Sydney Today News on March 3, Australian Eastern Time, different parties have different views on the auction data, making the Melbourne real estate market even more uncertain. The auction results obtained from last weekend’s auction activity yesterday showed that the Melbourne property market has undergone great changes.
A report from the Real Estate Institute of Victoria shows that Melbourne plans to have 695 properties for sale in the auction market. A report from the real estate agency last night showed that there were 621 properties in the actual auction market, with a clearance rate of 59%. With the collection of a series of auction data, the liquidation rate calculated later this week may be less than 60%.
Yesterday, apartments sold well, and the average rate of apartment sales reached 66%. And House's sales ratio is only 57%. The market in the middle suburbs of the north of Melbourne was terrible, 54 units were sold, and the clearance rate was only 43%. However, nearly three-quarters of the 34 suites in the northeast were sold at auction.
So far, the extremely low auction inventory levels have prevented the city’s clearance rate from being low. REIV's report shows that the number of planned auctions this year has fallen by 19% compared to last year and 2010% lower than in 11. However, the situation next week is unpredictable, because on the first so-called "Super Saturday" there will be 1000 properties entering the auction market. At this time last year, demand began to decline, and the clearance rate began to fall. It stopped in November 2011, but it did not fall below the 11% level. Faced with such a test, and market data sends out various vague signals, real estate owners have become nervous.
According to data from the Australian Bureau of Statistics, in addition to the influx of buyers from coal mining areas into the market due to the abolition of double interest rates, Victoria’s transaction volume has dropped to its lowest level in the previous twelve months. The decline in market demand includes new The market share of real estate and second-hand housing, as well as first home buyers, is also declining. However, relatively speaking, there is a positive message that the average loan amount of first home buyers and other borrowers in February increased slightly compared to last year, from $2 and $2011 in 18200 to $2900 and $3300 respectively. $4300.
At the same time, Residex, the second-largest analysis agency, also released price data for February, which made investors and commentators even more confused. Last month, the price of House fell by 2%, and the price of Unit fell by 1.02%. Residex estimates that the current average house price is 0.61% lower than last year. Residex CEO John Edwards said: "We have to go back to 6.57 to see that the average annual decline in house prices is much lower than it is now." He also included Melbourne as one of the "still troublesome" cities. One.
Contrary to their results, the RP Data-Rismark report shows that in February Melbourne house prices rose 2% and Unit prices rose 2% (but it caused the average annual housing price level to drop by 0.8%). Ben Skilbeck, general manager of Rismark, pointed out at the beginning of the month that “the strong market reflected in Melbourne’s February data is the result of increased capital gains, which is most likely caused by the decline in interest rates in November and December last year.”
The information on the market does not only include the above-mentioned contradictory results, and the real estate market is increasingly difficult to understand. (Ivy)