Melbourne Auction Market preview; Week ending 30 November 2014

There are 1,426 auctions scheduled this week in Melbourne compared to 1,598 for the same time last year. The highest volume of auctions will be in Reservoir and Richmond, each are expecting 23 auctions. The state election may be on this Saturday but it does not have a significant affect on the market, buyers are […]

Read full story Comments { 0 }

National clearance rate of 67.7% recorded over the weekend

CoreLogic RP Data National Auction Comment, week ending 23 November 2014 A preliminary weighted average clearance rate of 67.7 per cent was recorded this week across capital cities compared to 68.5 per cent last week and 65.4 per cent this time last year. There are 4 weeks left for auctions this year and there have […]

Read full story Comments { 0 }

APRA data shows investment lending continues to outpace growth on owner occupier loans

The Australian Prudential Regulation Authority (APRA) released their quarterly Authorised Deposit-taking Institution (ADI) Property Exposures data for September 2014 earlier today.  The data always provides a valuable insight into current and historic mortgage lending by domestic ADIs and this quarter’s release was no different. Based on the value of all outstanding mortgages by households to […]

Read full story Comments { 0 }

Strength of the auction market eases as end of year approaches

CoreLogic RP Data National Auction Preview, week ending 23 November 2014 There are 3,240 auctions scheduled across Australia this week. In capital cities there are 2,700 auctions expected, compared to 2,716 for the same period last year. The strength of the auction market has clearly eased over the past two months with the national clearance […]

Read full story Comments { 0 }

CoreLogic RP Data Melbourne Auction Market preview; Week ending 23 November, 2014

There are 1,187 auctions scheduled this week in Melbourne compared to 1,172 for the same time last year. The most auctions are expected in Reservoir with 24 expected followed by 23 in both Bentleigh East and Glen Waverley. The clearance rate over the past few weeks has provided further confirmation that the market is healthy […]

Read full story Comments { 0 }

Why the economy desperately needs more than just a housing market recovery

According to the CoreLogic RP Data Home Value Index results in October 2014, combined capital city home values have increased by 8.9% over the past year.  The rate of growth is now decelerating after reaching a peak annual growth rate of 11.5% in April 2014.  The two cities which have been the real driver of […]

Read full story Comments { 0 }

Is there an oversupply in Melbourne?

The question of supply levels is a vexed one, after all a high level of supply can be great for buyers as it can dampen price growth, but as most buyers are sellers too it is not that simple. The question is also hard to comprehensively answer, as there are a wide range of data […]

Read full story Comments { 0 }

Auction volumes rise 14% on 2013

RP Data National Auction Comment, week ending 16 November 2014 A preliminary weighted average clearance rate of 69 per cent was recorded this week across capital cities compared to 63.5 per cent last week and 67.4 per cent this time last year. Auction volumes were 14 per cent higher than this time last year due […]

Read full story Comments { 0 }

Housing supply increases again after lowest clearance rate in 21 weeks

RP Data National Auction Preview, week ending 16 November 2014 There are 3,575 auctions scheduled across Australia this week. In capital cities there are 2,907 auctions expected compared to 2,814 for the same period last year. Last week the national clearance rate was the lowest for 21 weeks and it was the third consecutive week […]

Read full story Comments { 0 }

RP Data Auction Market preview, Melbourne; Week ending 16 November, 2014

There are 1,338 auctions scheduled this week in Melbourne compared to 1,270 for the same time last year. The most auctions will be found in Bentleigh East with 29. Auctions are generally more popular in the most expensive segment of the market and some suburbs have been recording multiple sales in the ultra expensive category. […]

Read full story Comments { 0 }