AUCTIONS – AUSTRALIA

Sydney ignores RBA as auction sales hit 87pc

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Original article by Larry Schlesinger
The Australian Financial Review – Page: 7 : 15-Jun-15

Preliminary figures from CoreLogic RP Data show that Sydney’s residential property market achieved an auction clearance rate of 87 per cent on the weekend of 13-14 June 2015. This compares with a clearance rate of 89 per cent on the previous weekend, and almost 70 per cent for the corresponding period in 2014. Melbourne’s preliminary clearance rate was 78 per cent, compared with 69 per cent for the same period in 2014.

CORPORATES
CORELOGIC AUSTRALIA PTY LTD, RP DATA LIMITED, DOMAIN.COM.AU, AUSTRALIAN PROPERTY MONITORS PTY LTD, FAIRFAX MEDIA LIMITED – ASX FXJ, RESERVE BANK OF AUSTRALIA, AUSTRALIA. DEPT OF THE TREASURY, BELLE PROPERTY PTY LTD, MARSHALL WHITE AND COMPANY PTY LTD, SHANGHAI GREENLAND GROUP COMPANY LIMITED, McGRATH REAL ESTATE PTY LTD, FRASERS PROPERTY AUSTRALIA PTY LTD, BAYENO

Holiday plans hold back clearance rate

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Original article by Samantha Hutchinson
The Australian Financial Review – Page: 38 : 7-Apr-15

Sydney’s residential property market recorded an auction clearance rate of 67.9 per cent on the weekend of 4-5 April 2015. The Easter long weekend meant just 34 home went under the hammer, with 19 being sold. Just 13 homes in Melbourne were auctioned on the weekend, and seven were sold. Meanwhile, there was 13.9 per cent growth in residential property prices in Sydney during the year to March, while prices in Melbourne rose by 5.9 per cent

CORPORATES
AUSTRALIAN PROPERTY MONITORS PTY LTD, BRESIC WHITNEY ESTATE AGENTS PTY LTD, McGRATH REAL ESTATE PTY LTD, HOUSING INDUSTRY ASSOCIATION LIMITED

Private auctions – oh, so homely

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Original article by Michael Bleby
The Australian Financial Review – Page: 2 : 2-Apr-15

Opinion is divided regarding the merits of selling a residential property via a private auction. Buyers’ advocate David Morrell notes that private auctions can distort the property market due to the lack of data on the results of such auctions. Abercrombys Real Estate’s Rob Vickers-Willis says private auctions allow vendors to avoid having people turn up just to have a look at the property

CORPORATES
ABERCROMBYS REAL ESTATE PTY LTD, JLW PTY LTD, CORELOGIC AUSTRALIA PTY LTD, RP DATA LIMITED

Auction action hits top gear

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Original article by Larry Schlesinger, Nick Lenaghan
The Australian Financial Review – Page: 6 : 23-Mar-15

CoreLogic RP Data has reported that the residential auction clearance rate in Sydney topped 85 per cent on the weekend of 21-22 March 2015. Andrew Wilson of Domain Group forecasts quarterly house price growth of about three per cent for the rest of the year. Melbourne’s clearance rate was above 78 per cent, and property adviser Richard Wakelin says the market has benefited from the interest rate cut in February

CORPORATES
CORELOGIC AUSTRALIA PTY LTD, RP DATA LIMITED, DOMAIN.COM.AU, FAIRFAX MEDIA LIMITED – ASX FXJ, MIRVAC GROUP – ASX MGR, VICTORIA INVESTMENTS AND PROPERTIES, STOCKLAND – ASX SGP, PLEYSIER PERKINS

Interest rate cut has instant impact at property auctions

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Original article by Larry Schlesinger
The Australian Financial Review – Page: 5 : 16-Feb-15

Preliminary data shows that Sydney’s residential property market achieved an auction clearance rate of 77.9 per cent on the weekend of 14-15 February 2015, down from 80.5 per cent for the previous week. Melbourne’s preliminary auction clearance rate rose from 66.3 per cent to 67.4 per cent, while the national clearance rate rose from 67.3 per cent to 70 per cent. Mortgage Choice notes that the interest rate cut in February has resulted in a sharp rise in applications for home loans

CORPORATES
MORTGAGE CHOICE LIMITED – ASX MOC, RESERVE BANK OF AUSTRALIA, CORELOGIC AUSTRALIA PTY LTD, RP DATA LIMITED, AUSTRALIAN PROPERTY MONITORS PTY LTD, JP MORGAN AUSTRALIA LIMITED, McGRATH ESTATE AGENTS, JELLIS CRAIG AND COMPANY

Low rates spur buying spree

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Original article by Samantha Hutchinson
The Australian Financial Review – Page: 4 : 28-Jul-14

The respective residential real estate auction clearance rates for the Sydney and Melbourne markets on the 26-27 July 2014 weekend were 76% and 57%. The national average was 70% for the week, as buyers took advantage of record low interest rates for mortgage loans. The fixed rate has been cut to below 5% for the first time by three of the four major lenders. There is also a recovery underway in the upper end of the market, indicated by news that the "Tukurua" historic mansion in the Perth beachside suburb of Cottesloe has been placed on the market

CORPORATES
HOCKING STUART PTY LTD, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, WESTPAC BANKING CORPORATION – ASX WBC, RICHARDSON AND WRENCH PTY LTD, CORELOGIC AUSTRALIA PTY LTD, RP DATA LIMITED

Sydney, Melbourne house prices rebound in June

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Original article by Michael Bleby, Jacob Greber
The Australian Financial Review – Page: 6 : 30-Jun-14

New figures from RP Data show rises in the residential real estate auction clearance rates for the Sydney and Melbourne markets on the 28-29 June 2014 weekend. In Sydney the week-on-week increase was from 70.1% to 73.2% and in Melbourne it was from 69.1% to 69.3%. Meanwhile the median dwelling price in Sydney has also improved 1.5% during June, compared with a fall of 1.1% in May. In Melbourne it is up 1.7% after a drop of 3.6% previously. There are some warnings that a further rapid increase may create a threat for the economy and trigger higher interest rates

CORPORATES
RP DATA LIMITED, CORELOGIC AUSTRALIA PTY LTD, DOMAIN.COM.AU, FAIRFAX MEDIA LIMITED – ASX FXJ, RESERVE BANK OF AUSTRALIA, MOODY’S INVESTORS SERVICE INCORPORATED, AUSTRALIAN NATIONAL UNIVERSITY. CENTRE FOR APPLIED MACRO-ECONOMIC ANALYSIS