Capital city auctions to exceed 100,000 for the first time

CoreLogic RP Data National Auction Preview, week ending 21 December 2014 There are 1,807 auctions scheduled across Australia this week. In capital cities there are 1,489 auctions expected compared to 1,332 for the same period last year. With one week to go, the combined capital cities clearance rate for 2014 is 67.9 per cent compared […]

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Melbourne Auction Market preview; Week ending 21 December, 2014

There are 565 auctions scheduled this week in Melbourne compared to 531 for the same time last year. This is the last week for the year in which there are expected to be a substantial volume of auctions. Until early February next year there will be a small number of auctions weekly, mostly outside of […]

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The economic factors to watch for in 2015 that may impact the housing market

The combined capital city housing markers have seen values increase by 7.0% over the first 11 months of 2014.  Throughout the whole of 2013, capital city home values increased by 9.8% indicating that the rate of home value growth is likely to be lower this year than last.  On an annualised basis, combined capital city […]

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Prahran joins million dollar club in Victoria

According to CoreLogic RP Data, Melbourne now has 52 suburbs with a median house value in excess of 1 million dollars – the data covers the 12 months ending in September. Melbourne’s most expensive suburb remains Toorak, with a median house value of $2.92m. The median sale price, which reflects the prices paid over the […]

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2014 was a stronger year for auctions than 2013

CoreLogic RP Data National Auction Comment, week ending 14 December 2014 A preliminary weighted average clearance rate of 65.2 per cent was recorded this week across capital cities compared to 63.7 per cent last week and 65.1 per cent this time last year. The market may have cooled since the start of spring but that […]

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2014 housing market review and outlook for 2015

Combined capital city dwelling values fell by -0.3 per cent in November 2014 according to the CoreLogic RP Data Home Value Index.  Over the month, values increased in four cities and fell across the remaining four.  Values were higher over the month in Sydney, Brisbane, Perth and Hobart and were lower elsewhere.  Over the first […]

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National Auction Preview; Week ending 14 December, 2014

Notable improvement in conditions for Sydney buyers There are 3,781 auctions scheduled across Australia this week. In capital cities there are 2,995 auctions expected, compared to 3,548 for the same period last year. A softening Sydney auction market has exacerbated the now typical reduction in the clearance rate as Christmas approaches. Improving conditions for buyers […]

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Melbourne Auction Market preview; Week ending 14 December 2014

There are 1,324 auctions scheduled this week in Melbourne compared to 1,616 for the same time last year. The highest volume of auctions will be in Reservoir which has 33 expected. Last week was the second largest weekend for auctions in the city’s history with 1,733 auctions compared to 1,837 in late October. The clearance […]

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Investment lending continues to surge in October, no wonder APRA are concerned

The Australian Bureau of Statistics (ABS) published housing finance data for October earlier today.  The data release coincided with the Australian Prudential Regulation Authority (APRA) sending Australian Authorised Deposit-taking Authorities (ADIs) a letter on Tuesday afternoon.  The letter highlighted that APRA was going to increase surveillance on risky lending and have a specific focus in […]

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Clearance rate remains lower than when spring started

CoreLogic RP Data National Auction Comment, week ending 7 December 2014 A preliminary weighted average clearance rate of 66.6 per cent was recorded this week across capital cities compared to 63.7 per cent last week and 64.5 per cent this time last year. High auction volumes and a market where value growth is moderating explain […]

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