HOUSE SELLING – VICTORIA

36,000 home hangover for Melbourne market: SQM Research

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Original article by Nathan Mawby
news.com.au – Page: Online : 9-Jan-19

SQM Research has reported that there were over 36,000 homes still up for sale in Melbourne at the end of 2018. This represents an increase of 25 per cent when compared to the end of 2017, when around 29,000 homes were on the market. SQM Research head Louis Christopher says the increase in unsold homes shows that sellers are not prepared to accept "low-ball" offers for their homes. He says that quite a number of vendors have withdrawn their homes from the market altogether, and that these sellers would put their houses back on the market in 2019.

CORPORATES
SQM RESEARCH PTY LTD

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.

CORPORATES
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

CORPORATES
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