Archive | October, 2015

AuctionPreview01

A buzz across the capital city auction markets where 3,062 auctions will be held, compared to just 865 last week

CoreLogic RP Data National Auction Preview, week ending 11 October 2015 The NRL and AFL grand finals, combined with a long weekend across many states last week saw auction activity take a backseat, however, this week auction volumes have more than tripled, with 3,062 residential properties going to auction across the combined capitals. This week […]

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20151006 capital city

Grand finals upstage capital city auction markets

It was a quiet week for auctions this week due to the grand finals and the Labour Day long weekend. 841 properties were taken to auction across the combined capital cities and the preliminary clearance rate was recorded at 69.6 per cent, the lowest clearance rate since the second week of February. In comparison, last […]

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Dwelling approvals remain elevated but fall in August

The Australian Bureau of Statistics (ABS) published building approvals data for August 2015 earlier this week.  The data showed a month-on-month fall in approvals driven by a sharp drop in the number of unit approvals.  Keep in mind that unit approvals tend to be much more volatile than house approvals on a monthly basis. Over […]

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2015-09-30--NOTW

Primewest begins to divest portfolio

A $530 million property portfolio, which includes two Perth CBD properties plus others in Brisbane, Melbourne, Sydney and Newcastle, has begun to be divested with the sale of  53 Ord Street, Perth at $59 million. The properties were offered individually or in one line by Primewest. A national wholesale property syndicator and developer, Primewest has a […]

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Parramatta Cityscope Quarterly Sales graph

Commercial Market Update – Parramatta Cityscope

The latest research from Parramatta Cityscope shows property sales have dramatically increased in the past three months, the result of several large sales. Sales recorded in the quarter ending September 2015 totalled $492.4 million, an increase from the $85.1 million recorded in the three months to June 2015, and an increase from the $170.2 million recorded […]

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2015_09_25_Auction_Graph

Commercial Auction Results – Week ending 25 September 2015

Over the week ending 25 September 2015, the preliminary clearance rate for commercial auctions was 56.6 per cent across a total of 76 reported results, up from 53.7 per cent the previous week when 108 auction results were reported. Over the corresponding week last year, the auction clearance rate was 64.9 per cent, stronger than […]

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Gold Coast Cityscope Quarterly Sales

Commercial Market Update – Gold Coast Cityscope

The latest research from Gold Coast Cityscope shows property sale figures have increased in the past three months, but sale numbers have remained generally consistent. Sales recorded in the three months to September 2015 recorded 38 sales for a total of $147.4 million. Of this, $34.6 million was for commercial, $10.3 million was for commercial […]

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AuctionPreview07

Auction volumes plummet, driven by the Labour Day long weekend as well as the NRL and AFL grand finals

CoreLogic RP Data National Auction Preview, week ending 4 October 2015 Auction volumes are expected to drop to 829 this week, caused by a combination of the Labour Day long weekend and the NRL/AFL grand finals. Last week the final auction clearance rate softened further from the previous week, down to 69.7 per cent. This […]

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