The following shows a few Auction sales in Victoria for the week ended 6th June 2010, together with the Auction clearance rate in that week.
| Victoria | Sunday, 6 June 2010 | HOUSES | Total Auctions: 551 | Median Price : $720,500 | Clearance Rate: 71% | Highest Priced | Lowest Priced | $3,510,000 | 50 Hawthorn Grove, Hawthorn |
Most real estate websites, when they show details of properties that have sold in the past, do not have the actual price sold for. This information can be very useful when you are looking at houses, and there are ways to find this information history.
The most guaranteed way is … Read the rest
The government First Home Saver Accounts began in October 2008, as a special way of saving towards buying your first home, and to get a government contribution towards it, based on the amount you have saved.
The government contribution consists of 17% being added to your savings for the year, … Read the rest
According to the Australian Bureau of Statistics, the annual price change for Established Houses in the Australian Capital Cities has changed as follows:
12 Months to March 2010
up 27.7% Melbourne
up 21.0% Sydney
up 20.6% Canberra
up 17.5% Darwin
up 15.0% Perth
up 14.1% Hobart
up 12.1% Brisbane
up … Read the rest
A sample of the information from the 2010 First Home Buyers Survey released in March 2010
If interest rates rise by 2%, 71% of Australians looking to buy their first home in the next two years will still make the purchase, according to results from a recent First Homebuyers Survey. … Read the rest
The following shows the Median House prices for Sydney, in the June 2009 Quarter, from three of the main property pricing options:
June 2009
$490,000 Australian Bureau of Statistics
$533,904 RP Data
$547,000 Australian Property Monitors
Why the difference ?
Annual Changes – as quoted by the Australian Bureau of … Read the rest
According to the Real Estate Institute of Queensland (REIQ), whose December 2009 median property prices were released recently, the changes in Brisbane property prices have been:
Brisbane Median House Prices 2008 and 2009
| Brisbane City | $491,500 | $490,000 | + 0.3% | Brisbane SD | $425,000 | $420,000 | + 1.2% |
According to a newspaper article dated 28th May 1985, the medium property values for Australian Houses and Units in 1984 was:
Source: The Age 28th May 1985, Page 5
We have all seen the published median prices of property, and sometimes have wondered about what it really means.
Too often we see different median prices issued for the same area by
different organisations.
Sometimes we see figures that show a price change that just doesn’t look
right.
How about … Read the rest
An indication of the real increase in property prices is the median property priced set against the median household income of those groups that actually purchase properties.
For that reason, rather than using the national average wage, which includes all part time wages, 16 year old workers etc., I have … Read the rest
