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I'd have to agree with that, statistics I recall reading earlier this year pointing to Melbourne holding 50% of all resi auctions, Sydney around 25% and the rest of the cities combined made the final 25%. With current distribution you would only want to be looking seriously at Melbourne/Sydney...

Hey Peter, see graph attached with update. We've seen a couple of weeks bounce in Melbourne (dead cat?), but weekend just been we've seen the downtrend resume. Volume (combined auctions/private sales) is the lowest in 6 months. Winter tends to bring quieter volume historically (but in turn less...

I have been following the REIV reported figures in Melbourne and this weekend just gone we had the lowest $ volume (across auctions/private sales) recorded since February 6th this year if you don't count long weekend figures (see attached graph).

Auction clearance rates continue to drop in Melbourne. I've attached two charts, first chart is including all weeks results, the second takes out those long weekends that have less than 300 auctions reported to give a more accurate representation of where Melbourne is heading. Growth in...

It seems to me that the market is rolling over. We have credit/loan growth slowing considerably, capital gains have come off the boil and auction clearance rates are on their way down. On top of this I have seen a substantial (but not measurable aka anecdotal) increase in listings on property...