News in general has been very positive.
Show Breakdown - 17th September 2013
National #Auction #Clearance #Rates has been steadily rising but the standout remains with Sydney.
National #Auction #Clearance #Rates has been steadily rising but the standout remains with Sydney.
Average 74.9% National Clearance Rate
85.1% Sydney Clearance Rate
74.4% Melbourne Clearance Rate
76.1% Adelaide (Last four/five weeks it has been performing well) .
Note of some concerns, some suburbs are booming, could potentially have a bubble.
Its dangerous to see some buyers paying a lot over the reserved price.
Finally +1.16% homes advertised for sale has picked up. A good sign of more to come.
New Zealand Market - good market to watch since 1st july to today,
NZ market has had ( -3.7% listings)
29% increase
8.3% market price higher than 2007.
Auckland and Canterbury district that is driving this growth.
#Rent #Price #Movement
12.41 % Sydney
7.33% Melbourne
17.8 % Perth
overall 12.54% since january last year
#Residential #Vacancy #Rate
3.32% Sydney
2.37% Melbourne
3.99% Perth
overall average 3.23% across country
Must keep an eye on perth as its been high, around 4%.
Volume
Seems to be a level of excitement in the market. It will be about volume.
30% sales volume increase this time last year, lets gets some listings on the books then it will balance it out a bit more.
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