Archive | June, 2015

North Sydney office tower

Hong Kong investors buy North Sydney office tower for $58 million

A North Sydney office tower has changed hands at $58 million. The property, at 140 Arthur Street, North Sydney was sold by Bevan Kenny and Chris Veitch of Chesterton International (North Sydney) and Dominic Ong and James Parry of Knight Frank Sydney. Vendor was fund manager CorVal, on behalf of the Victorian Funds Management Corporation […]

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Chart 7

Dwelling approvals remain high but ease in April

Earlier this week the Australian Bureau of Statistics (ABS) released building approvals data for April 2015.  The data showed that after a record high number of approvals in March,   approvals fell to their lowest levels since November of last year.  Despite the fall, when compared to historic levels, dwelling approvals remain very high as the […]

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20150531 Sydney

Both auction volumes and the preliminary auction clearance rate remain strong leading up to the Queen’s Birthday long weekend

There were 2,727 homes taken to auction this week, up from 2,599 over the previous week. The preliminary clearance rate was recorded at 78.9 per cent, down slightly from 79.1 per cent last week, making it the tenth week in a row where the combined capital city clearance rate has been above the 77 per […]

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