Archive | September, 2015

Newcastle Cityscope Quarterly Sales

Commercial Market Update – Newcastle Cityscope

The latest research from Newcastle Cityscope shows that commercial property sales have increased in the three months to September 2015. The most recent quarter had 20 sales at a total value of $29.1 million, as compared to 25 sales totalling $22.2 million in the three months to June 2015, though it is a decrease from […]

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2015_09_04_Auction_Table

Commercial Auction Results – Week ending 4 September 2015

For the second week in a row the commercial auction clearance rate was strong, with the most recent week’s preliminary result recorded at 73.2 per cent, an increase from 68.3 per cent last week. Preliminary results show 41 commercial auctions last week  compared to 63 the previous week. In comparison, at the same time 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 increased in the past three months. Sales recorded in the quarter ending September 2015 totalled $800.8 million, an increase from the $10.3 million recorded in the three months to June 2015, and an increase from the $87.8 million recorded to March 2015. The large increase was […]

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20150907 Sydney

Auction clearance rates move higher on lower volumes over first week of spring

The number of auctions across Australia’s capital cities slipped lower over the first week of Spring, with 2,272 auctions held (down from a recent high of 2,654 the previous week), however auction numbers remained well above the same week a year ago when there were 1,897 auctions held.  The preliminary clearance rate of 74.9 per […]

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WinterClearance

Volumes remain high for the first week of spring with over 2,300 auctions expected across Australia’s capital cities

CoreLogic RP Data National Auction Preview, week ending 6 September 2015 The combined capital city weighted average clearance rate increased to 73.4 per cent last week,  from 72.9 per cent the previous week, while auction volumes increased from 2,248 to 2,654 which is the highest volumes have been since the last week of May (2,792). […]

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2015-09-04-News Of the Week

Joint venture purchase boosts Perth market

In a show of faith in an uncertain Perth commercial market, a joint venture has paid $101 million for a CBD fringe property at Northbridge. In a sale arranged by Mark Hansen, Rick Butler and Andrew Woodley of CBRE, 45 Francis Street, Northbridge has been sold by German fund Deka Immobilien, part of one of […]

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Brisbane South Cityscope Quarterly Sales graph

Commercial Market Update – Brisbane South Cityscope

The latest research from Brisbane South Cityscope shows property sale numbers have decreased in the past three months. The last three months to the end of August 2015 recorded 20 sales for a total of over $72.2 million; with $27.4 million for commercial, $1.6 million for commercial strata, $3.5 million for retail strata and $39.7 […]

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2015_08_28_Auction_Table

Commercial Auction Results – Week ending 28 August 2015

Over the week ending 28 August 2015, the preliminary clearance rate for commercial auctions was 75.0 per cent across a total of 48 reported results, a significant increase from 54.6 per cent the previous week when 44 auction results were reported. Over the corresponding week last year, the auction clearance rate was 54.4 per cent […]

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Chart 3

Building approvals rebound on the back of a sharp rise in unit approvals

The Australian Bureau of Statistics (ABS) released building approvals data for July 2015 earlier this week.  According to the data there were 19,298 dwelling approvals over the month which represents an increase of 4.2% over the month and a year-on-year rise of 13.4%.  Monthly dwelling approvals reached a record high of 20,260 approvals in March […]

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