Melbourne Auction Market preview; Week ending 8 March, 2015

There are 312 auctions scheduled this week in Melbourne compared to 329 for the same time last year. Volumes are low due to the Labour Day long weekend. The highest volume of auctions in one suburb is the very popular Glen Waverley where 7 are scheduled. The February Home Value Index results showed the dwelling […]

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Dwelling approvals reach new record highs in January 2015

Earlier this week, the Australian Bureau of Statistics released building approvals data for January 2015. The data showed that over the month, dwelling approvals surged to an all-time high while the annual number of approvals is also at a record high. Across the nation, the seasonally adjusted data showed that in January 2015, there were […]

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Melbourne residential market provides highest growth over quarter

The February CoreLogic RP Data Home Value Index results (read results here) showed the dwelling prices rose at a greater rate over the last three months than any other capital city. When viewed in conjunction with the strengthening auction market this data confirms the solid position intending sellers now find themselves in.  This will also encourage […]

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Capital city auction market showing best results in 5 years

CoreLogic RP Data National Auction Comment, week ending 1 March 2015 A preliminary weighted average clearance rate of 77.1 per cent was recorded this week across capital cities compared to 77.3 per cent last week and 74.2 per cent this time last year. Following last weeks strong result this week’s result indicates the auction market […]

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Residential property listings – February update

CoreLogic RP Data’s latest listings counts show that while overall listing stock is picking up on a monthly basis, listing volumes remain low when compared to the same time last year, although conditions are different across the individual states and capital cities. Over the four weeks ending 22 February 2015 there were 45,681 new listings […]

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Good conditions for sellers after highest clearance rate since 2009

CoreLogic RP Data National Auction Preview, week ending 1 March 2015 The national auction market demonstrated exceedingly strong demand last week with the highest clearance rate recorded since September 2009. This is evident in all capital cities along the eastern seaboard along with Canberra. There are 3,347 auctions expected this week across Australia with 2,831 […]

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Melbourne Auction Market preview; Week ending 1 March, 2015

There are 1,401 auctions scheduled this week in Melbourne compared to 1,334 for the same time last year. This is the second week with over 1,000 auctions for the year and volumes at auctions have risen to a level that is similar to last year now. Once listings for private sale are taken into consideration there […]

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Interest-only and investor lending continued to increase up to the end of 2014 according to APRA

The Australian Prudential Regulation Authority (APRA) released data earlier today on residential property exposures by Australian Authorised Deposit-taking Institutions (ADIs).  The data was published up to the end of December 2014.  The information provides additional insight into the nature of mortgage lending by Australian banks, building societies and credit unions. According to APRA’s data, at […]

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Where are most of Melbourne’s million dollar homes sold?

Key points Over the past 5 years the number of million dollar homes sold has almost tripled; Glen Waverley and Mount Waverley are in the top 10 and were not 5 years ago; Nearly 10,000 homes have sold in the last year for more than $1m. Five years ago there were 3,335 homes sold for […]

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National clearance rate of 77.7% recorded over the weekend

CoreLogic RP Data National Auction Comment, week ending 22 February 2015 A preliminary weighted average clearance rate of 77.7 per cent was recorded this week across capital cities compared to 74 per cent last week and 76.2 per cent this time last year. At this stage this is the highest clearance rate recorded on a […]

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