auction clearance rates

Auction clearance rates improved over the weekend
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Auction volumes remain high with 2,898 properties taken to auction this week, up from 2,547 last week, while the clearance rate has increased to 63.7 per cent, up from 61.0 per cent, the lowest clearance rate since the week ending 8th June 2014 (60.6 per cent). The higher weighted average clearance rate was mainly the…

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…

Sydney weekend auction results: Market bounces back on lower listings
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The Sydney home auction market bounced back at the weekend following last weekend’s year-low result. Sydney reported a clearance rate of 79.7 percent on Saturday – an increase from the 75.4 percent recorded the previous weekend but still below the 82.1 percent recorded over the same weekend last year. Although Saturday’s result was a clear…

Melbourne weekend auction results : Strong market favours all regions
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The Melbourne property auction market reported another strong result at the weekend with buyer activity continuing to track at the highest winter levels since 2009. Melbourne recorded a 79.9 percent clearance rate on Saturday, just above the 79.5 percent recorded the previous weekend and again ahead of the 75.5 percent rate of the same weekend last…

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…