20150529 Capital City

More residential listings are being added to the market when compared to last month, but new listings remain lower than last year

The number of new listings that have been added to the market over the most recent four week period is significantly higher than it was at the same time last month. On a capital city basis, new listings numbers have increased by 7.6 per cent for houses, 10.5 per cent for units, while for vacant […]

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CBD hotel sold for $445.3 million

A third luxury Sydney CBD hotel has been sold in four weeks. Following the sales of the Sofitel Wentworth at $224 million and the Sydney Hilton at $442 million is the sale of the Sydney Westin Hotel at $445.3 million. The vendor, GIC Pte Ltd, is a sovereign wealth fund established by the Government of […]

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The lead up to the Queen’s birthday weekend pushes auction volumes higher

CoreLogic RP Data National Auction Preview, week ending 31 May 2015 Auction volumes are set to reach their highest level since the last week in March, however the current scheduled number of auctions (2,591) remains below the levels seen one year ago (3,072). So far this year, while the clearance rate has been much higher […]

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Commercial Auction Results – Week ending 22 May 2015

The preliminary auction clearance rate over the week ending 22 May 2015 fell to 50.0 per cent, from 69.3 per cent over the previous week. Auction volumes were also down, from 75 the previous week to 30 last week, however, it is expected the number of auctions will revise upwards when the final results are […]

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Sydney Cityscope Quarterly Sales graph

Commercial Market Update – Sydney Cityscope

The latest research from Sydney Cityscope shows that Sydney CBD commercial property sales for the three months ending May 2015 have increased from the preceding quarter. There were 97 sales recorded for the most recent quarter with a total value of $1.795 billion, as compared to 86 sales for a total of $1.059 billion for […]

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Southbank Cityscope Quarterly Sales graph

Commercial Market Update – Southbank Cityscope

The latest research from Southbank Cityscope shows property sales have increased in the past three months. Sales recorded in the quarter ending May 2015 totalled $517.3 million, an increase from the $367 million recorded in the three months to February 2015, and a decrease from the $542.9 million recorded to November 2014. This data brings […]

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APRA data shows investment lending continues to outpace growth on owner occupier loans

The Australian Prudential Regulation Authority (APRA) released their quarterly Authorised Deposit-taking Institution (ADI) Property Exposures data for March 2015 earlier today.  The data always provides a valuable insight into current and historic mortgage lending by domestic ADIs and this quarter’s release was no different.  Given the heightened vigilance from APRA around investment lending and overall […]

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Regional market analysis shows that there is strength outside of capital city markets

Based on the Australian Bureau of Statistics latest Regional Population Growth figures, 67 per cent of Australia’s population resides in the capital cities. To put that further into perspective, Sydney and Melbourne are home to around 40 per cent of the population. Given this, much of what is reported on in the market place revolves […]

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20150524 Brisbane

Both the number of auctions and the auction clearance rate up week-on-week

Across the combined capital cities, the preliminary auction clearance rate was recorded at 78.4 per cent across 1,981 results this week. This week, auction volumes were higher than last week, with 2,470 capital city homes taken to auction, compared to 2,232 over the previous week when the clearance rate was recorded at 77.5 per cent. […]

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Pyrmont Apartments

Pyrmont waterfront to be transformed into luxury apartments

Several prime sites on the waterfront at Pyrmont on Darling Island Road have been sold for approximately $180 million. The vendor was a partnership between Seven West Media and Greg Shand’s property arm, the Barana Group. The Barana Group, with a portfolio size of $450 million invests, develops and manages commercial, retail and residential property. […]

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