At the end of each quarter, the National Australia Bank (NAB) publishes an update on residential property in Australia. They base their findings on a survey of approximately 300 respondents consisting of real estate agents, property managers, developers, asset and fund managers, valuers and property
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Results for week ending April 24. The combined capital city clearance rate strengthened again this week, rising several points to 70 percent. Sales volume was down slightly this week due to the ANZAC long weekend, and robust demand in Sydney provided a boost to the
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Last week, Steve McKnight visited Brisbane, Sydney, Canberra and Melbourne to offer his expert insights on the current state of the real estate market in Australia. Over 1,300 investors attended, seeking answers on where property prices are headed and how to invest accordingly. For those
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Results for week ending April 17 The combined capital city clearance rate strengthened slightly to 68.6 percent, mostly due to lower supply volume. Only 1,667 homes were brought to auction, down from last week’s final tally of 1,831. The Stats Melbourne, Canberra and Tasmania all
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Australians have a love affair with real estate, and rightfully so. It’s an asset that’s always in demand. It’s tangible, easy to understand, it offers proven returns, and you can use other people’s money to buy it. But all of those things are generally true
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Results for week ending April 10. Buyers rose to the challenge this week, even as nationwide sales volume increased to 1,809. The combined capital city clearance rate strengthened, with the early numbers showing that 67.8 percent of auctions found bidders. The Stats Melbourne pulled out
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Australia has one of the highest household debt levels in the world. Our primary motivation for borrowing has been to fulfill the Aussie home ownership dream. As house prices have surged, so has the need to borrow big. While credit card and personal loan debt
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Results for week ending April 3. The joke was definitely not on sellers this weekend, as 1,543 capital city auctions were held nationally. Though the clearance rate slipped understandably from the previous low-volume, Easter holiday weekend, the preliminary results show that a healthy 67.0 percent
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Just when it seemed as if we had seen the top of the market in Sydney and Melbourne, buyers came out in full force for the March Super-Saturday auctions. With winning bidders offering up clearance rates well above 70 percent in most areas, many investors
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Results for week ending March 27. While only 533 vendors were keen enough to bring their homes to auction over the Easter long weekend, there were at least enough eager buyers to keep the clearance rate steady. Preliminary results show the combined capital city figure
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