Low volume of capital city auctions this week

January has seen a fairly typical commencement to the auction market with only 419 auctions held. The market moves up a notch this week with 800 expected across Australia and 391 in capital cities. The volume of auctions in capital cities should rise to exceed 1,000 in the middle of February, as most real estate […]

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Residential Property Listings – What’s happening and how does it compare to last year?

Each week, CoreLogic RP Data monitors residential properties coming to the market for sale through what is commonly known as ‘listing activity’. Listings are tracked across three different categories; houses, units and vacant land. Listing counts provide a comprehensive look at stock currently available for sale at a national level and across each state and […]

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Melbourne’s ‘Mega suburbs’!

Key points Reservoir is the largest suburb in Melbourne Gilderoy is the smallest suburb in Melbourne The are 12 suburbs in Melbourne with over 10,000 houses Most weeks when the highest volume of auctions are listed, the suburbs of Reservoir, Glen Waverly and Mount Waverly come out near the top. Auctions may well be a […]

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There’s never been a better time to reform stamp duties

The Federal Government is to shortly release a white paper on taxation reform.  Plenty of recent inquiries and taxation documents have specifically noted that the taxation treatment of property should be reviewed and if ever there was a good time to look at changes to stamp duty it would be now. Given where the property […]

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How buyers can use auction results to be better buyers

Key facts Attendence at auctions important for buyer research Clearance Rates – in 2014 these fell to 68.4% Auctions increased to take advantage of rising market In many respects the Melbourne auction market last year was better than in 2013. Auction volumes rose 19.7 per cent compared to last year, however the clearance rate fell […]

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Boroondara sellers make $232m in three months

Boroondara sellers make $232m in three months

Key facts 35.7% of sellers made a 100% or higher profit Sellers in Boroondara made the highest total profit of $232m 98.6% of sellers in Knox made a profit The latest CoreLogic RP Data Pain and Gain Report  compares the sale price with purchase price for all homes sold in the most recent quarter and for which […]

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The 2014 Melbourne rental market

Key facts Median advertised rent for a house in Melbourne $448 Median rent for house rise 2.5 per cent in 2014, units 1.9 per cent Melbourne yields lowest of all capital cities   Historically speaking, the performance of last year’s rental market in Melbourne was relatively moderate. In the last three months of 2014 the […]

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Housing finance commitments start to ease in November 2014

The November 2014 housing finance data from the Australian Bureau of Statistics (ABS) indicates that demand for mortgages is starting to wane.  We would expect that this trend will continue over the coming year as APRA crack down on higher risk mortgage lending and focus on curtailing growth to the investment segment of the market. […]

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Melbourne home values rise faster south of the Yarra in 2014

CoreLogic RP Data Melbourne Property Values report – 2014 The top 10 Melbourne suburbs ranked by growth in house values in 2014 were dominated by some of the cities most expensive suburbs and they were located south of the Yarra. Overall, the Melbourne housing market produced a near repeat of 2013 with house values rising […]

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A record high number of dwelling approvals in November 2014

The November 2014 dwelling approvals data has been released and it makes for very positive reading.  In November there were 18,245 dwelling approvals across the nation.  The dwelling approvals data is published from July 1983 and from that month until November 2014 there has never been more approvals over a one month period.  Dwelling approvals […]

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