Australian Property Updates


Property Information & Real Estate Updates

.VIC

No joy from auction clearance at weekend

Auction clearance rates were down this weekend despite talk of consumer confidence returning. Auction figures released by Australian Property Monitors found clearance rates in Brisbane were down by 35.5 per cent over the weekend, with BrisbaneĀ  recording the lowest clearance rate of only 12.5 per cent. The story was much the same in Melbourne, with auction clearance rates declining by ...

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Housing oversupply may take some months to clear

With auction clearance rates down, and the number of property sales across the board also in significant decline, it may take as long as eight months to clear housing stock on the market today. RP Data’s Property Pulse has reported that housing stock is piling up, with 7.4 months of effective supply on the market. Research analyst Cameron Kusher said ...

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Auction clearance rates still extremely low

This weekend Auction clearance rates for residential properties in both Sydney and Melbourne was way below expectations. Potential purchasers are clearly staying away, waiting for possible a rate cut resulting in the availability of cheaper home loans, or perhaps their confidence has simply been shattered by a recent spate of economic disasters both locally and overseas. According to the latest ...

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Auction clearances unseasonally low

In a sign that the real estate market is extremely subdued, auction clearance rates around the country are staying around 60 per cent in Sydney and Melbourne, despite the fact that spring is historically the best time to sell your property. According to the latest data from Australian Property Monitors, only 56.3 per cent of properties listed for auction in ...

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Australian capital city properties grow in value during 2011

Despite all the gloom and doom and talk of significant drops in property values across the country – it seems that things are not so bad. New research by RP data states that most Australian capital cities have actually enjoyed a slight increase in property values during 2011. Sydney, Canberra and Darwin have all managed to show some price appreciationĀ  ...

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