Archive for June 2010 | Monthly archive page
Saturday June 26th 2010
| This week: | 773 |
| Last Weekend: | 952 |
| This time last year: | 426 |
| Clearance rate: | 65% |
| S Sold at Auction: | 405 |
| SB Sold before Auction: | 96 |
| SA Sold after Auction: | 1 |
| Passed in: | 271 |
| Passed in on vendor’s bid: | 171 |
| Postponed: | 2 |
| Withdrawn: | 5 |
| Auctions with no result: | 87 |
| PS Private Sales: | 579 |
| Total Volume (Auctions): | $361.79mil |
| Total Volume (Private Sales): | $279.56mil |
| Total Auctions Houses: | 510 |
| Clearance Rate: | 63% |
| Median Price: | $712,500 |
| Total Value: | $258,623,588 |
| Total Auctions Flats/Apartments: | 252 |
| Clearance Rate: | 68% |
| Median Price: | $510,000 |
| Total Value: | $97,360,130 |
| Total Auctions Vacant Land: | 11 |
| Clearance Rate: | 73% |
| Median Price: | $571,250 |
| Total Value: | $5,811,000 |
Saturday June 19th 2010
| This week: | 885 |
| Last weekend: | 323 |
| This weekend last year: | 520 |
| S Sold at Auction: | 493 |
| SB Sold before Auction: | 98 |
| SA Sold after Auction: | 1 |
| Passed in: | 293 |
| Passed in on vendor’s bid: | 193 |
| Clearance rate: | 67% |
| Postponed: | 2 |
| Withdrawn: | 4 |
| Auctions with no result: | 100 |
| PS Private Sales: | 447 |
Melbourne house prices rose by just 0.27 per cent in May, well below the growth recorded in the past six months, according to figures provided Residex.
While Residex reports that no Melbourne suburbs have recorded price falls – making it the strongest-performing market in the country – the pace of growth has dropped sharply in some top-end, family-oriented and first home owner areas.
Analysts caution that Melbourne’s property market remains healthy overall and that a slowdown was desirable and inevitable.
CommSec securities analyst Savanth Sebastian said: ”I think in Melbourne you will see come back closer to zero over the next few months … The fact that the property market has survived the [global financial crisis] has made investors realise that it’s an attractive investment.”
Change in national dwelling values: May quarter 2010
| Sydney values | ↑ | 2.4% | (median price: $517,250) |
| Melbourne values | ↑ | 3.3% | (median price: $480,000) |
| Brisbane values | ↑ | 0.8% | (median price: $445,000) |
| Adelaide values | ↑ | 0.8% | (median price: $445,000) |
| Perth values | ↓ | 2.1% | (median price: $475,000) |
| Darwin values | ↑ | 1.6% | (median price: $481,775) |
| Canberra values | ↑ | 3.7% | (median price: $508,500) |
| Hobart values ? | ↓ | 1.0% | (median price: $340,000) |
| (Based on final April figures) | |||
Melbourne has the lowest rental yields, with gross rental yields of 3.5% for houses and 4.2% for units.