AuctionPreview04

CoreLogic RP Data National Auction Preview, week ending 7 February 2016

Upcoming auctions: So far this year, auction volumes have been rising at a slower rate than last year which may be due to a softening in vendor confidence as housing market conditions settle down after more than three years of strong capital gains. So far 718 auctions have been held this year, compared to 921 […]

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Adelaide Cityscope Quarterly Sales

Commercial Market Update – Adelaide Cityscope

The latest research from Adelaide Cityscope shows that commercial property sales in Adelaide have increased substantially for the quarter to January 2016, largely due to the sale of Rundle Place. The latest quarter shows total sales figures of $526.2 million from 18 sales, as compared with $68.6 million from 24 sales in the quarter to […]

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Norwest Cityscope Quarterly Sales

Commercial Market Update – Norwest Cityscope

The latest research from Norwest Cityscope shows a substantial increase in the total value of sales over the last quarter, primarily due to the sale of the Woolworths headquarters at 1 Woolworths Way, Bella Vista. For the three months to January 2016, there were 20 sales at a total value of $348.2 million, compared to […]

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Eastern Melbourne Cityscope Quarterly Sales

Commercial Market Update – Eastern Melbourne Cityscope

The latest research from Eastern Melbourne Cityscope shows property sales have decreased in the past three months. Sales recorded in the quarter ending January 2016 totalled $187.2 million, a decrease from the $188.8 million recorded in the three months to October 2015, but an increase from the $44.3 million recorded to July 2015. This data brings […]

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20160205 capital city

Market activity resumes with stock being added to the market at a much faster rate than last year (… everywhere but Sydney)

As they do each year, the number of homes advertised for sale around the country fell over the end of year period, however the number of residential properties available for sale is starting to climb again, and this year at a much faster rate than last year. In fact, the number of new listings being […]

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Chart 6

Dwelling approvals rose in December but remain below their recent peak.

The Australian Bureau of Statistics (ABS) released building approvals data for December 2015 earlier today.  The results tend to be somewhat volatile on a month-to-month basis, largely due to the more ‘lumpy’ unit approvals.  Following a -12.4% monthly fall in dwelling approvals in November, approvals rose by 9.2% to 18,868 approvals in December 2015. The […]

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Chart 3

Sydney and Melbourne are the only capital cities with any significant increase in inflation adjusted home values over recent years

Yesterday the Australian Bureau of Statistics (ABS) released its quarterly Consumer Price Index (CPI) data for the December 2015 quarter.  The data showed that inflationary pressures remain very low with headline inflation rising 1.7% over the year and core inflation (underlying inflation) increasing by 2.0% over the past year, which is right at the lower end […]

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Chart 3

Housing finance demand is still growing, driven by owner occupier demand

Housing finance data for November 2015 was released today but the Australian Bureau of Statistics (ABS).  The data showed that on a seasonally adjusted basis, the value of housing finance commitments rose by 1.8% in November to $33.3 billion. Looking at the different components of mortgage lending, it shows that the value of commitments to […]

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Chart 2

Will new housing approvals follow the trend in capital gains and continue to ease through 2016?

The November 2015 building approvals data show a sharp fall in dwelling approvals led by the volatile unit segment.  Seasonally adjusted total dwelling approvals were -12.7% lower over the month, their largest monthly fall since July 2012.  Year-on-year dwelling approvals are -8.4% lower and approvals have retracted to be -16.8% lower than their recent record […]

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20151221 Capital city

Final week of auctions for 2015 sees preliminary auction clearance rate recorded at 60.5 per cent

After clearance rates peaked at 82.3 per cent over the Easter weekend in April this year and remained in the high 70’s for the following six weeks, CoreLogic RP Data’s preliminary auction clearance across the combined capital cities was recorded at 60.5 per cent this week, a slight increase from the previous week’s final auction […]

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