An extraordinary beginning.
Auction clearance rates have continued to soar past 80% in Sydney for the 6th consecutive week resulting in a record ‘best ever’ February. Figures from Australian Property Monitors (APM) recorded an 82.4 per cent clearance rate for Sydney this weekend.
According to Dr Andrew Wilson, senior economist for APM, the results are staggering.
“We’ve had a … Continue Reading »
Should Price Guides be Banned on Auction Properties?
The Queensland government’s plan to ban the disclosure of price guides for auction properties is causing some angst between industry leaders in QLD and NSW.
Under the Property Occupations Bill – introduced to parliament in November last year – the use of price guides and the disclosure of … Continue Reading »
Future population of Australia
Looking back at the most recent Australian Bureau of Statistics (ABS) national population projections from Q4 2013 the data looks at the projected growth in national population from 2012 to 2101 and provides a fascinating incite in to the potential future of Australia.
Projections are also provided at a state and capital city level … Continue Reading »
Full steam ahead
A recent article from RP Data, Australia’s largest property data database, suggests that national listing numbers across Australia are at record levels after the seasonal slump. Its common practice that the market come to a near standstill throughout the last week in December and continuing in January. See below graph:
Poised for a strong year
The auction market is again poised for an explosive ride as we swing into 2014. After a number of passive weeks – which was to be expected and typical of January – according to Australian Property Monitors the number of auction listings across the capital cities has increased.
“Although auction numbers were unsurprisingly low last … Continue Reading »
2014 Market Outlook
2013 has been a year of solid recovery across most capital cities in Australia. National property prices have greatly outperformed the previous two years and we began to see real signs of this throughout Q3 of 2013 paying particular attention to Sydney which seen record clearance rates and stock levels. According to RPData the only two … Continue Reading »
Capital City Market Report – APM
Australian Property Monitors have released their Capital City Market Report this month, the report is a snapshot of overall performance of the Australian property market in comparison to previous year’s performance and activity. This insight is invaluable information for all wanting to keep informed about market trends.
Significant drop in Victorian first home buyers
As puzzling as it appears, first home buyers are trending out the Victorian market place at an astounding rate. Figures released by the ABS Housing Finance Data shows that a mere 12.2% of approved loans were to first home buyers in November 2013. When comparing the 20 year … Continue Reading »
Increase In New Home Sales Nationwide
In a positive indicator for residential housing construction, new home sales posted strong growth of 7.5 per cent in November 2013, according to the Housing Industry Association (HIA).
In the latest HIA New Home Sales report – a survey of Australia’s largest volume builders – the 7.5 per cent increase in total … Continue Reading »
Property prices rise almost 10% in 2013
Property values have increased by 9.8% during 2013 after an end of year surge, advancing the growth rate to its highest level in 4 years taking the national median dwelling value to $540,000. (RPdata)
RPdata reports the national housing market has shown significant improvement throughout last year with the bulk of … Continue Reading »
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