HOUSE SELLING – NEW SOUTH WALES

Six signs show the Sydney residential market has cooled

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Original article by Matthew Cranston
The Australian Financial Review – Page: 40 : 11-Nov-15

A number of factors suggest that growth in Sydney’s residential property market has slowed in 2015. The auction clearance rate has fallen from 89.2 per cent in May to a three-year low of 59.2 per cent. Likewise, the number days a property is listed before selling has risen from 25 in July to 28 in November, while there is also evidence of a widening differential between the reserve price of residential properties and the eventual sale price at auction.

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DOMAIN.COM.AU, RICHARDSON AND WRENCH PTY LTD, CORELOGIC AUSTRALIA PTY LTD, RP DATA LIMITED, AUSTRALIAN FINANCE GROUP LIMITED – ASX AFG, AUSTRALIAN BUREAU OF STATISTICS, RESERVE BANK OF AUSTRALIA, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY

Sydney, Melbourne fast sellers

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Original article by Michael Bleby
The Australian Financial Review – Page: 3 : 17-Jul-15

CoreLogic’s data for private treaty sales in April 2015 shows that houses in Sydney were sold an average of 26 days after being put on the market, compared with an average of 31 days in May 2014. Likewise, the average number of days required to sell a home via private treaty sale in Melbourne fell from 43 to just 32. CoreLogic also reports that some 17,282 residential properties are currently for sale in Sydney, while 26,987 are on the market in Melbourne.

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CORELOGIC AUSTRALIA PTY LTD, DOMAIN.COM.AU, FAIRFAX MEDIA LIMITED – ASX FXJ

Sydney exceeds Melbourne in auction sales for first time

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Original article by Michael Bleby
The Australian Financial Review – Page: 3 : 10-Nov-14

The respective residential real estate auction clearance rates for the Sydney and Melbourne markets over the 10 months to early November 2014 are 74.9% and 68.8%. The system of selling by auction is becoming more common in Sydney, meaning that the city has had more such transactions than Melbourne, at 24,590 against 24,335. Meanwhile the average price of Sydney properties has grown 11.9% during the calendar year so far

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RP DATA LIMITED, CORELOGIC AUSTRALIA PTY LTD, SQM RESEARCH PTY LTD, BELLE PROPERTY PTY LTD, TOGA DEVELOPMENTS PTY LTD, AUSTRALIAN FINANCE GROUP PTY LTD, BELLER RESIDENTIAL, MORRELL AND KOREN PTY LTD