July 2014 building approvals data

The Australian Bureau of Statistics (ABS) released building approvals data for July 2014 earlier today.  The data shows that there continues to be a strong pipeline of residential development in place. Focussing on dwelling approvals nationally, there were 9,585 house approvals and 6,733 unit approvals over the month.  The number of dwelling approvals increased by [...]

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Clearance rate of 72.2% across capital cities on spring eve

RP Data National Auction Comment, week ending 31 August, 2014 A preliminary weighted average clearance rate of 72.2 per cent was recorded this week across capital cities compared to 69.5 per cent last week and 71.5 per cent this time last year. This is the highest recoded since early March this year. Data from the last [...]

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Five big numbers for Melbourne…

Real estate is often about numbers. Everything it seems, from the price of the house to the weekly rent, can be expressed as a number. Here are five topical numbers as the market enters spring. 25,080 This is the number of units in the suburb of Melbourne. Melbourne has the most individual dwellings of any [...]

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Auctions most popular in Melbourne, Sydney and Canberra

RP Data National Auction Preview, week ending 31 August, 2014  There are 2,281 auctions scheduled across Australia this week. In capital cities there are 1,854 auctions expected compared to 2,000 for the same period last year. This is the highest volume in eight weeks and it will continue to rise over the coming weeks. RP [...]

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RP Data Auction Market preview, Melbourne; Week ending 31 August, 2014

There are 809 auctions scheduled this week in Melbourne compared to 837 for the same time last year. The highest number of auctions are expected in the South Yarra with 21 expected. The auction market is gathering strength with an average clearance rate of 70.6 per cent over the past 4 weeks. This is the [...]

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Most popular Melbourne suburbs for owner occupiers by distance from the CBD

The suburbs with the highest proportion of owner occupiers differ in value and tend to have one thing in common – they are well established and in contrast to those proving popular for investors. Last week’s blog post revealed that many of the most popular suburbs for investors were those that are more recently developed. [...]

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APRA’s ADI property exposures data for June 2014

The Australian Prudential Regulation Authority (APRA) released their quarterly Authorised Deposit-taking Institution (ADI) Property Exposures data for June 2014 earlier today.  The data always provides a valuable insight into current and historic mortgage lending by ADIs.  This quarter’s data showed some very interesting trends. Based on the value of all outstanding mortgages by households to [...]

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National auction market well placed for spring sales

RP Data National Auction Comment, week ending 24 August, 2014 A preliminary weighted average clearance rate of 66.7 per cent was recorded this week across capital cities compared to 70.8 per cent last week and 70 per cent this time last year. All capital cities have seen a higher number of auctions than last year. [...]

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How important are clearance rates in the housing market?

Over the first five months of the year, across the combined capital cities of Australia, RP Data has recorded 35,367 auctions of which 24,320 (69%) sold either under the hammer or shortly before/after the auction date.  Over the same time frame we have recorded a total of 128,437 house and unit sales.  Based on these [...]

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National auction market lifting after strongest result in 5 months

RP Data National Auction Preview, week ending 24 August, 2014 There are 1,868 auctions scheduled across Australia this week. In capital cities there are 1,527 auctions expected compared to 1,572 for the same period last year. Last week we saw the best national clearance rate of 70.8 per cent in 5 months as both Sydney [...]

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