Australian house price growth cooled last week as auction clearance rates slowed

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Via Business Insider by feedback@businessinsider.com (Business Insider Australia)

House price growth in Australia's two major markets slowed in the last week of July, according to CoreLogic's weekly house price data, released today.

On an average weighted basis, house prices in Sydney fell by 0.3% for the week, which reduced the monthly price change to just 0.9%.

Melbourne prices also dipped by 0.1% for the week, resulting in a monthly change of 2.7%. Prices in Brisbane and Perth also fell, while Adelaide recorded a 0.3% gain.

The results reduced the combined monthly increase of the five capital cities to 1.1%, down from a 2.2% rise a week earlier which was driven by gains of 2.1% and 4.2% in Sydney and Melbourne respectively.

Here's the latest weekly table from CoreLogic:

In line with softer weekly house price growth, the preliminary figure for auction clearance rates across the country was 70.7%. That represents a fall from last Monday's figure of 74.8%.

Preliminary clearances rates are almost certain to be revised down in the Thursday release of the finalised figures, which suggests that the prior week's national clearance rate of above 70% - the first in two months - is unlikely to be repeated.

The lower clearance rate last week came amid higher auction volumes, with 1,957 auctions across Australia for the week ended 30 July 2017, a 10.6% increase on the week before.

Clearance rates in Melbourne remained well above the national average, with last week's 77.2% clearance rate down slightly from the preliminary estimate of 79.4% the week prior.

Sydney's clearance rate dipped back below 70%, and the preliminary figures of 68% suggests a fall towards 65% may be on the cards when final numbers are released.

As usual, clearance rates differed significantly across the sub-regions of the Sydney market. The eastern suburbs was the only region above 90%, compared to 52.4% in Parramatta and down to 40.4% in the South West region.

The latest data shows gains in the prior week were more of a once-off in July, which was an otherwise softer month for growth after prices bounced back in June.

The property market will be keeping a close eye on August numbers as price growth has shown a slight easing bias since the introduction of macro-prudential regulations in April.

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Australian house price growth cooled last week as auction clearance rates slowed

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Via Business Insider by feedback@businessinsider.com (Business Insider Australia)

House price growth in Australia's two major markets slowed in the last week of July, according to CoreLogic's weekly house price data, released today.

On an average weighted basis, house prices in Sydney fell by 0.3% for the week, which reduced the monthly price change to just 0.9%.

Melbourne prices also dipped by 0.1% for the week, resulting in a monthly change of 2.7%. Prices in Brisbane and Perth also fell, while Adelaide recorded a 0.3% gain.

The results reduced the combined monthly increase of the five capital cities to 1.1%, down from a 2.2% rise a week earlier which was driven by gains of 2.1% and 4.2% in Sydney and Melbourne respectively.

Here's the latest weekly table from CoreLogic:

In line with softer weekly house price growth, the preliminary figure for auction clearance rates across the country was 70.7%. That represents a fall from last Monday's figure of 74.8%.

Preliminary clearances rates are almost certain to be revised down in the Thursday release of the finalised figures, which suggests that the prior week's national clearance rate of above 70% - the first in two months - is unlikely to be repeated.

The lower clearance rate last week came amid higher auction volumes, with 1,957 auctions across Australia for the week ended 30 July 2017, a 10.6% increase on the week before.

Clearance rates in Melbourne remained well above the national average, with last week's 77.2% clearance rate down slightly from the preliminary estimate of 79.4% the week prior.

Sydney's clearance rate dipped back below 70%, and the preliminary figures of 68% suggests a fall towards 65% may be on the cards when final numbers are released.

As usual, clearance rates differed significantly across the sub-regions of the Sydney market. The eastern suburbs was the only region above 90%, compared to 52.4% in Parramatta and down to 40.4% in the South West region.

The latest data shows gains in the prior week were more of a once-off in July, which was an otherwise softer month for growth after prices bounced back in June.

The property market will be keeping a close eye on August numbers as price growth has shown a slight easing bias since the introduction of macro-prudential regulations in April.

Read more posts on Business Insider Australia »

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Australian soccer supremo Les Murray - aka 'Mr Football' - has died, aged 71

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Via Business Insider by feedback@businessinsider.com (Business Insider Australia)

Legendary Australian soccer broadcaster Les Murray has died at the age of 71.

Murray, born László Ürge in Budapest, Hungary, has been the game's most visible TV presenter and staunchest supporter since joining Network Ten as a commentator in 1977.

He most recently hosted The World Game, on SBS, from 2001 to 2014. He covered five World Cup tournaments, earning the nickname "Mr Football", and was inducted into the FFA's Football Hall of Fame in 2003.

In 2006, he was made a Member of the Order of Australia for services to association football.

Read more posts on Business Insider Australia »

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Paper dragon: How Global Times serves China

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Ronnie Magro-Ortiz Talks Relationship With Sammi Sweetheart on Famously Single: "She Wasn't Exactly What I Needed"

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Famously Single, Ronnie, SammiRonnie Magro-Ortiz is ready to move on from the past. In Sunday night's episode of Famously Single, the Jersey Shore star opened up about his roller coaster relationship with...
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GOP Aims To Kill Obamacare Yet Again After Failing 70 Times - Newsweek

Brother of ousted Pakistani PM seen as successor

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Brother of ousted Pakistani PM seen as successorBy Drazen Jorgic ISLAMABAD (Reuters) - Pakistan's ruling party plans to appoint the brother of ousted Prime Minister Nawaz Sharif as his successor to fight the 2018 general elections, local media reported on Saturday, but will first have to appoint an interim prime minister. Shahbaz Sharif, 65, the chief minister of the vast Punjab province that accounts for more than half of Pakistan's 190 million people, will need to be first elected to the national assembly before he can take over as leader of the coun try. Nawaz Sharif's resignation on Friday has plunged the nuclear-armed nation into political turmoil after several years of relative stability.


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Tesla begins delivering 'Model 3' car for the masses

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Tesla begins delivering 'Model 3' car for the massesTesla began delivering on a dream to make an electric car for the masses, rolling out its "Model 3," aiming to disrupt a world accustomed to automobiles powered by pollution-spewing fossil fuel. An initial batch of the 'Model 3' cars that rolled out of the Tesla plant in Fremont, California late Friday were given to customers, most of whom were employees of the company. Production of the electric car aimed at the broader market -- with a starting price of $35,000 -- will ramp up quickly, according to Musk, with 100 in August and 1,500 or more i n September.


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‘Game of Thrones’ Recap: Cersei Kicks Off Her Revenge Tour in ‘The Queen’s Justice

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Via TheWrap by Phil Hornshaw

After a raucous ending to the second episode of "Game of Thrones" Season 7, with some of the Daenerys' most trusted allies being captured by Euron Greyjoy. In Episode 3, "The Queen's Justice," she starts by making a new one — Jon Snow (Kit Harington).

The show opened with a big meetup we've been waiting for between Jon and Daenerys (Emilia Clarke). And one between Jon and Tyrion (Peter Dinklage), who haven't been in the same place at the same time since Season 1. Their meeting is a pretty cordial one, even though Tyrion and Missandei (Nathalie Emmanuel) ask Jon and his men to turn over their weapons.

"This place has changed," Ser Davos (Liam Cunningham) tells Jon, right before the two hit the deck as Drogon flies just past them. They're a little out of their depth when it comes to dragons.

Also Read: All '49 Game of Thrones' Main Characters, Ranked Worst to Best (Photos)

Tyrion and Jon caught up on one of the key events that's taken place since they last saw each other — including Tyrion marrying Sansa (Sophie Turner). Tyrion assures Jon the sham marriage went unconsumated, although Jon doesn't give him a hard time about it.

"She's much smarter than she lets on," Tyrion says about Sansa. "She's starting to let on," Jon returns.

From atop the cliffs at Dragonstone, Melisandre (Carive van Houten) watches Jon and Davos' arrival. Varys (Conleth Hill) finds her there and asks why she didn't meet the man she spoke so highly of on the beach. Melisandre suggests she's going to take a back seat in the coming intrigues as the war against the dead looms. Varys doesn't buy it. But when he suggests she should leave Westeros, she says she's not going anywhere.

Also Read: 21 Big 'Game of Thrones' Fan Theories for Season 7 and Beyond (Photos)

"I have to die in this strange country. Just like you," Melisandre tells him.

Jon's reunion with Tyrion was a pretty easygoing one, but the meeting between Dany and Jon was a little more tense.

The big thrust of the meetup was Danaerys asking Jon to bend the knee. In trying to convince him to pledge fealty, she asks for his forgiveness for the sins of her father, Aerys Targaryen, who killed Ned Stark's father and brother.

Also Read: "Game of Thrones" 101: What Can Kill White Walker, and What Exactly is Dragonglass?

"I ask you not to judge a daughter by the sins of her father," she says. But she still demands Jon's fealty, and he refuses to give it. The gist of the discussion is that Jon doesn't care about the Iron Throne — he's only worried about the the Night King.

Davos takes his turn at trying to convince Daenerys to back Jon, with one of his great, impassioned speeches. "He was named Lord Commander of the Night's Watch, he was named King in the North," Davos tells her. "It wasn't his birthright. He has no birthright, he's a damn bastard." He also mentions that Jon took a dagger to the heart for his people, something Dany notes for later.

It doesn't quite work, though, and Jon and Davos are kept on Dragonstone without the ability to leave — not quite prisoners, but not quite guests.

Also Read: "Game of Thrones": What You Need to Know About Dragonstone, Daenerys' New Castle

Out in the Narrow Sea, we find Theon, not quite dead yet. He's yanked out of the water by the last remaining ships of the Iron Fleet.

Meanwhile, Euron rides through King's Landing with Yara, Ellaria (Indira Varma), and Tyene (Rosabell Laurenti Sellers) in tow. He offers the captives as the priceless gift he mentioned last time he saw Cersei. In return, Cersei promises him "what his heart desires" when the war is won. She names Euron commander of the crown's naval forces to go with Jaime commanding the Lannister armies. Euron takes the opportunity to taunt Jaime again, this time with the fact that Euron will soon be with Cersei.

Cersei heads to the dungeons next to get her revenge on Ellaria for murdering Cersei's daughter Myrcella (Nell Tiger Free). She gets her poetic vengeance by murdering Tyene the same way Ellaria killed Myrcella — with "the Long Farewell," with Cersei giving the last Sand Snake a poisonous kiss. She leaves both of the women locked in their cell, ensuring that Ellaria will have to watch Tyene die.

Also Read: "Game of Thrones" 101: Who's Left in House Martell?

Next, Cersei meets with a representative of the Iron Bank of Braavos, to whom the Iron Throne owes a ton of money. She needs to convince the Iron Bank not to back her enemies, and makes a solid case for why investing in her rule is a safer bet than investing in Daenerys, especially since she cost the Iron Bank a ton of money by destroying the slave trade in the Free Cities.

Back at Dragonstone, Tyrion and Jon have a broody meeting out on the cliffs, where Jon tries again to convince Tyrion about the threat of the White Walkers. Tyrion admits he believes Jon, but he can't convince Dany, who has no reason to believe him. So he asks Jon for something he can do to help. Jon mentions the huge amount of Dragonglass in Dragonstone.

Tyrion goes to Dany and asks him to give Jon a concession to ease tensions between them: Let him mine the dragonglass. When Dany meets with Jon, she takes Tyrion's advice, offering him the Dragonglass as a sign of good faith.

Also Read: 'Game of Thrones' 101: Sansa Stark's Biggest Moments (Photos)

Meanwhile back at Winterfell, Sansa flexes her leader muscles, making some smart calls about preparing for winter. She notes that if there's a war during the winter, Winterfell is the place everyone is going to fall back to defend. And it's going to need a ton of food to survive.

Littlefinger (Aidan Gillen) gives Sansa some decent advice for not trusting anyone — she should consider all outcomes all the time of every event, so nothing ever surprises her. Easier said than done, one expects. But their discussion is cut short by another major reunion: Bran (Isaac Hempstead Wright) showing back up in Winterfell with Meera Reed (Ellie Kendrick). Bran tries to explain what being the Three-Eyed Raven means to Sansa, although he's not especially clear. When he brings up her wedding to Ramsay Bolton (Iwan Rheon), though, she gets overwhelmed and takes off.

At Oldtown, Archmaester Marwyn (Jim Broadbent) inspects Jorah (Iain Glenn) now that he's seemingly been cured of greyscale overnight. He gives Jorah a clean bill of health but knows the risks Samwell Tarly (John Bradley-West) took to cure him. After Marwyn departs, asking Sam to meet him later — presumably for his punishment — Jorah tells Sam he'll seek Daenerys now that he's cured.

Also Read: All 49 'Game of Thrones' Main Characters, Ranked Worst to Best (Photos)

Later, Marwyn asks Sam how he managed to cure a man with a procedure lots of other maesters have failed to execute properly. "I read the book and followed the instructions," Sam tells him. Marwyn doesn't punish Sam, instead telling him he should be proud of his accomplishment. Then he makes him copy a bunch of gross, rotting scrolls.

"You expected a reward?" Marwyn asks him. "Your reward is not being immediately expelled from the Citadel." Sam can't catch a break.

Next, we see a location we've never been to before on the show: Casterly Rock. In a lengthy montage, Tyrion explains the fight Grey Worm (Jacob Anderson) and the Unsullied will face at Casterly Rock. The fortress is impregnable, which means the fight over the walls will be tough. Luckily, Tyrion has some insider info — his father, Tywin (Charles Dance) put Tyrion in charge of Casterly Rock's sewers. Because of that, he knows a secret entrance that will get Grey Worm into the Rock. He and the Unsullied manage to take Casterly Rock, but they're struck by Euron's navy, losing all their ships.

Also Read: 'Game of Thrones' 101: What You Need To Know About Casterly Rock

Meanwhile, Jaime Lannister (Nikolaj Coster-Waldau) took a page from the strategy book of Robb Stark and went where his enemies weren't — attacking and taking the Tyrell fortress of Highgarden.

With the castle occupied, Jaime finds Lady Olenna (Diana Rigg) alone in her room. They have a discussion about how bad Cersei is, but Jaime isn't swayed. "She's a disease. I regret my role in spreading it. You will too," Olenna says.

Jaime finishes the discussion by offering Olenna a quick and painless death by poison. After she drinks it, Olenna admits to killing Joffrey (Jack Gleeson). "Tell your sister. I want Cersei to know it was me," she says, as Jaime walks out. Even though she's lost, Olenna at least gets the last word.

Related stories from TheWrap:

'Game of Thrones' 101: Who's Left in House Martell?

21 Big 'Game of Thrones' Fan Theories for Season 7 and Beyond (Photos)

All 49 'Game of Thrones' Main Characters, Ranked Worst to Best (Photos)

11 Hilarious Remixes of Sam Tarly's 'Soup and Poop' Montage from 'Game of Thrones' (Photos)

Every Important Dead 'Game of Thrones' Character You Forgot About (Photos)

'Game of Thrones' 101: Who's Left in House Lannister?

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Danilo Gallinari Suffers Thumb Injury After Punching Opponent in Face - Bleacher Report

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Bleacher Report

Danilo Gallinari Suffers Thumb Injury After Punching Opponent in Face
Bleacher Report
Los Angeles Clipppers forward Danilo Gallinari not only punched an opposing player in an exhibition game for the Italian national team, but he fractured his shooting hand in the process. The Italian federation, via Eurohoops.net, announced the injury ...
Clippers' Danilo Gallinari breaks bone in hand while punching an opponent during exhibition gameLos Angeles Times
Watch: Danilo Gallinari Injures Thumb After Punching Opponent's FaceYahoo Sports
Clippers' Danilo Gallinari punches opponent, resulting in thumb injuryESPN
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"Thank god we didn't invite the Italian".

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Thank f**k. Lets hope nobody thinks to make a sequel.

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Caratini connects on 1st career HR, Cubs beat Brewers 4-2

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Victor Caratini hit his first career home run, a solo shot that broke a tie in the seventh and backed John Lackey's solid six-inning start to help the Chicago Cubs beat the Milwaukee Brewers 4-2 on Sunday

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