A clearance rate of 76 per cent was recorded this week compared to 77 per cent last week and 72 per cent this week last year. 

On Friday 14th July, the Treasury Office released a draft bill regarding how depreciation deductions on second-hand property can be claimed moving forward. They also invited interested parties to make submissions.

Members commenced their discussion of the Australian economy by noting that year-ended GDP growth in the March quarter had slowed, largely reflecting temporary factors. GDP growth remained below Bank estimates of potential output growth, consistent with spare capacity in the labour market and low inflation.

The Victorian Government announced various housing initiatives including abolishing stamp duty for some first-home buyers, changing the FHOG in regional Victoria, changes to the off-the-plan concession, and a tax for vacant residential property. 

A clearance rate of 79 per cent was recorded this week compared to 76 per cent last week and 78 per cent this week last year.

A clearance rate of 77 per cent was recorded this week compared to 73 per cent last week and 74 per cent this week last year.

A clearance rate of 74 per cent was recorded this week compared to 72 per cent last week and 70 per cent this week last year.

A clearance rate of 72 per cent was recorded this week compared to 74 per cent last week and 69 per cent this week last year.

Property Depreciation Changes - 2017 Budget

Millennials buying their first home might be open to new ideas but they really need to think about settling down, says the demographer.

A clearance rate of 75 per cent was recorded this week compared to 75 per cent last week and 71 per cent this week last year. 

A clearance rate of 76 per cent was recorded this week compared to 77 per cent last week and 67 per cent this week last year. 

At it's meeting today the Board decided to...

A clearance rate of 78 per cent was recorded this week compared to 77 per cent last week and 73 per cent this week last year.

Property versus shares by Colin Carpenter

HOUSE prices are rising rapidly in Melbourne — but first-home buyers require less savings in the Victorian capital to enter the market than in two other Australian cities, according to CoreLogic.

A clearance rate of 77 per cent was recorded this week compared to 79 per cent last week and 73 per cent this week last year.

A clearance rate of 80 per cent was recorded this week compared to 78 per cent last week and 73 per cent this week last year.

A clearance rate of 78 per cent was recorded this week compared to 78 per cent last week and 72 per cent this week last year.

A clearance rate of 79 per cent was recorded this week compared to 82 per cent last week and 72 per cent this week last year.