Sydney House Prices Rise by 12 or 17 percent

Two Reports in one week show Sydney House Price Rises of 17% or 12.8% annually..

Sydney house prices rose by more than 17 per cent in the 12 months to October 2015.
23 Nov 2015
http://www.abc.net.au/news/2015-11-23/australians-spending-one-third-of-income-on-mortage-repayments/6966230

Sydney’s home prices declined 1.4 per cent in November and rose 12.8 per cent … Read the rest

Auction Clearance Rates in Australia – 31 October 2015

Australian auction results for week ending Sunday 01 November 2015.

Victoria auction results.

582 scheduled auctions 65% Clearance rate*
62 Sold prior to auction
129 Passed in
196 Sold at auction
15 Withdrawn
6 Sold after auction

264 Total Sold either Before, During or After Auction: (62+196+6) equals 45.3% of … Read the rest

Auction Clearance Rates Australian Home Sales

Australian Auction Home Clearance Rates.

Rates published on Saturday 24th October 2015 by www.realestate.com.au for Auctions during the Week ending Sunday 25 October 2015 show this example for Victoria.

VIC

1575 Total Scheduled Auctions
67% Clearance Rate

Actual Sales, or possible sales, numbers are quoted as:

135 Sold prior to … Read the rest

Sydney median house price now over $1 Million Dollar

Sydney median house price now sits at $1,017,500, as at July 2015.

Headlines for Sydney House Prices have the median price having gone through the $1 Million mark and now standing at $1,017,500.

But … what part of Sydney is that ?

Sydney City ?
Population: 169,505 (2011 census)

Greater … Read the rest

House Prices 1973 and 2014 from Domain.com.au

House Prices 1973 and 2014 from www.domain.com.au.

A comparison of house prices done by www.domain.com.au
show that Perth (3,109%) has risen faster than the other States, with Hobart in Tasmania (2,020%) having the smallest increase. (Darwin is not compared as full data is not available). All property has risen … Read the rest

House Buying: Stamp Duty in Australia. 2013

Stamp Duty is paid on most House Purchases in Australia.

Stamp Duty rates on Residential Homes in 2013.

One example for each State, based on a $420,000 property with a $300,000 mortgage gives the following totals for Stamp, Land Transfer and Mortgage Registration Duties.

First Home owners do get various … Read the rest