Residential property listings – February update

CoreLogic RP Data’s latest listings counts show that while overall listing stock is picking up on a monthly basis, listing volumes remain low when compared to the same time last year, although conditions are different across the individual states and capital cities. Over the four weeks ending 22 February 2015 there were 45,681 new listings […]

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Good conditions for sellers after highest clearance rate since 2009

CoreLogic RP Data National Auction Preview, week ending 1 March 2015 The national auction market demonstrated exceedingly strong demand last week with the highest clearance rate recorded since September 2009. This is evident in all capital cities along the eastern seaboard along with Canberra. There are 3,347 auctions expected this week across Australia with 2,831 […]

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Melbourne Auction Market preview; Week ending 1 March, 2015

There are 1,401 auctions scheduled this week in Melbourne compared to 1,334 for the same time last year. This is the second week with over 1,000 auctions for the year and volumes at auctions have risen to a level that is similar to last year now. Once listings for private sale are taken into consideration there […]

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Interest-only and investor lending continued to increase up to the end of 2014 according to APRA

The Australian Prudential Regulation Authority (APRA) released data earlier today on residential property exposures by Australian Authorised Deposit-taking Institutions (ADIs).  The data was published up to the end of December 2014.  The information provides additional insight into the nature of mortgage lending by Australian banks, building societies and credit unions. According to APRA’s data, at […]

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Where are most of Melbourne’s million dollar homes sold?

Key points Over the past 5 years the number of million dollar homes sold has almost tripled; Glen Waverley and Mount Waverley are in the top 10 and were not 5 years ago; Nearly 10,000 homes have sold in the last year for more than $1m. Five years ago there were 3,335 homes sold for […]

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National clearance rate of 77.7% recorded over the weekend

CoreLogic RP Data National Auction Comment, week ending 22 February 2015 A preliminary weighted average clearance rate of 77.7 per cent was recorded this week across capital cities compared to 74 per cent last week and 76.2 per cent this time last year. At this stage this is the highest clearance rate recorded on a […]

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Volumes continue to be low but clearance rate rises

CoreLogic RP Data National Auction Preview, week ending 22 February 2015 The trend of lower auction volumes in 2015 continues with 29 per cent fewer homes on offer across capital cities this week. The low volumes appear to have contributed to strong rises in the clearance rate last week in both Sydney and Melbourne. There […]

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US real estate agents are harnessing social media and new technology to win customers

In late January I attended the Inman Real Estate Connect Conference in New York.  The conference is targeted at real estate professionals and provides insight into the latest news and trends within the market.  In this week’s blog I will share some of the new technology, websites and applications as well as some of the […]

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Melbourne Auction Market preview; Week ending 22 February, 2015

There are 936 auctions scheduled this week in Melbourne compared to 1,401 for the same time last year. The highest volume of auctions will be in Richmond with 20 scheduled. There are 17 in Bentleigh East and St Kilda. The Melbourne auction market is sending mixed messages at the moment, on one hand the clearance […]

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National clearance rate of 70% recorded for the weekend

CoreLogic RP Data National Auction Comment, week ending 15 February 2015 A preliminary weighted average clearance rate of 70 per cent was recorded this week across capital cities compared to 67.3 per cent last week and 70.2 per cent this time last year. The market performed to recent trend this week and results between now […]

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