Archive | September, 2015

AuctionPreview02

Combined capital cities record the lowest clearance rate since February

CoreLogic RP Data National Auction Preview, week ending 20 September 2015 Last week, the auction clearance rate across the combined capital cities was 71.2 per cent, the lowest weekly clearance rate since February this year, however it was the fifth busiest week for auctions so far this year (2,654). To put this into perspective based […]

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2015-09-17--NOTW

University’s $90 million expansion

33 Berry Street, North Sydney, has been sold for a reported price of more than $90 million. The sale was arranged by Henry Burke and Jon Chomley of Colliers International and the vendor was private company, Horaco (Berry Street) Property Pty Ltd, a company owned by Horace Holdings Pty Ltd,which in turn is owned by […]

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Canberra Cityscope Quarterly Sales graph

Commercial Market Update – Canberra Cityscope

The latest research from Canberra Cityscope shows commercial property sales have decreased in the latest quarter, both in terms of total numbers and value. In the quarter to September 2015, there was a total of 10 sales at a total value of $92.5 million, as compared to 11 sales at a total value of $149.8 […]

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2015_09_11_Auction_Table

Commercial Auction Results – Week ending 11 September 2015

Last week 34 commercial auction results were reported with a preliminary clearance rate of 67.7 per cent, compared to a final clearance rate of 72.1 per cent over the previous week when there were 43 auctions reported. At the same time last year, 65 commercial properties were taken to auction and of these, 55.4 per […]

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Chatswood Cityscope Quarterly Sales graph

Commercial Market Update – Chatswood Cityscope

The latest research from Chatswood Cityscope shows property sales have increased in the past three months. There were 30 sales recorded in the most recent quarter with a total value of $75.4 million, as compared with 23 sales recorded to June 2015 with a total value of $39.4 million. This data brings the 12-month total to $358.3 […]

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Housing more expensive in the inner city but not necessarily seeing stronger growth

Last week the Reserve Bank’s (RBA) Head of Financial Stability Luci Ellis gave an interesting speech entitled ‘Property Markets and Financial Stability: What We Know So Far,’ the speech can be downloaded here.  In my opinion one of the more interesting pieces of analysis in the speech was the analysis of inner city housing prices […]

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20150914 Capital city

Auction volumes rise to 2,615 across the capital cities with a preliminary clearance rate of 72.1 per cent

So far this week, 2,127 capital city auction results have been reported to CoreLogic RP Data, resulting in a preliminary auction clearance rate of 72.1 per cent across the combined capital cities. There were a total of 2,615 capital city auctions held this week. This week’s result indicates that clearance rates are no longer tracking […]

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Housing finance commitments rise in July but the rate of investment growth appears to be slowing

The Australian Bureau of Statistics (ABS) released housing finance data for July 2015 earlier this week.  Throughout July, there was $32.8 billion worth of housing finance commitments.  This figure was comprised of $19.2 billion worth of commitments to owner occupiers and $13.6 billion in commitments to investors.  Over the month, the total value of housing […]

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Capital city clearance rates hold steady while the number of auctions rise

CoreLogic RP Data National Auction Preview, week ending 13 September 2015 Across Australia’s combined capital cities, the final auction clearance rate was 73.2 per cent last week, remaining virtually unchanged from the 73.4 per cent over the previous week. The first week of spring resulted in 2,297 auctions being held across the combined capital cities, which was […]

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Parramatta set to rival Sydney CBD

In a show of faith in Parramatta as a future rival to the city of Sydney, the government, council, developers and builders are readying themselves to begin the $2 billion urban renewal project that will be Parramatta Square. In a block of 3 hectares and bounded by the major streets of Church, Macquarie, Smith and Darcy, […]

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