Devil in the Detail + Fundamentals tell the Real Story

The Home Builder scheme announced in early June is intended to boost activity in the construction sector. Dwelling construction is expected to see a lagged decline in activity off the back of COVID-19, as the recently recovering trend in dwelling approvals began to slip in April, led by a decline in unit approvals.  However, the $25,000 incentive for building a new home, or renovating an … Continue reading Devil in the Detail + Fundamentals tell the Real Story

Cap cities gather pace

Auction numbers up on last week Sellers show confidence Buyers expected to emerge Upcoming auctions This week, 1,226 capital city auctions are currently being tracked by CoreLogic, increasing from the 1,181 auctions held last week at final results. One year ago, a higher 1,484 auctions took place across the capital cities. Melbourne is expected to see a rise in activity this week, with 542 homes … Continue reading Cap cities gather pace

Best Results in 2 months

  Both volume and clearance rise Canberra stands out Brisbane records over 50% The week saw the combined capital city preliminary auction clearance rate improve with 63.3% of homes selling at auction over the week. The higher clearance rate was against a higher volume of auctions, with 1,164 properties scheduled for auction; the busiest week for auctions since the week ending 19 April. Last week, … Continue reading Best Results in 2 months

Could stamp duty be on the way out? + Learn from someone else's mistake

Highlights from this week:  The best way to learn Post stamp duty? Detail for individual podcasts Several years ago a small group of like-minded property enthusiasts – about 8 I believe – realized that by pooling their knowledge and sharing their experiences they were more likely to succeed and their success would be multiplied.  And so The Property Development Network was born.  That small group … Continue reading Could stamp duty be on the way out? + Learn from someone else's mistake

Volumes Highest in 2 months

  Only 12% of auctions withdrawn Cap city clearance rate weakens slightly Canberra is the best performer Last week There were 711 capital city homes scheduled for auction last week, returning a final auction clearance rate of 56.2%. Last week’s clearance rate was lower than the previous week’s 61.3% when volumes were higher (856).   This week and weekend There are 1,179 capital city auctions being … Continue reading Volumes Highest in 2 months

VIDEO – Long weekend softens the market

  Auction numbers down Clearance down as well Sellers still nervous  This week, 694 capital city homes were scheduled for auction, with preliminary results returning a 59.8 per cent clearance rate. The lower volume of auctions came as most states and territories welcome the Queen’s Birthday public holiday on Monday.  In Melbourne, 189 homes were scheduled to go under the hammer this week. T the … Continue reading VIDEO – Long weekend softens the market

A Beautiful Brick Home In A Quiet Cul-de-sac

This beautifully designed large family home is located in a peaceful cul-de-sac just 5 minutes to Ferny Grove train. A home that provides all the options for a modern lifestyle in the much sought-after Patricks Rd school catchment. If you need room for the kids, space for the bikes, jet ski, or any of the above this 425 sq.m home is loaded with possibilities. The … Continue reading A Beautiful Brick Home In A Quiet Cul-de-sac

Property winners and losers + Investors remain bullish

This week Veronica Morgan from Elephant In The Room podcast takes on the host role and first up talks to the author of the CoreLogic Pain and Gain report, Eliza Owen, who reveals just how many property owners lose money when they sell.    Kent Lardner the data whiz kid, is the brains behind the newly created Suburb Trends Report that does not dabble in the … Continue reading Property winners and losers + Investors remain bullish

Sydney Leads Recovery

Last week The capital city final auction clearance rate came in at 61.3% last week, slightly lower than the week prior when 62.7% of properties sold at auction. The lower clearance rate was across a higher volume of auctions with 856 held, up on the 612 held over the week prior. Of the 738 results collected, 12% were withdrawn which was much lower than the … Continue reading Sydney Leads Recovery

VIDEO – Market Strengthens More

  Melbourne pips Sydney Withdrawals decline again Auction numbers at 6 week high This week, 867 capital city homes were scheduled for auction, with preliminary results returning a 65.9 per cent clearance rate.  Although the number of auctions held remains low, since restrictive policies around open homes and onsite auctions were lifted, the trend has been towards more auctions held and a substantial reduction in … Continue reading VIDEO – Market Strengthens More