Archive | 2015

2015-12-11-notw

Sydney commercial market remains strong

Further evidence of the strength of Sydney’s commercial market can be seen with the recent sale of 117 Clarence Street in the CBD. Realising a profit of $20 million over two and a half years, Altis Property Partners has sold the building for $81 million in a sale arranged by John Bowie Wilson of Knight Frank […]

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Perth Cityscope Quarterly Sales

Commercial Market Update – Perth Cityscope

The latest research from Perth Cityscope shows property sales have decreased in the past three months. Sales recorded in the quarter ending December 2015 totalled $146.9 million, a decrease from the $794.3 million recorded in the three months to September 2015 (a result due to several large sales in the period), and an increase from the […]

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2015_12_04_Auction_Table

Commercial Auction Results – Week ending 6 December 2015

The number of commercial auctions held last week increased from 85 the previous week to 100, with a preliminary clearance rate of 58 per cent, rising from 51.8 per cent the previous week. Last week’s preliminary result signifies the strongest commercial clearance rate in 5 weeks. At the same time last year 69 commercial auctions […]

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Chart 4

The investor housing party is over for now

The Australian Bureau of Statistics (ABS) released housing finance data for October 2015 earlier this week.  The data showed an ongoing decline in investor housing finance commitments as owner occupier demand rebounded.  As we’ve commented before, the data is being influenced by many Authorised deposit-taking institutions (ADIs) reclassifying investor mortgages as owner occupier mortgages.  This […]

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20151210 clearance rate graph

CoreLogic RP Data Auction Market Preview for week ending 13 December

Upcoming auctions: For the fifth consecutive week, CoreLogic RP Data is expecting over 3,000 auctions to be held across the combined capital cities, with 3,028 scheduled this week, down from 3,252 last week and the year’s record number of auctions the previous week (3,729). There will be less capital city auctions this week, relative to […]

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20151207 capital

The first week of summer shows the preliminary clearance rate slipping further, to the lowest reading for 2015, at 59.2 per cent

Auction volumes fell to 3,209 this week, after last week saw auction activity rise to the highest levels seen all year with 3,729 auctions held across the combined capital cities, bringing spring auction volumes to the highest on record. The preliminary auction clearance rate slipped further this week, down to 59.2 per cent, compared to […]

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2015_11_27_Auction_Table

Commercial Auction Results – Week ending 27 November 2015

Preliminary results for the week ending 27 November show that 100 commercial auctions were held with a clearance rate of 58 per cent, representing a rise in both auction volumes (85) and the clearance rate (51.8 per cent) from the previous week. Last week’s results are also stronger relative to one year ago, when the […]

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Sydney Cityscope Quarterly Sales

Commercial Market Update – Sydney Cityscope

The latest research from Sydney Cityscope shows that Sydney CBD commercial property sales for the three months ending November 2015 have decreased significantly from the preceding quarter. There were 102 sales recorded for the most recent quarter with a total value of $671.3 million, as compared to 90 sales for a total of $3.284 billion for […]

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Brisbane South Cityscope Quarterly Sales

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 November 2015 recorded 8 sales for a total of over $55.4 million; with $50.5 million for commercial, $1.6 million for commercial strata and $3.4 million for other. In comparison, the […]

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Melbourne office building sold for $118 million

A Melbourne CBD office building that has had several former lives has sold for just over $118 million. The five level building at 206 Bourke Street, which was formerly a Village Cinema and before that a Waltons department store, has been sold by its current owners, Hiap Hoe Ltd; a long established Singaporean property developer […]

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