Please find below RP Data’s latest weekly housing market update, which provides a useful snapshot of the housing market as at 17 March 2013.
This week’s report includes:
- Latest weekly dwelling value results;
- Latest median house & unit prices;
- Average time on market & vendor discounts;
- Auction results & clearance rates;
- Number of for sale listings;
- Mortgage market activity; and
- New listings activity.
Full report below.
RP Data Weekly Housing Market Update (Week Ending 17 March 2013)
I can only assume that the vendor discount applies only to the last listing agent, as I have seem many listings discounted far greater thyan the numbers in the report as sellers move through multiple agents.
“These results are calculated across properties that have been advertised for sale over the past 28 days. A new listing is one which has not been advertised forsale over the past 6 months, total listings include new listings and properties which have been previously advertised” RPData. My assumption would be the discount quoted included the price of the earliest listing as long as there were no relistings older than 6 months.
Anyway this is just a guide for buyers to negotiate a better deal (or agents to work sellers). We all know that listings usually go to the agent who promises the seller the highest selling price and these can be a bit unrealistic starting points sometimes.
The true guide is the actual prices paid.
Sydney – population 4.6 million people. Median house price $600k
Darwin – population 130,000. Median house price $585k
Why isn’t it national news? Darwin is the 2nd most expensive city in Australia and its being artificially constrained.
If Tony Abbott wants to make a story about something real, something with some substance, he might want to start with this rather than boring us to death with the non event that is the carbon tax.