Archive | June, 2015

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1 in 10 capital city home sales over the past year were over $1 million

Sales data over the 12 months to March 2015 shows that there have been fewer homes sold across the combined capital cities for less than $200,000 than there have been homes sold for more than $1 million.  As you would expect there is a growing proportion of sales in excess of $1 million in Sydney and […]

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20150621 Brisbane

Preliminary auction results show 77.7 per cent of homes sold at auction

This week, 2,207 auctions were held across Australia’s capital cities with a combined capital city weighted clearance rate of 77.7 per cent across 1,803 reported results. In comparison, a softer result was recorded last week when the final clearance rate of 75.9 per cent was reported. Last week’s clearance rate was the lowest clearance rate […]

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Schweppes Building

Old Schweppes building sold for $10.75 million

The former Schweppes building at 65-67 Foveaux Street, Surry Hills, has sold for $10.75 million to a private investor. The sale reflects a net yield of 6.4%  at a passing income of $688,000. The Australian based investor purchased the property following an expression of interest campaign conducted by Andy Hu and Dominic Ong of Knight Frank […]

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Auction preview

Over 2,000 capital city auctions expected this week

CoreLogic RP Data National Auction Preview, week ending 21 June 2015 There are 2,050 capital city auctions expected across the capital cities this week, similar to the number held last week (2,076) when the final auction clearance rate was recorded at 75.9 per cent, the softest result across the combined capital cities since March this […]

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Canberra Cityscope Quarterly Sales graph

Commercial Market Update – Canberra Cityscope

The latest research from Canberra Cityscope shows property sales have increased in the past three months. Sales recorded in the quarter ending June 2015 totalled $149.8 million, an increase from the $6 million recorded in the three months to March 2015, and an increase from the $97.6 million recorded to December 2014. This data brings the […]

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2015_06_12_Auction_Graph

Commercial Auction Results – Week ending 12 June 2015

The preliminary results show that 18 commercial auction results were reported over the week ending 12 June 2015, with just 4 sales. In comparison, the final auction clearance rate over the previous week was 62.5 per cent across 48 reported auctions. One year ago, 42 properties were taken to auction with a clearance rate of […]

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Chatswood Cityscope Quarterly Sales Graph

Commercial Market Update – Chatswood Cityscope

The latest research from Chatswood Cityscope shows property sales have decreased in value for the quarter to June 2015. There were 23 sales recorded in the most recent quarter with a total value of $39.4 million, as compared with 30 sales recorded to March 2015 with a total value of $57 million. The 12 months […]

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Chart 3

Removal of negative gearing alone is no silver bullet to housing affordability

As someone who works analysing housing markets every day it is good to see that housing policy is back on the agenda especially considering that we currently don’t have a Federal Housing Minister.  The lack of a Housing Minister at the Federal level is intriguing when you look at some of the statistics relative to […]

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20150614 Brisbane

Combined capital city clearance rate of 77.8 per cent with the number of auctions almost doubling from last week

There were 1,582 capital city auction results reported this week with a preliminary clearance rate of 77.8 per cent. Compared to last week, the number of auctions is much higher, up from 1,201 last week, when the final auction clearance rate was recorded at 78.5 per cent. In comparison, over the same week last year, […]

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Perth Cityscope Quarterly Sales graph

Commercial Market Update – Perth Cityscope

The latest research from Perth Cityscope shows property sales have decreased in the past three months. Sales recorded in the quarter ending June 2015 totalled $10.3 million, a decrease from the $87.8 million recorded in the three months to March 2015, and a decrease from the $89.5 million recorded to December 2014. This data brings the […]

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