Inflation adjusted home values are still lower than their previous peak across most cities

According to the RP Data-Rismark Home Value Index, combined capital city home values fell by -0.2% over the second quarter of 2014.  With the Australian Bureau of Statistics (ABS) releasing their Consumer Price Index (CPI) data this week, we can see that in ‘real’ terms home values across the combined capitals fell by -0.7% over [...]

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RP Data Auction Market preview, Melbourne; Week ending 27 July, 2014

As volumes rise, there are 665 auctions scheduled this week in Melbourne compared to 637 for the same time last year. The market returned to trend last week following the aberration the week before. Along with an increase in volumes, demand continues to build slowly  in the lead up to spring when buyers will find [...]

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Melbourne transaction numbers slowly rising

While it’s often not obvious, a sign of a poorly performing property market can be a low level of residential sales. It reflects a low level of confidence, owners may be reluctant to sell for fear of achieving a low price and buyers may also be reluctant to make the significant commitment that is required [...]

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National auction market continues to strengthen

RP Data National Auction Comment, week ending 20 July, 2014 A preliminary weighted average clearance rate of 70.7 per cent was recorded this week across capital cities compared to 67.2 per cent last week and 64.1 per cent this time last year. Demand in the Sydney market has pushed the national preliminary clearance rate over [...]

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RP Data National Auction Preview, week ending 20 July, 2014

Sydney clearance rate records 5 consecutive weeks of improvement RP Data auction spokesperson Robert Larocca reports: There are 1,611 auctions scheduled across Australia this week. In capital cities there are 1,267 auctions expected compared to only 1,180 for the same period last year. The improving trend recorded on a national level in June and early [...]

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RP Data Auction Market preview, Melbourne; Week ending 20 July, 2014

There are 590 auctions scheduled this week in Melbourne compared to 519 for the same time last year. The highest number of auctions is expected in the northern suburbs where 16 are expected in Reservoir. Seasonally low volumes are not only a factor in the auction market with the overall level of new listings also [...]

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What can be done about the fading hopes of lower income earner’s owning a home?

Lower income earner’s hopes of owning a home have faded over the past two years due to the high rate of capital gain, so what can be done? In last week’s RP Data Research Blog I highlighted sales by price point across the capital cities.  The data showed a shortening supply of homes selling at [...]

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Best suburbs in Melbourne for capital growth within 20k of CBD

Analysis of changes in the median value of houses in suburbs within 20k of the CBD over the medium term shows some interesting trends. In order to smooth out some of the volatility present in the short term this analysis focuses on median value growth over a five year period. The data shows that owners [...]

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May 2014 Housing Finance Data

The Australian Bureau of Statistics (ABS) released housing finance data for May 2014 late last week with the data showing owner occupier housing finance commitments flat over the month.  The data also showed that the total value of housing finance commitments was -0.8% lower over the month.  Although this may be concerning, the number of [...]

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More auctions and more sales in capital cities than a year ago

RP Data National Auction Comment, week ending 13 July, 2014 A preliminary weighted average clearance rate of 68.7 per cent was recorded this week across capital cities compared to 68.9 per cent last week and 67.7 per cent this time last year. Sydney provided the highest clearance rate and when combined with the higher volumes [...]

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