On trend result in capital city auctions 

RP Data National Auction Comment, week ending 19 October 2014 A preliminary weighted average clearance rate of 68.5 per cent was recorded this week across capital cities compared to 67.8 per cent last week and 70.4 per cent this time last year. This result is consistent with the years trend. The year to date clearance [...]

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Where to find falling rents in Melbourne

Growth in advertised median rents remains low across Melbourne but with significant localised variations. In the current market this makes it important for renters to shop around as much as possible. In the last year the median advertised rent on a weekly basis for a house in Melbourne has increased by 2.8 per cent to [...]

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Small rise in national clearance rate over last 4 weeks

RP Data National Auction Preview, week ending 19 October 2014 There are 2,638 auctions scheduled across Australia this week. In capital cities there are 2,209 auctions expected compared to 2,370 for the same period last year. With the exception of Adelaide, Canberra and Tasmania capital city clearance rates strengthened or remained stable across Australia when [...]

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Mortgage demand still strong but easing

New data was released by the ABS last week on housing finance commitments which showed an ongoing slowdown in the pace of housing finance growth.  The slower pace of growth in mortgages is another sign that housing market conditions are starting settle down. Excluding refinance loans, the number of owner occupier housing finance commitments was [...]

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RP Data Auction Market preview, Melbourne; Week ending 19 October, 2014

There are 1,043 auctions scheduled this week in Melbourne compared to 1,124 for the same time last year. The highest volume of auctions is in St Kilda with 23 expected followed by Reservoir with 22 and Kew with 19. In the auction market the increased volume has shifted the market in favor of buyers with [...]

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Volumes rise, auction market improves

RP Data National Auction Comment, week ending 12 October 2014 A preliminary weighted average clearance rate of 68.7 per cent was recorded this week across capital cities compared to 66.9 per cent last week and 72.5 per cent this time last year. Volumes are rising and are projected to reach a high in the last [...]

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In June quarter Boorandara sellers made $331m in profit

Over the second quarter of 2014 RP Data recorded 70,357 residential property re-sales nationally; of these, 9.0 per cent recorded a gross loss from the original purchase price. In Melbourne sellers recorded better results than those nationally. The report shows that 6.6 per cent of Melbourne homes re-sold over the June 2014 quarter sold at [...]

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Investor owned dwellings are heavily concentrated within the inner city apartment markets

A large proportion of housing demand is currently being driven by investment.  Unfortunately in Australia we only receive information on owner occupier and investment ownership of properties every five years with the Census.  Because of this RP Data’s Analytics team have built a set of rules to determine the probability that a home is owned [...]

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Sydney on track for above trend result

RP Data National Auction Preview, week ending 12 October 2014 There are 2,679 auctions scheduled across Australia this week. In capital cities there are 2,177 auctions expected compared to 2,229 for the same period last year. After this week there are only 10 weekends left this year for auctions. Of the capital cities it is [...]

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RP Data Auction Market preview, Melbourne; Week ending 12 October, 2014

There are 992 auctions scheduled this week in Melbourne compared to 1008 for the same time last year (the fourteenth week with over 1,000 auction this year). The highest volume of auctions will be in Mount Waverly with 19 expected. After a few weeks where sellers were holding the upper hand, last week showed that [...]

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