Archive | July, 2015

Melbourne Cityscope Quarterly Sales graph

Commercial Market Update – Melbourne Cityscope

The latest research from Melbourne Cityscope shows that commercial property sales have increased in the past three months. Sales recorded in the quarter ending June 2015 totalled $844.1 million, an increase from the $547.3 million in sales recorded in the three months to March 2015 and the $372.1 million recorded in the three months to […]

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2015_06_26_Auction_Table

Commercial Auction Results – Week ending 26 June 2015

Over the week ending 26 June 2015 there were 34 commercial auction results reported with a preliminary clearance rate of 70.6 per cent, the strongest clearance rate recorded over the past six weeks. In comparison, over the previous week, there were 57 commercial auctions with a clearance rate of 59.7 per cent. At the same […]

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Parramatta Cityscope Quarterly Sales graph

Commercial Market Update – Parramatta Cityscope

The latest research from Parramatta Cityscope shows property sales have decreased in the past three months. Sales recorded in the quarter ending June 2015 totalled $85.1 million, a decrease from the $170.2 million recorded in the three months to March 2015, and a decrease from the $191.5 million recorded to December 2014. This data brings […]

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Barangaroo Tower 1

Australia’s largest and most expensive office tower

Recent transactions involving Barangaroo’s Tower 1 have valued the building at approximately $2 billion, making it Australia’s most expensive building. Lend Lease, as the Government’s choice of most preferred developer for Barangaroo, has placed the still to be built tower in a new commercial wholesale fund, the Lend Lease One International Towers Sydney Trust. Its […]

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Chart 8

Building approvals rebound and the pipeline of new construction keeps growing

The Australian Bureau of Statistics (ABS) released building approvals data for May 2015 yesterday.  The data showed that dwelling approvals rose over the month following a fall over the previous month.  Dwelling approvals remain at extremely high levels with May 2015 being the third highest month ever for approvals. In May 2015 there were 19,414 […]

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