Archive | April, 2015

2015_04_24_Auction_Table

Commercial Auction Results – Week ending 24 April

Over the week ending 24 April 2015, the preliminary auction clearance rate was recorded at 84.9 per cent across 33 reported auctions. In comparison, the final auction clearance rate for the previous week was 57.9 per cent across 76 results. Last year, given both Anzac Day and Easter, auction activity was much lower with just […]

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Stock_Exchange_Building

Melbourne’s largest property transaction

The former Stock Exchange House at 357 Collins Street, Melbourne has been sold in a related party sale for $222.5m. The sale is the largest commercial transaction in Melbourne this year. Vendor was Frasers Centrepoint, an international real estate company based in Singapore with a portfolio that spans residential, commercial, hospitality and industrial asset classes. […]

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Norwest Cityscope Quarterly Sales Graph

Commercial Market Update – Norwest Cityscope

The latest research from Norwest Cityscope shows a substantial decrease in the total value of sales over the last quarter. For the three months to April 2015, there were 35 sales at a total value of $64.6 million, compared to 38 sales at a total value of $148.1 million for the three months to January […]

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Pyrmont-Ultimo Quarterly Sales graph

Commercial Market Update – Pyrmont-Ultimo Cityscope

The ninth quarterly update of Pyrmont-Ultimo Cityscope shows a decrease in both sales activity and total sales value. The most recent quarter had a total of 41 sales at a sales value of $122 million, as compared to 45 sales at a total value of $423.8 million for the quarter ending January 2015. The 12-month […]

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Residential auction markets set to become busy again, with a strong result recorded for April

CoreLogic RP Data National Auction Preview, week ending 3 May 2015 CoreLogic RP Data is currently tracking 2,871 auctions across Australia this week and 2,295 of these are in the capital cities. At the same time last year, auction volumes were lower at 2,053. Last weekend marked the final weekend for auctions in April and […]

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National graph

The number of new listings being added to the residential property market is lower than at the same time last year, with regional markets showing the greatest slow down

Over the most recent four week period, the number of new listings added to the market has remained somewhat subdued with the traditional slow-down in listings experienced each year around Easter still included in the four week reporting period. The number of new residential property listings are broadly still lower than they were one year […]

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chart 10

Some ideas about measuring the relativity of housing costs

Measuring the cost of housing and housing affordability is such an abstract idea because it is not a one size fits all measure and there are so many factors which contribute to affordability or unaffordability. Most of the common measures have one or a number of glowing weaknesses which I will cover. Interest rates What […]

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Docklands Quarterly Sales Graph

Commercial Market Update – Docklands Cityscope

The latest research from Docklands Cityscope shows property sales have decreased in the past three months. Sales recorded in the quarter ending April 2015 totaled $220.5 million, a decrease from the $262.9 million recorded in the three months to January 2015, and from the $566.1 million recorded to October 2014. This data brings the 12 […]

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20150426 Brisbane

Auction volumes drop due to Anzac Day commemorations

CoreLogic RP Data National Auction Comment, week ending 26 April 2015 As a result of the Anzac Day commemorations on Saturday, which is traditionally the busiest day for auctions, it was a quiet week for auction activity. There were 550 auctions held across the combined capital cities this week, with a preliminary auction clearance rate […]

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Anzac Day shifts focus away from auctions this weekend

CoreLogic RP Data National Auction Preview, week ending 26 April 2015 Given that Anzac Day falls on Saturday this year, traditionally the busiest day for auctions, the number of auctions being held this week is much lower than usual. Currently CoreLogic RP Data is expecting 433 capital city auctions to take place during the week […]

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