Articles by Robert Larocca

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Robert Larocca is RP Data's Victoria Housing Market Specialist. He has built a profile over the past eight years as an expert on the Victorian residential property market. Visit www.rpdata.com


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A preliminary weighted average clearance rate of 78.3 per cent was recorded this week across capital cities compared to 74.5 per cent last week and 70.8 per cent this time last year. This is the highest national clearance rate in 6 years, since 79.7 per cent was recorded in September 2009 and provides a further…

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Five years ago there were 3,335 homes sold for in excess of one million dollars in Melbourne – not so surprising is that the top 10 sales were in the city’s most expensive addresses. The top three, Brighton, Camberwell and Kew, saw 266, 162 and 157 houses sold for over a million dollars in 12 months. Remarkably, in the…

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With dwelling values generally moving higher there are fewer opportunities for buyers on a budget below $400,000 to purchase a home. Across the combined capital cities, home values increased by 7.9% in 2014 according to the CoreLogic RP Data Home Value Index. The increase in values was very much focussed on two of our most…

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Despite the market cooling, the overall clearance rates for 2014 have surpassed those of 2013. A preliminary weighted average clearance rate of 65.2 per cent was recorded this week across capital cities compared to 63.7 per cent last week and 65.1 per cent this time last year. The market may have cooled since the start of spring…