Here’s a summary of the weekly key real estate market stats from RPData. Some things you should keep an eye out for as a property investor include: Capital city home value changes Capital city auction statistics (preliminary) Capital city properties listed for sale Capital city private treaty median prices Daily change in dwelling values across…
I’m a little worried about the Melbourne property market. Now that’s probably not something you expected to hear from me, especially since I’ve added 4 Melbourne properties to my portfolio in the last two months alone, but the truth is….I am a little worried.
Land prices continue to rise, pushing up the overall cost of housing. Over the past year capital city land prices have increased by 6.0% and regional land prices have increased by 0.6%. Over the 2013/14 financial year, the median selling price of land has increased by 6.0% across the combined capital cities and by 0.6%…
I must admit I don’t spend much time over at the Australian Property Forum – I’m not sure it would be great for my mental health! But that said, they do come up with a few gems from time to time including the newspaper clipping below from 1970 discussing buying houses in March 1970.
This week’s ANZ Property Market Update discusses what’s happening in our auction markets and includes some interesting graphs and stats. Here’s what they had to say:
A preliminary weighted average clearance rate of 69.2 per cent was recorded this week across capital cities compared to 72.3 per cent last week and 73.1 per cent this time last year.
With a vast majority of homes sold in the last financial year now settled, it is possible to calculate some of the key numbers in the Melbourne property market.
It’s a question many home owners and property investors are asking. Is there a property bubble, or is a property bubble looming? I’ve been hearing concerns about a property bubble since the market turned in the middle of 2012. And for the year or 2 before that all the property pessimists were saying “sell up your homes” the market…
In his latest update Dr. Shane Olive Head of Investment Strategy and Chief Economist at AMP Capital, discussed what rising interest rates in the USA may mean to investors in Australia. His key points were:
On a daily basis, habit drives us to do what we do—whether it’s a pattern of thoughts or behavior that occurs automatically. But what if we could harness the power of our habits for the better?