This week, all of the busiest suburbs for auctions are in Victoria. Topping the list with 21 homes scheduled for auction is Reservoir, followed by Bentleigh and Brighton with 15 and 13 scheduled auctions respectively.
There were fewer homes taken to auction across the combined capital cities this week, as the nation stopped amidst the Federal election hype.
All of the busiest suburbs for auctions this week are in Victoria, with Bentleigh East, Brighton and Malvern East all topping the list with 8 homes set to go under the hammer each, followed by Glen Iris with 7 scheduled auctions.
This week’s Property Pulse pairs the run rate of settled sales transactions with the volume of stock advertised for sale, determining how many months of housing supply is currently advertised for sale across the capital cities.
There were 1,210 homes taken to auction across the combined capital cities this week, returning a preliminary auction clearance rate of 58.1 per cent.
Nationally, over the three months to April 2019, 75.6% of properties sold for less than their original list price. As the chart shows, typically the majority of dwellings sold sell for less than their original list price. The 75.6% of properties selling at a discount was above the decade average of 69.3% of...
Mount Waverley in Melbourne is the busiest suburb for auctions this week, with 10 homes scheduled to go under the hammer. Following on from Mount Waverley, two more Melbourne suburbs; Glen Waverley and Reservoir, along with the Sydney suburb of Surry Hills are expecting to see 9 homes each taken to auction.
According to data recently released by the Australian Bureau of Statistics (ABS) property taxation revenue increased further over the 2017-18 financial year to reach $30.293 billion.
With the release of the Consumer Price Index (CPI) for March 2019 over the past week, the low rate of inflation is resulting in larger inflation adjusted (or real) dwelling value falls. Over the March 2019 quarter, inflation was unchanged over the quarter and 1.3% higher over the past year, its slowest...
There were 1,472 homes taken to auction across the combined capital cities this week, increasing from 1,026 over the previous week, although much lower than this week last year (2,311).
All of the busiest suburbs for auctions this week are in Victoria, with Reservoir topping the list with 16 homes set to go under the hammer, followed by Coburg and Epping with 12 scheduled auctions each.
The CoreLogic April 2019 home value index results out today confirmed that the decline in home values has lost some momentum over recent months as falling values lose steam in Sydney and Melbourne. Simultaneously, more regions across the country saw housing values slip lower as the downturn becomes more...