RP Data Auction Market preview, Melbourne; Week ending 31 August, 2014

There are 809 auctions scheduled this week in Melbourne compared to 837 for the same time last year. The highest number of auctions are expected in the South Yarra with 21 expected. The auction market is gathering strength with an average clearance rate of 70.6 per cent over the past 4 weeks. This is the [...]

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Most popular Melbourne suburbs for owner occupiers by distance from the CBD

The suburbs with the highest proportion of owner occupiers differ in value and tend to have one thing in common – they are well established and in contrast to those proving popular for investors. Last week’s blog post revealed that many of the most popular suburbs for investors were those that are more recently developed. [...]

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APRA’s ADI property exposures data for June 2014

The Australian Prudential Regulation Authority (APRA) released their quarterly Authorised Deposit-taking Institution (ADI) Property Exposures data for June 2014 earlier today.  The data always provides a valuable insight into current and historic mortgage lending by ADIs.  This quarter’s data showed some very interesting trends. Based on the value of all outstanding mortgages by households to [...]

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National auction market well placed for spring sales

RP Data National Auction Comment, week ending 24 August, 2014 A preliminary weighted average clearance rate of 66.7 per cent was recorded this week across capital cities compared to 70.8 per cent last week and 70 per cent this time last year. All capital cities have seen a higher number of auctions than last year. [...]

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How important are clearance rates in the housing market?

Over the first five months of the year, across the combined capital cities of Australia, RP Data has recorded 35,367 auctions of which 24,320 (69%) sold either under the hammer or shortly before/after the auction date.  Over the same time frame we have recorded a total of 128,437 house and unit sales.  Based on these [...]

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National auction market lifting after strongest result in 5 months

RP Data National Auction Preview, week ending 24 August, 2014 There are 1,868 auctions scheduled across Australia this week. In capital cities there are 1,527 auctions expected compared to 1,572 for the same period last year. Last week we saw the best national clearance rate of 70.8 per cent in 5 months as both Sydney [...]

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RP Data Auction Market preview, Melbourne; Week ending 24 August, 2014

There are 689 auctions scheduled this week in Melbourne compared to 712 for the same time last year. It is encouraging for sellers that for each of the last 5 weeks the clearance rate has risen in the lead up to spring. As the market has appreciated over the past year it has resulted in [...]

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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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