auction clearance rates

Home auction markets down sharply over October as higher rates bite
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Capital city auction markets continued to generally weaken over October with clearance rates falling in most capitals. Record numbers of mid-spring auctions are pushing supply ahead of demand with the spectre of higher mortgage rates now sidelining buyers and impacting market confidence. Sydney, Melbourne and Adelaide reported decreases in clearance rates over the month, with…

The week that was in property
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The Australian Tax Office (ATO) released taxation statistics for the 2012-13 financial year earlier this week. From a residential housing market perspective the data is interesting because it provides insight into those who own residential investment properties and of course how many of these property owners are negatively geared. The key statistics from the data release were:…

The week that was in property
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The Australian Prudential Regulation Authority (APRA) released their quarterly data on property exposures from Australian authorised deposit-taking institutions (ADIs) earlier this week and you can read a lot more about the results at the CoreLogic RP Data Research Blog. The highlights from the data release were: 65.7% of outstanding mortgages were to owner occupiers with…

Solid result from low listings for Melbourne auction season opener | Dr Andrew Wilson
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Melbourne’s 2015 auction season commenced in earnest at the weekend with a solid clearance rate although auction numbers were low. Last Saturday’s clearance rate of 72.7 percent was higher than the 67.6 percent result recorded over the final auction Saturday last year on December 20th and just below the 73.6 percent result on the same weekend…

2014 a better year for auction clearance rates   |   Robert Larocca
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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…

Price growth reflects moderating housing market momentum  |  ANZ Bank
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In the latest Housing Market Summary from ANZ Research all signs are pointing to steady home price growth in the coming months. Home prices continued to edge higher in the past week, with all capital cities except Melbourne and Adelaide posting positive price growth in seasonally adjusted terms. However in trend terms, price growth has clearly…

Super Saturday no barrier to hot Sydney auction market | Dr. Andrew Wilson
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The Sydney weekend auction market passed its biggest-ever Saturday September test recording another exceptional clearance rate at the weekend. Despite hosting 723 auctions – a new record for a September Saturday – the Sydney property market reported its eighth consecutive weekend clearance rate above 80 percent with an 81.9 percent result. Sydney has produced the…