Growth in Sydney volumes after records in Melbourne

RP Data National Auction Preview, week ending 2 November 2014 There are 2,380 auctions scheduled across Australia this week. In capital cities there are 1,830 auctions expected compared to 1,668 for the same period last year. National auction numbers are lower this week – all due to the break for Tuesday’s Melbourne Cup horse race. [...]

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Inflation adjusted home values have only risen over recent years in Sydney, Melbourne, Darwin and Canberra

Earlier this month the Australian Bureau of Statistics (ABS) released its quarterly Consumer Price Index (CPI) or inflation figures.   The data showed that over the September 2014 quarter, inflation was recorded at 0.5% and over the 12 months to September 2014 it was recorded at 2.3%.  The Reserve Bank has a target range for annual [...]

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RP Data Auction Market preview, Melbourne; Week ending 2 November, 2014

There are 175 auctions scheduled this week in Melbourne compared to 196 for the same time last year. The low volumes are a result of the Melbourne Cup on Tuesday and ensure that the week’s auction results will not be a useful auction market indicator. Last week’s record volume of auctions and sales provides a [...]

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Melbourne auctions providing growth in transactions

Melbourne property market transaction numbers are marginally higher on what they were this time last year with the growth largely coming through auction sales. Comparing the months with the vast majority of settled sales, from January to July, the results show a rise of 3.7 per cent compared to a year ago. On a month [...]

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Records broken in auction market

RP Data National Auction Comment, week ending 26 October 2014 A preliminary weighted average clearance rate of 70.5 per cent was recorded this week across capital cities compared to 68.6 per cent last week and 71.8 per cent this time last year. This was a strong week for auctions nationally and results suggest that the [...]

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Record volumes in Melbourne as national auctions exceed 3,000 mark

RP Data National Auction Preview, week ending 26 October 2014 There are 3,434 auctions scheduled across Australia this week. In capital cities there are 2,883 auctions expected compared to 2,941 for the same period last year. With a record volume expected in Melbourne this week it is interesting to reflect on the highest volumes in [...]

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RP Data Auction Market preview, Melbourne; Week ending 26 October, 2014

There are 1,641 auctions scheduled this week in Melbourne compared to 1,619 for the same time last year. This is an all time record for the Melbourne auction market. This highest volume of auctions will be found in Brighton and Richmond where 27 are expected followed by 25 in Hawthorn, 24 in Reservoir and 23 [...]

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Record interstate migration to Victoria, while mining states are at or approaching record low interstate migration flows

The speed of population growth into Australia has been winding down since reaching a recent annual peak in December 2012 when the national population grew by 1.78% over the year. With overseas migration moderating and a slowdown in the rate of natural increase, the annual rate of population growth across the country has slipped to [...]

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Fairfield joins group of suburbs with million dollar median

The RP Data CoreLogic Home Value Index for September showed a minor easing in Melbourne dwelling values over the month and a moderate rise in the quarter. Dwelling values in Melbourne dropped by 0.8 per cent in the month of September. This will be welcomed by those looking to buy this spring and summer. The [...]

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Is this the biggest week ever in Melbourne real estate history?

This week will be a record for the Melbourne auction market with 1,641 auctions scheduled. This exceeds the previous record of 1,619 on the same weekend last year. Will it be the biggest auction week ever? That may depend on your perspective. After all, is ‘big’ defined as the volume of auctions, the number sold [...]

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