15.6% higher year-on-year.  Meanwhile the number of housing finance commitments to owner occupiers has increased by 0.2% over the month and has increased by just 2.4% over the 2013/14 financial year. The total value [...]

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Don’t expect Melbourne values to rise by 44% over the coming year

It was surprising to see an article published by Fairfax late last week that criticized our publication of monthly housing market statistics.  The article (that can be viewed here) remarks that the RP Data indices are ridiculous and implies that the monthly results are misleading.  The theme of the article focusses on the monthly result [...]

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Volumes and clearance rates stable

RP Data National Auction Preview, week ending 10 August, 2014 There are 1,726 auctions scheduled across Australia this week. In capital cities there are 1,372 auctions expected compared to 1,441 for the same period last year. Based on previous years this annual period typified by low auction volumes should be over by the end of [...]

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RP Data Auction Market preview, Melbourne; Week ending 10 August, 2014

There are 673 auctions scheduled this week in Melbourne compared to 677 for the same time last year. Buyers are clearly in the market for capital gains, as yields remain low at 3.3 per cent for houses; the lowest of all capital cities. Low yields translate into good conditions for renters in many parts of [...]

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