Auction preview

School holidays drive auction volumes lower this week

CoreLogic RP Data National Auction Preview, week ending 5 July 2015 Given that winter is in full swing and the mid-year school holidays have begun, auction volumes are lower this week, with CoreLogic RP Data expecting 1,689 capital city auctions, down substantially from 2,249 last week, when the final auction clearance rate was recorded at […]

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Melbourne Cityscope Quarterly Sales graph

Commercial Market Update – Melbourne Cityscope

The latest research from Melbourne Cityscope shows that commercial property sales have increased in the past three months. Sales recorded in the quarter ending June 2015 totalled $844.1 million, an increase from the $547.3 million in sales recorded in the three months to March 2015 and the $372.1 million recorded in the three months to […]

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2015_06_26_Auction_Table

Commercial Auction Results – Week ending 26 June 2015

Over the week ending 26 June 2015 there were 34 commercial auction results reported with a preliminary clearance rate of 70.6 per cent, the strongest clearance rate recorded over the past six weeks. In comparison, over the previous week, there were 57 commercial auctions with a clearance rate of 59.7 per cent. At the same […]

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Parramatta Cityscope Quarterly Sales graph

Commercial Market Update – Parramatta Cityscope

The latest research from Parramatta Cityscope shows property sales have decreased in the past three months. Sales recorded in the quarter ending June 2015 totalled $85.1 million, a decrease from the $170.2 million recorded in the three months to March 2015, and a decrease from the $191.5 million recorded to December 2014. This data brings […]

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Barangaroo Tower 1

Australia’s largest and most expensive office tower

Recent transactions involving Barangaroo’s Tower 1 have valued the building at approximately $2 billion, making it Australia’s most expensive building. Lend Lease, as the Government’s choice of most preferred developer for Barangaroo, has placed the still to be built tower in a new commercial wholesale fund, the Lend Lease One International Towers Sydney Trust. Its […]

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Chart 8

Building approvals rebound and the pipeline of new construction keeps growing

The Australian Bureau of Statistics (ABS) released building approvals data for May 2015 yesterday.  The data showed that dwelling approvals rose over the month following a fall over the previous month.  Dwelling approvals remain at extremely high levels with May 2015 being the third highest month ever for approvals. In May 2015 there were 19,414 […]

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20150630 Table

New listings are higher than one year ago and transactions have been trending upwards since 2012. As a result, stock is being absorbed faster and total listings are lower than at the same time last year across most cities

Over the four weeks ending 28 June 2015, there were 24,981 new residential listings added for sale across Australian capital cities. At the same time last year, over the corresponding four week period, 23,676 residential properties were newly listed for sale. That is a difference of 1,305 properties this year compared to last year. On […]

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Outlook for 2015-16 financial year

So where have we been? Over the first 11 months of the 2014-15 financial year, combined capital city home values have risen by 7.5% according to the CoreLogic RP Data Home Value Index.  The Index is weighted based on the number of dwellings in each city and looking more closely at the results only Sydney […]

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20150628 Sydney

Week-on-week results show auction volumes remain steady, while the auction clearance rate rises

A preliminary auction clearance rate of 78.0 per cent was recorded across the combined capital cities this week having increased from 77.3 per cent last week. There were 1,777 auction results reported this week with a total of 2,205 scheduled auctions showing that auction volumes have remained virtually unchanged when compared to the previous week […]

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Chart 5

Australia’s rate of population growth continues to slow

The Australian Bureau of Statistics (ABS) released demographic data for the December 2014 quarter yesterday.  The data highlighted a continuing slowdown in the rate of national population growth, with the quarterly increase now lower than slump in population growth recorded during the GFC.  In particular the mining states and territories are recording the biggest slowdown […]

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