What's happening today - Sydney/Melbourne

Discussion in 'Property Information Resources & Tools' started by MTR, 29th Sep, 2016.

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  1. MTR

    MTR Well-Known Member

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    For those interested in trying to work out what is happening today.


    Jason Staggers (Steve McKnight's group)
    Property Mentor, Editor - PropertyInvesting.com

    Auction clearance rates are approaching the boom-time highs of 2015, and we're barely a third of the way through the spring selling season. Home prices are surging in our largest capital cities, and early indicators point to growth rates as high as 3.5 to 4 percent in Melbourne and Sydney over the September quarter.

    Meanwhile, another group of analysts are calling the Sydney property market a "bubble." Swiss wealth management firm UBS has ranked the NSW capital as the fourth riskiest housing market in the world. Topping the list are Vancouver, London, and Stockholm.

    In a recent PropertyInvesting.com poll, we found that only about a fourth of our readers remain bullish on generic capital growth. The rest are either on the sidelines or pursuing manufactured growth strategies like renovation, subdivision, and development.



    MTR:)
     
    MTR, 29th Sep, 2016
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  2. Perthguy

    Perthguy Well-Known Member

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    Spring this year will interesting. Do you remember November 2015 there were over 1,000 auctions per week? in Sydney and Melbourne. Crazy!

    Hehe. Looks like I take the hat-trick. We are doing renovation, subdivision and development right now :)
     
    Perthguy, 29th Sep, 2016
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  3. MTR

    MTR Well-Known Member

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    Stocks are low which is great.
    I thinking of flipping something soon, its just so hot and like these markets, quick easy money, don't get your hands dirty and quick profits... move on
     
    MTR, 29th Sep, 2016
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  4. TadhgMor

    TadhgMor Well-Known Member

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    TadhgMor, 29th Sep, 2016
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  5. Gockie

    Gockie Life is good ☺️ Premium Member

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    I believe Sydney's auction volumes aren't at the 1000+ per week mark...the realestate link in the report link appears to be for the whole of NSW.

    This below is from Domain for what they call Sydney.

    Saturday 24th September 2016
    Property Snapshot
    Number Listed Auctions: 717
    Number Reported Auctions: 530
    Sold: 467
    Withdrawn: 42
    % Cleared: 82 %
    Total Sales: $525,790,399
    Median: $1,300,000
     
    Gockie, 29th Sep, 2016
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  6. Weaver

    Weaver Well-Known Member

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    I thought your avatar was simple and sweet @MTR, but then I realise she is Eve eating the forbidden fruit :)
     
    Weaver, 29th Sep, 2016
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  7. Perthguy

    Perthguy Well-Known Member

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    I think I might have meant VIC/NSW. I was thinking of this site:- Auction Results Melbourne - Property Prices & Sales Results in suburbs beginning with A | propertyDATA.com.au

    Vic Auction Results Snapshot
    972 Reported Auctions
    Last week: 891
    This week last year: 1139

    I remember in November 2015 it was over 1,000 auctions per week scheduled for every week in the month.

    A 78% Clearance Rate indicates the market is still going strong.
    Compare that to Perth:- 67 Total Scheduled Auctions, 24% Clearance Rate
     
    Perthguy, 29th Sep, 2016
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  8. Bunlee

    Bunlee Well-Known Member

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    Bunlee, 30th Sep, 2016
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  9. TadhgMor

    TadhgMor Well-Known Member

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    Yes- you're quite correct NSW != Sydney, my bad.

    The stats you've provided show an impressive number anyway !
     
    TadhgMor, 30th Sep, 2016
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  10. Lollie

    Lollie Well-Known Member

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    I've had lots of calls and emails over the past few weeks from agents in the inner sydney area asking if I'd consider selling. I detect a sense of urgency and with a particular interest in my Coogee property.
     
    Lollie, 1st Oct, 2016
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  11. MTR

    MTR Well-Known Member

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    Melbourne - 90.63% clearance rates, wow
     
    MTR, 2nd Oct, 2016
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  12. Barny

    Barny Well-Known Member

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    Doesn't count. Grand final weekend. Hardly any auctions
     
    Barny, 2nd Oct, 2016
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  13. MTR

    MTR Well-Known Member

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    OMG..... your right...... My team won so that is all that counts actually:)
     
    MTR, 2nd Oct, 2016
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  14. JDP1

    JDP1 Well-Known Member

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    No doubt Melbourne still has some growth left in it... But so do other markets..and maybe more over a longer timeframe.
     
    JDP1, 2nd Oct, 2016
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  15. Barny

    Barny Well-Known Member

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    Which other markets are you thinking?
     
    Barny, 2nd Oct, 2016
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  16. JDP1

    JDP1 Well-Known Member

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    Brisbane in particular. Short and med terms in particular.
    Sydney some but not much. Long term is good though.
     
    JDP1, 2nd Oct, 2016
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  17. Barny

    Barny Well-Known Member

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    Is Brisbane moving yet? I've read that some pockets have but overall no.
     
    Barny, 2nd Oct, 2016
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  18. JDP1

    JDP1 Well-Known Member

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    Don't worry about the overalls for Brisbane.. The overall numbers will show a very diluted number, unlike the southern caps.
    The right areas in Brisbane have given Melbourne and Sydney a run for their money...all for a significantly lower buy in price
     
    JDP1, 2nd Oct, 2016
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  19. MTR

    MTR Well-Known Member

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    Where:)
     
    MTR, 2nd Oct, 2016
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  20. JDP1

    JDP1 Well-Known Member

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    Most 3-10 km radius in any direction of the CBD have done well...and will continue to do so...all the while being significantly cheaper than their 'equivalents' in Sydney/Mel
    This is how to make equity- high growth potential that has delivered whilst a cheaper buy in price.
     
    JDP1, 2nd Oct, 2016
    #20
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