Strength of the auction market eases as end of year approaches

CoreLogic RP Data National Auction Preview, week ending 23 November 2014 There are 3,240 auctions scheduled across Australia this week. In capital cities there are 2,700 auctions expected, compared to 2,716 for the same period last year. The strength of the auction market has clearly eased over the past two months with the national clearance […]

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CoreLogic RP Data Melbourne Auction Market preview; Week ending 23 November, 2014

There are 1,187 auctions scheduled this week in Melbourne compared to 1,172 for the same time last year. The most auctions are expected in Reservoir with 24 expected followed by 23 in both Bentleigh East and Glen Waverley. The clearance rate over the past few weeks has provided further confirmation that the market is healthy […]

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Why the economy desperately needs more than just a housing market recovery

According to the CoreLogic RP Data Home Value Index results in October 2014, combined capital city home values have increased by 8.9% over the past year.  The rate of growth is now decelerating after reaching a peak annual growth rate of 11.5% in April 2014.  The two cities which have been the real driver of […]

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Is there an oversupply in Melbourne?

The question of supply levels is a vexed one, after all a high level of supply can be great for buyers as it can dampen price growth, but as most buyers are sellers too it is not that simple. The question is also hard to comprehensively answer, as there are a wide range of data […]

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Auction volumes rise 14% on 2013

RP Data National Auction Comment, week ending 16 November 2014 A preliminary weighted average clearance rate of 69 per cent was recorded this week across capital cities compared to 63.5 per cent last week and 67.4 per cent this time last year. Auction volumes were 14 per cent higher than this time last year due […]

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Housing supply increases again after lowest clearance rate in 21 weeks

RP Data National Auction Preview, week ending 16 November 2014 There are 3,575 auctions scheduled across Australia this week. In capital cities there are 2,907 auctions expected compared to 2,814 for the same period last year. Last week the national clearance rate was the lowest for 21 weeks and it was the third consecutive week […]

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RP Data Auction Market preview, Melbourne; Week ending 16 November, 2014

There are 1,338 auctions scheduled this week in Melbourne compared to 1,270 for the same time last year. The most auctions will be found in Bentleigh East with 29. Auctions are generally more popular in the most expensive segment of the market and some suburbs have been recording multiple sales in the ultra expensive category. […]

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Bentleigh soon to become a million dollar suburb…

The most recent update to the list of million dollar suburbs in Melbourne has seen 50 reach or exceed that mark. This is an increase of one on last month with Caulfield East joining the list. The median value of a house in that suburb is now $1,002,366. Prior to Caulfield East the other recent […]

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The proportion of investment lending hits a record high in September

The Australian Bureau of Statistics (ABS) published housing finance data for September earlier this week.  The data showed that the proportion of lending to investors hit a record high in September.  At the same time the data indicates that demand from owner occupiers is starting to slow. Over recent years the data on the value […]

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National clearance rate of 63.7% recorded

RP Data National Auction Comment, week ending 9 November 2014 A preliminary weighted average clearance rate of 63.7 per cent was recorded this week across capital cities compared to 68.7 per cent last week and 68.3 per cent this time last year. It is interesting to note that due to an increase in the popularity […]

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