This week’s Property Market Trends | RP Data

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 five combined capitals
  • Weekly clearance rate, combined capital cities
  • Number of homes for sale, combined capital cities
  • Median house and unit prices
  • Capital city average time on market and vendor discounting results
  • Mortgage market activity
  • RP Data Mortgage Index – RMI
  • New listings activity
  • RP Data Listings Index – RLI

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Tim Lawless

About

Tim heads up the Core Logic RP Data research and analytics team, analysing real estate markets, demographics and economic trends across Australia. Visit www.corelogic.com.au


'This week’s Property Market Trends | RP Data' have 1 comment

  1. September 11, 2014 @ 4:49 pm Amayzingone

    Hard to believe some of these figures from real life experience in both Sydney and Gosford over the last year or two. For many properties the time on market is currently anywhere from 24 hours to 7-10 days and this has been the case for at least the last 9 months. The only exception to this is the auction cycle which ARTIFICIALLY draws the time out to about 28 days. Even then some properties are selling after the first inspection because of pre-auction offers being made well above expectations. As for the change in dwelling values I have seen prices for units in most of Sydney’s western suburbs go from the mid $200s up to the mid $300s and more in the last 12 months. That equates to about a 40% increase in values and anyone that has been looking to buy in Sydney’s west over the last year will testify to that. Vendor discounting in Sydney and Gosford is just NOT happening. In fact prices have been constantly exceeding vendors expectations. I get the impression that the property industry is trying to deliberately under state the real situation in order to avoid the inevitable reaction from the Reserve bank because then its “party over” for both the real estate agents and the banks alike.

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