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What’s really happening in the Melbourne apartment market? Is there an oversupply? Are prices falling? According to BIS Shrapnel’s latest Inner Melbourne Apartments Market Brief 14% of inner Melbourne apartments are sitting vacant and unoccupied, while the supply pipeline is at record level. Now that’s a recipe for disaster in the new and off the plan Melbourne…
This week 1,667 capital city auctions were held, less than last week (1,831) and also less than one year ago (2,603). Auction volumes were substantially higher last year as there were only two weeks between the Easter long weekend and the ANZAC day weekend. Preliminary results show that 68.6 per cent of auctions were successful…
The latest data and analysis of the Australian housing market reveals that 17 of our major dwelling markets recorded negative growth in the March quarter. The following table presents the latest statistics summary:- Table 1: February 2016 Summary The surprising capital growth standouts were the ACT and Hobart – Australia’s smaller and often forgotten cities. Capital…
CoreLogic recently released their chart pack for April which gives us a good overview of what’s happening in the property markets around Australia as well as some of the economic factors impacting our markets. APRA’s measures have had the desired effect, with the rate of home price growth the lowest it’s been since September 2013. Nationally home price…
Housing finance data for February 2016 has been released by the Australian Bureau of Statistics (ABS). According to the data, the total value of housing finance commitments over the month was $32.8 billion which was 2.6% higher over the month and 6.0% higher year-on-year. Although the value of housing finance commitments is higher over the month…
It’s the time of year that all the property forecasts are coming out for 2016. And while the various commentators don’t agree with what’s ahead, they do all seem to agree that the property markets are set to cool. So watch out for the type of headlines the media loves like “The Property Party Is…
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