Property Market Update – 15 August 2016

Property Prices

The Sydney and Melbourne property show continues …

Trends by city

Percentage by city

RP Data. Understand the limitations to the quality and timeliness of Australian real estate data.

 

Auction Clearance Rates

Another healthy auction weekend in the lead up to Spring.

Market Commentator Insight

  • SYDNEY HOUSING MARKET UPDATE [VIDEO]  – AUGUST (12 August 2016, Tim Lawless, Property Update). Click here to read more.

Takeout:  The Sydney market finished the month as the Best performing capital city with an increase of 5.6%, it also proved to have the second lowest rental yield units at 3.9%.

  • BRISBANE HOUSING MARKET UPDATE [VIDEO] – AUGUST 2016 (13 August 2016, Tim Lawless, Property Update). Click here to read more.

Takeout:   Brisbane was one of the four capital cities to record a fallen values during July which has resulted in a slowing of the annual rate of growth for the city.

  • Low auction numbers giving high clearance rate momentum (14 August 2016, Staff Reporter, Property Observer). Click here to read more.

Takeout: Relatively low auction numbers continue to contribute to high clearance rates.

  • $1.55 million asking price for Sydney’s priciest one bedroom beach house (14 August 2016, Staff Reporter,  Property Observer) Click here to read more.

Takeout: Sydney architect Domenic Alvaro’s strikingly small, five storey Surry Hills house sold for $1.88 million in 2014, to rank as Sydney’s priciest custom built one bedder.

  • Sydney’s priciest weekend auction result was a Popov (15 August 2016, Jonathan Chancellor, Property Observer). Click here to read more.

Takeout: Sydney’s top weekend auction result was another stellar sale.

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