There are 49 auctions scheduled this week in Melbourne; the total volume of auctions is affected by the upcoming Easter and Anzac Day public holidays. The lower volume of auctions does not reflect the broader level of supply with overall volumes continuing to rise. The high level of supply is having an impact on prices [...]
From a first home buyer perspective, there is something very wrong with the housing market in Victoria. In February, the most recent data available from the Australian Bureau of Statistics (ABS) showed that the total number of dwellings financed for first home buyers had sunk to a 23 year low. In February there were 1,402 [...]
The Australian Bureau of Statistics has recently released demographic data at a capital city level to June 2013. We have previously covered the population data on this blog however, when the data is paired with dwelling approvals data over the same period there are some very interesting findings. Over the 12 months to June 2013, [...]
Auction volumes high across the capital cities, with Sydney breaking all time record. There were a total of 3,491 capital city auctions held across Australia last week, up from 2,692 over the previous week. With auction volumes at the highest levels seen so far this year, clearance rates increased from 66.2 per cent over the [...]
There are 1,412 auctions scheduled this week in Melbourne compared to 626 this time last year. With 1,400 also scheduled in Sydney this weekend will provide a rare opportunity to compare the two capital city auction markets. The unprecedented increase in the number of auctions is part of a wider rise in homes on the [...]
Housing finance data for February 2014 was released early today by the Australian Bureau of Statistics (ABS). The data showed that over the month there were 52,460 owner occupier housing finance commitments. The number of owner occupier housing finance commitments was at its highest level since October 2009 over the month. Owner occupier housing finance [...]
The weekly auction market may capture the attention of many but just under 70 per cent of all homes in Melbourne are sold at private sale. While this market segment may not have a convenient weekly statistic that summarises the level of demand and supply, other data in RP Data’s suite of information supports a [...]
Melbourne’s preliminary clearance rate falls to the lowest reading so far this year. There were 2,669 auctions held across the combined capital cities last week, having fallen from 3,039 over the previous week. While volumes were down when compared to the previous week, it is expected that this coming week will change that with auction [...]
There are twice as many auctions this week as there was this time last year. This week RP Data is expecting 1,120 auctions in Melbourne compared to only 554 this time last year. Last weeks result showed that increased stock numbers at auction and in the market generally are having an impact with a comparatively [...]
Melbourne property values have increased in March as demand strengthened leading to the largest rise of all capital cities over the first quarter of 2014. The Melbourne property market has now moved from recovery into a growth phase. This has been welcomed by the increasing number of vendors who are now more likely to see [...]
RP Data is Australia's #1 Property Information Provider. Our blog is maintained by RP Data’s research director, Tim Lawless and Cameron Kusher who is RP Data’s senior research analyst. We hope you find the information we post here useful and we welcome your comments and feedback.
Regards, The Team @ RP Data
- Negative gearing and its impact on the housing market December 13, 2012
- Dispelling the myths about our new Index methodology March 2, 2012
- There were 1,213,595 individuals with a negatively geared property over the 2010/11 financial year May 9, 2013
- RP Data market preview, Melbourne: Week ending 20 April, 2014 April 17, 2014
- First home buyers in Victoria the lowest in 23 years April 16, 2014
- Our capital city population is booming but the supply side not so much April 15, 2014
- Properties are being absorbed by the market faster than they are being listed for sale. | Shawn Kristofer – Real Estate Agent: […] month show that properties are indeed be...
- WA Property News | Australia In Property Investment Boom: […] Data: Investors make up 38% of all new b...
- Housing market is absorbing new supply faster than it is being added: […] listed properties over the four weeks an...
Follow @timlawless on Twitter
RP Data on Twitter
Follow @rpdata on Twitter