Sellers forced to meet the market as housing slowdown takes hold

Original article by Su-Lin Tan
The Australian Financial Review – Page: 3 : 2-Nov-15

Sydney boasted a preliminary residential auction clearance rate of 63.5 per cent on the weekend of 31 October and 1 November 2015, compared with 61.3 per cent for the previous weekend. The clearance rate in Melbourne was 65.4 per cent, with just 611 properties going under the hammer, after 1,690 homes were auctioned on the previous weekend for a clearance rate of 69.7 per cent. The national clearance rate was 63.3 per cent.

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McGRATH REAL ESTATE PTY LTD, INTERNATIONAL MONETARY FUND

Sellers beware: Auction clearance rates forecast in the 50s

Original article by Su-Lin Tan
The Australian Financial Review – Page: 3 : 26-Oct-15

The residential property market in Sydney boasted an auction clearance rate of around 64 per cent on the weekend of 24-25 October 2015, compared with 75 per cent 12 months ago. Andrew Wilson of Domain Group says the clearance rate is likely to fall below 60 per cent in coming weeks, noting the recent rise in the major banks’ mortgage interest rates. The clearance rate in Melbourne was 69.8 per cent.

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DOMAIN.COM.AU, WESTPAC BANKING CORPORATION – ASX WBC, STARR PARTNERS (MERRYLANDS), LAING AND SIMMONS HOLDINGS PTY LTD, BELLE PROPERTY PTY LTD

Markets swing further towards buyers

Original article by Larry Schlesinger
The Australian Financial Review – Page: 3 : 28-Sep-15

Preliminary figures from CoreLogic RP Data show that Sydney’s residential property market boasted an auction clearance rate of 74.2 per cent on the weekend of 26-27 September 2015. Louis Christopher of SQM Research says the final figure is likely to be closer to 70 per cent, but he rejects suggestions that the slowing property market means a major downturn is looming. The clearance rate in Melbourne was 73.4 per cent, and the national clearance rate was 71.3 per cent.

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CORELOGIC AUSTRALIA PTY LTD, RP DATA LIMITED, SQM RESEARCH PTY LTD, DOMAIN.COM.AU, LINEAR GROUP PTY LTD, ABACUS PROPERTY GROUP – ASX ABP, BELLE PROPERTY PTY LTD

Sydney clearance rates soft ahead of spring sale

Original article by Su-Lin Tan
The Australian Financial Review – Page: 3 : 23-Sep-15

The upcoming "Super Saturday" on 26 September 2015 will be a key test of the residential auction clearance rate in Sydney in Melbourne. Kim Quick of Herron Todd White says the fall in clearance rates can be partially attributed to the higher number of properties going under the hammer compared with the same time in 2014. Figures from Corelogic RP Data show that auction numbers have risen substantially year-on-year during September in both cities.

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HERRON TODD WHITE AUSTRALIA PTY LTD, CORELOGIC AUSTRALIA PTY LTD, RP DATA LIMITED, DOMAIN.COM.AU

Boom ends as clearances ‘set for 70pc’

Original article by Mercedes Ruehl, Robert Harley, Su-Lin Tan
The Australian Financial Review – Page: 3 : 21-Sep-15

Preliminary figures from RP Data show that Sydney’s residential property market boasted an auction clearance rate of 73 per cent on the weekend of 19-20 September 2015. Andrew Wilson of Domain Group says the spring clearance rate in Sydney has fallen to a three-year low, adding that it could soon fall below 70 per cent. The preliminary clearance rate in Melbourne was also 73 per cent.

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RP DATA LIMITED, DOMAIN.COM.AU, COOLEY AUCTION SERVICES PTY LTD, BELLE PROPERTY PTY LTD, STARRYLAND (AUSTRALIA) PTY LTD, CBRE PTY LTD, WAKELIN PROPERTY ADVISORY

Mixed results in Sydney auctions but no signs of housing slowdown

Original article by Su-Lin Tan
The Australian Financial Review – Page: 6 : 10-Aug-15

Sydney’s residential property market is not as hot as it was several weeks ago. Domain’s senior economist, Andrew Wilson, says auction clearance rates have been falling over the past three weeks while listings are twice as high as they were a year ago. CoreLogic RP Data reported a clearance rate of 77.8 per cent for 8-9 August 2015, compared with 78.8 per cent for 1-2 August.

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McGRATH REAL ESTATE PTY LTD, CORELOGIC AUSTRALIA PTY LTD, RP DATA LIMITED, DOMAIN.COM.AU

Buyers scoop up all 191 units in western Sydney project

Original article by Su-Lin Tan
The Australian Financial Review – Page: 5 : 3-Aug-15

Sydney’s residential property market boast an clearance rate of 78.8 per cent for the week ended 2 August 2015, according to CoreLogic RP Data. The clearance rate in Melbourne was 76.8 per cent, while the national clearance rate was 75.7 per cent. Meanwhile, First Point Projects and St Hilliers First Point sold every apartment on offer in the Thornton Central residential project in the Sydney suburb of Penrith on 1 August.

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CORELOGIC AUSTRALIA PTY LTD, RP DATA LIMITED, FIRST POINT PROJECTS PTY LTD, ST HILLIERS PTY LTD, RESERVE BANK OF AUSTRALIA, AUSTRALIAN NATIONAL UNIVERSITY, HOUSING INDUSTRY ASSOCIATION LIMITED, McGRATH REAL ESTATE PTY LTD

Auction clearances show softening trend

Original article by Robert Harley
The Australian Financial Review – Page: 3 : 13-Jul-15

Preliminary data from APM PriceFinder shows that Sydney’s residential property market boasted an auction clearance rate of 80 per cent on the weekend of 11-12 July 2015. An usually high number of homes for the time of year went under the hammer, which might have influenced the lower clearance rate, according to Andrew Wilson of Domain. Melbourne’s preliminary clearance rate rose from 74.7 per cent to 79.2 per cent.

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AUSTRALIAN PROPERTY MONITORS PTY LTD, DOMAIN.COM.AU, FAIRFAX MEDIA LIMITED – ASX FXJ, CORELOGIC AUSTRALIA PTY LTD, COBDEN AND HAYSON, BIGGIN AND SCOTT PTY LTD, PETER BLACKSHAW REAL ESTATE, WESTON CREEK PTY LTD

Signs of slowing but Sydney strong

Original article by Michael Bleby, Su-Lin Tan
The Australian Financial Review – Page: 3 : 6-Jul-15

Sydney’s residential property market boasted an auction clearance rate of 84.5 per cent on the weekend of 4-5 July 2015, according to Corelogic RP Data. Some 566 home went under the hammer, compared with 815 on the previous weekend, when the clearance rate was 82 per cent. The clearance rate in Melbourne fell from 78.5 per cent to 76.7 per cent, with the number of properties on offer falling from 924 to 527.

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CORELOGIC AUSTRALIA PTY LTD, RP DATA LIMITED, BELLE PROPERTY PTY LTD, RAY WHITE REAL ESTATE

Housing data shows peak is over

Original article by Robert Harley
The Australian Financial Review – Page: 38 : 1-Jul-15

Data from Domain Group shows that Sydney’s residential auction clearance rate eased from 83.3 per cent in May 2015 to 82.9 per cent in June. There was also a downturn in the median auction price. Meanwhile, the auction clearance rate in Melbourne rose from 78 per cent to 79.2 per cent in June, although the median dwelling price was 4.9 per cent lower than in May.

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DOMAIN.COM.AU, FAIRFAX MEDIA LIMITED – ASX FXJ, HOUSING INDUSTRY ASSOCIATION LIMITED, RESERVE BANK OF AUSTRALIA, HSBC AUSTRALIA HOLDINGS PTY LTD