Archive | July, 2015

201507 Table

Stock being added to the market is gaining further momentum across the capital cities while total listings remain lower than one year ago

The number of new property listings added for sale over the four weeks to July 26 is substantially higher than what was observed last month with 26,577 residential properties added to the market over the four week period compared to a lower 24,981 four weeks ago (+6.4 per cent higher). At the same time last […]

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Eastern Melbourne Cityscope Quarterly Sales graph

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 July 2015 totalled $44.3 million, a decrease from the $164.9 million recorded in the three months to April 2015, and a decrease from the $179.5 million recorded to January 2015. This data brings […]

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Adelaide Cityscope Quarterly Sales graph

Commercial Market Update – Adelaide Cityscope

The latest research from Adelaide Cityscope shows that commercial property sales in Adelaide have decreased for the quarter to July 2015. The latest quarter shows total sales figures of $70.5 million to July 2015, as compared with the $420 million to April 2015 and the $110.2 million to January 2015. The year to July 2015 […]

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2015_07_24_Auction_Graph

Commercial Auction Results – Week ending 24 July 2015

There were 34 auctions reported over the week ending 24 July 2015 and based on these preliminary results, the clearance rate was 38.2 per cent. In comparison, over the previous week, 51.1 per cent of the 47 commercial auctions were successful, while at the same time last year, 40 commercial properties were taken to auction […]

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Norwest Cityscope Quarterly Sales graph

Commercial Market Update – Norwest Cityscope

The latest research from Norwest Cityscope shows a decrease in the total value of sales over the last quarter. For the three months to July 2015, there were 44 sales at a total value of $24.8 million, compared to 35 sales at a total value of $64.6 million for the three months to April 2015, […]

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NOTW_2015-07-31

China now largest overseas investor in Australian commercial property

In Australia’s largest property transaction ever, the Chinese Government’s state owned sovereign wealth fund, China Investment Corporation (CIC), has purchased a portfolio of nine office towers for $2.45 billion. As a result, China is now the largest overseas investor in Australian commercial property. The vendor, Investa Property Group, is one of Australia’s largest unlisted owners […]

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AuctionPreview3

Lowest clearance rate recorded since early March, with auction volumes set to be lower this week compared to last week

CoreLogic RP Data National Auction Preview, week ending 2 August 2015 CoreLogic RP Data is currently tracking a total of 1,944 capital city auctions this week which are lower in comparison to last week when 2,143 homes were taken to auction across the combined capital cities recording a clearance rate of 74.7 per cent. Last […]

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20150727 Sydney

Brisbane’s auction market shows the highest preliminary clearance rate since 2009

Prior to this week, the year to date clearance rate across the combined capital cities was 76.9 per cent, indicating that this week’s preliminary clearance rate of 77.7 per cent is performing above this level. This week, there were 1,998 auctions held across Australia’s capital cities, with 1,307 results reported so far. Over the previous […]

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News of the Week

Bligh House sale earns Cromwell $13 million in two years

The sale of Bligh House at 4 Bligh Street, Sydney, has yielded $13 million in less than two years for vendors Cromwell Property Group. The property recently changed hands at $68 million at an initial yield of 7.5 per cent in a sale arranged by Vince Kernahan and James Quigley of Colliers International and Steven […]

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Pyrmont-Ultimo Cityscope Quarterly Sales graph

Commercial Market Update – Pyrmont- Ultimo Cityscope

The quarter update of Pyrmont-Ultimo Cityscope shows a decrease in both sales activity and total sales value. The most recent quarter had a total of 26 sales at a sales value of $41.5 million, as compared to 41 sales at a total value of $122 million for the quarter ending April 2015. The twelve month […]

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