Dwelling approvals fall to the second highest month on record in February

Earlier today the Australian Bureau of Statistics (ABS) released building approvals data for February 2015. After a record high monthly number of dwelling approvals in January 2015 approval numbers could not quite be matched in February although they remain at near-record highs. Over the month there were 18,768 dwelling approvals, down from 19,397 in January. […]

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The number of new residential property listings slows down in the lead up to the Easter long weekend

Each year, in the weeks leading up to the Easter long weekend, the number of new listings coming onto the market often slows down. This year has been no exception, with the number of residential properties being added to the market beginning to fall on a week-by-week basis. Across the combined capital cities, the number […]

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Strong clearance rate and record highs for volume in three capital cities

CoreLogic RP Data National Auction Comment, week ending 29 March 2015  A desire by vendors to sell before Easter and the strong market this year has resulted in record volumes for the year in Sydney, Adelaide and Perth. The results show that the high volumes did not overwhelm demand. The auction market is clearly responding […]

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The rate of population growth remains strong but continues to slow

The Australian Bureau of Statistics (ABS) released its demographic data for the September 2014 quarter yesterday. The data showed that over the quarter, Australia’s population was recorded at 23.581 million persons having increased by 1.5% or 354,605 persons over the past year. The increase in population over the past year was actually the lowest increase […]

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Records for auctions in 2015 in three capital cities

CoreLogic RP Data National Auction Preview, week ending 29 March 2015 This is a big week nationally for auctions with record volumes for 2015 expected in Sydney, Adelaide and Perth. The rate cut from nearly two months ago will now be having an impact on listings as vendors will have had sufficient time to both […]

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Melbourne Auction Market preview for week ending 29 March

There are 1,459 auctions scheduled this week in Melbourne compared to 1,414 for the same time last year. The highest volume of auctions in a single suburb will be found in Reservoir where 29 are expected. There are 26 scheduled in St Kilda and 24 in Brighton. The compressed autumn auction market, the three weeks […]

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One billion dollars a week on Melbourne property in 2014

Key points Over one billion dollars a week was spent of residential real estate last year Brighton recorded the highest spend, $842m Glen Waverley recorded a $233m rise In 2014 a total of $53.7b, over one billion dollars a week, was spent on Melbourne residential real estate. In 2014 a total of $53.7b, over one […]

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The RBA’s Financial Stability Review and analysis of the housing market

The Reserve Bank (RBA) released its bi-annual Financial Stability Review (FSR) earlier today. The document provides a guide as to the RBA’s thoughts on the overall economy and potential risks. As you’d expect, the residential housing market features heavily in their assessment of financial stability and I will delve into some of the key take-outs […]

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National clearance rate reaches 77.4% from weekend auctions

CoreLogic RP Data National Auction Comment, week ending 22 March 2015 After 6 weeks with a clearance rate in the mid to high 70’s sellers in Melbourne, Sydney, Canberra and Adelaide can be quite confident of attaining a good outcome when selling at auction. A preliminary weighted average clearance rate of 77.4 per cent was […]

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Auctions as a sales method have increased in all capital cities

CoreLogic RP Data National Auction Preview, week ending 22 March 2015 There are 3,003 auctions expected this week across Australia with 2,539 expected in capital cities. This is compared to 2,556 last week and 2,466 for the same week last year. With full data now available for 2014 it is clear that the proportion of […]

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