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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Richmond Cityscope Quarterly Sales Graph

Commercial Market Update – Richmond Cityscope

The latest research from Richmond Cityscope shows property sales have increased in the past three months. Sales recorded in the quarter ending May 2015 totalled $63.9 million, an increase from the $29.8 million recorded in the three months to February 2015 and an increase from the $24.2 million recorded to November 2014. This data brings […]

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Burke Road Cityscope Quarterly Sales Graph

Commercial Market Update – Burke Road Cityscope

The latest research from Burke Road Cityscope shows property sales have decreased for the last three months. Sales recorded in the quarter ending May 2015 totalled $13.2 million, a decrease from the $72.7 million recorded in the three months to February 2015 and a decrease from the $17 million recorded to November 2014. The total […]

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2015_05_15_Auction_Graph

Commercial Auction Results – Week ending 15 May 2015

Over the week ending 15 May 2015, the preliminary auction result was strong, with 71.4 per cent of the 42 properties taken  to auction selling. The number of commercial properties taken to auction was slightly higher over the week, compared to the 38 over the previous week, when the clearance rate was lower at 57.9 […]

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Chapel Street Quarterly Sales Graph

Commercial Market Update – Chapel Street Cityscope

The latest research from Chapel Street Cityscope shows that commercial property sales have increased in the past three months. Sales recorded in the quarter ending May 2015 totalled $112.1 million from 13 sales, compared with $20.3 million from 4 sales in the three months to February 2015 and the recorded $20.5 million from 9 sales […]

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Auction volumes to rise this week, but they aren’t as high as one year ago

CoreLogic RP Data National Auction Preview, week ending 24 May 2015 Currently, CoreLogic RP Data is tracking 2,322 capital city auctions this week, signifying a slight increase from last week, when 2,232 auctions were held and the auction clearance rate fell to 77.5 per cent. The scheduled auction volumes for this week are currently tracking […]

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Property related tax revenue moves beyond the $40 billion mark for the first time on record

Last week the Australian Bureau of Statistics (ABS) released data which revealed that 48.7% of state and local government taxation revenue over the 2013-14 financial year came from property related taxes. The data showed that over the year, state and local governments collected a record $40.485 billion in taxes from property related sources.   In comparison, […]

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Preliminary results show 76.4 per cent of homes sold at auction

CoreLogic RP Data National Auction Comment, week ending 17 May 2015 The preliminary clearance rate across 1,748 results was recorded at 76.4 per cent this week, a decrease from the final auction clearance rate over the preceding week, recorded at 78.2 per cent. There were a total of 2,127 auctions held this week, while in comparison, […]

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The number of homes scheduled for auction this week is lower than last week, despite steady, strong clearance rates

CoreLogic RP Data National Auction Preview, week ending 17 May 2015 There are 1,934 auctions scheduled across the capital cities this week, less than the 2,426 held last week, when for the fourth week in a row, the combined capital city clearance rate was recorded above 78 per cent, at 78.2 per cent. One year […]

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Heritage listed hotel sold for $224 million

Hot on the heels of last week’s $442 million sale of the Sydney Hilton Hotel, comes news of the sale of the Sofitel Sydney Wentworth Hotel for $224 million to the Frasers Centrepoint managed Hospitality Real Estate Investment Trust.  The trust purchased a 75 year leasehold interest in the hotel, and as part of the […]

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