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Sydney Market on Fire!

Sydney Market on Fire!

Posted by   |   February 13th, 2015   |   Categories: Industry News, Market Trends

HAMMERS ran hot on the first big auction weekend of the year, with Sydney leading the sales charge.

The number of auctions staged across the nation’s capital cities jumped to 954, up from 403 last weekend, according to Core Logic RP Data.

The preliminary clearance rate was 66.9 per cent, though there was a wide gap between the Sydney market and the rest of the country.


Industry Snapshot

Posted by   |   May 06th, 2014   |   Categories: Industry News, Market Trends, News

According to REIV, A clearance rate of 70 per cent was recorded this weekend compared to 67 per cent last weekend and 69 per cent this weekend last year.

There were 704 auctions reported to the REIV this weekend, with 496 selling and 208 being passed in, 103 of those on a vendor bid. READ MORE +

Suburb profile: Elwood

Posted by   |   April 30th, 2014   |   Categories: Market Trends, News

Australia’s Number 1 investor spot!

New research released this week by property data has tipped strong capital growth over the next five years for Elwood, St.Kilda and Richmond. The data suggests that Elwood is the nation’s top suburb to buy a unit in, with expected annual growth of more than 8 per cent until 2019. St Kilda and Richmond follow closely behind with a predicted 7 per cent annual growth.

Elwood has an eclectic mix of both houses, flats and units, and has a median property price of $1.225 to buy and $695 per week to READ MORE +

CBD Boom

Posted by   |   April 09th, 2014   |   Categories: Industry News, Market Trends, News

There has been a recent boom in the number of residents living within and nearby Melbourne CBD, according to The Age’s Peter Martin; and it’s becoming clear that interstate cities are also following this trend. In nine years alone, we’ve seen the population of Melbourne’s CBD double in size.

It’s thought that this trend won’t die down any time soon- according to the Bureau of Statistics; who has foreseen that by 2050, the percentage of Australians living in capital cities will increase to 72%, which is a 6% increase of the current CBD population. This population growth is sure to put pressure on the need for rental properties. READ MORE +

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