The gap between the industry’s two portal giants is shrinking, new audience statistics have revealed. Nielsen reported that Domain increased its unique audience by 51 per cent during the 12 months to May, while arch rival realestate.com.au grew 11 per cent. Onthehouse grew its audience by 29 per cent, while Allhomes declined by 18 per…
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Strong results in Australia’s two biggest markets helped pushed the national clearance rate to above 80 per cent last weekend. Sydney recorded an auction clearance rate of 85.1 per cent last weekend, according to APM PriceFinder, well above the 69.8 per cent rate recorded on the corresponding weekend in 2014. Auction sales rose 7.9 per cent…
Auction activity remained robust on Saturday, with Melbourne and Sydney recording clearance rates above 80 per cent. In Melbourne, 734 properties were sold via auction at a clearance rate of 82.8 per cent, according to APM PriceFinder. This was well above the 72.2 per cent rate recorded in Melbourne on the corresponding day in 2014.…
Some agents have all the luck, with time on market in certain suburbs averaging fewer than 20 days. Houses in the Sydney suburb of Acacia Gardens sell faster than anywhere else in Australia, according CoreLogic RP Data statistics for April. Acacia Gardens houses found a buyer in an average of 15.8 days, based on 75…
Australia is likely to enjoy another construction boom in the next financial year, which is expected to ease pressure on prices. New housing starts are expected to remain at 30,000 to 40,000 above long-term averages in 2015/2016, according to a new report by the Residential Development Council and CoreLogic RP Data. The Housing Industry Association forecast…
A proposed housing scheme could make it easier for young and old Australians to find suitable homes at affordable prices. New South Wales peak youth affairs body Youth Action has urged the state government to trial a ‘homeshare’ model it says has proven successful in other states and around the world. The homeshare model would…
An interesting speech from Dr. Christopher Kent, Assistant Governor of the Reserve Bank of Australia (RBA) in Canberra. The speech noted that household consumption has responded to low interest rates since 2013, but in a less strong manner than might have been expected. Let’s take a look at three of the main observations raised… PART 1 – THE…
Housing prices increased in all capital cities but Canberra last month, according to CoreLogic RP Data. In the three months to April, Sydney had the largest price increase. Home prices in the New South Wales capital increased by 5.4% over the quarter. CoreLogic RP Data head of research Tim Lawless says the city has seen…
QBE has released its latest survey findings on the state of property and mortgages in Australia which highlights the view that property was increasingly becoming substantially overvalued. Since the February 2015 interest rate cut, the appeal of residential property has increased, the QBE Barometer 2015 found. More than half (56%) of respondents think property prices will…
Earlier this week the Australian Bureau of Statistics (ABS) released building activity data for the December 2014 quarter. The data includes quarterly figures for dwelling commencements and dwelling completions. With a record number of dwelling approvals coming through the system, it is important to track this data as it provides insight into how many of…