Archive | February, 2016

20160229 Sydney

Capital city clearance rate remains above 70% for the fourth consecutive week

This week marks the fourth consecutive week of the combined capital city clearance rate being above the 70 per cent mark, with the stronger than expected auction results continuing through the final week of February.  Capital city auction results haven’t recorded a four week period where the clearance rates were consistently higher than 70% since […]

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20160225 Capital city graph

CoreLogic RP Data National Auction Preview, week ending 28 February 2016

Upcoming auctions: CoreLogic RP Data is currently tracking 2,468 capital city auctions, representing a 5.2% increase on auction volumes from last week, but remaining lower than one year ago when, over the week, 3,238 capital city homes were taken to auction. In Melbourne, the nation’s busiest auction market, 1,235 residential auctions are currently scheduled and […]

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Chart 4

APRA data shows a further tightening of lending standards, with fewer high LVR loans and less new mortgages on interest only terms.

The Australian Prudential Regulation Authority (APRA) released its December 2015 quarterly data on property exposures by Australian authorised deposit-taking institutions (ADIs).  The data is always interesting to analyse in order to get further insight into the current state of the mortgage market. The first data point is residential term loans to households which have a […]

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20160222 Sydney

Preliminary clearance rate edges slightly higher to 72.3 per cent while auction volumes remain lower than last year

Despite the higher than expected clearance rates over the early phase of the new year auction market, auction volumes are yet to reach the same levels seen last year.  After the weighted capital city average auction clearance rate was tracking in the high 50 per cent range throughout December last year, auction results have shown […]

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Burke Road Cityscope Quarterly Sales

Commercial Market Update – Burke Road Cityscope

The latest research from Burke Road Cityscope shows sales have increased in the quarter to February 2016 in number and total value. In the latest quarter, there were 11 sales at a total value of $96.9 million, compared to 3 sales at a total value of $3.9 million in the previous quarter. The 12 month […]

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Pulse - AKSalesChart

Commercial Market Update – Auckland Cityscope

The latest research from Auckland Cityscope shows that property sales have decreased over the past three months. In the three months to February 2016, there were 37 sales for a total of $315.3 million, as compared with 54 sales for a total of $332.9 million recorded for the three months to November 2015 and 58 sales […]

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Chart 8

Investor mortgage demand steadies in December as new lending to owner occupiers start to flatten

Earlier this week both housing and lending finance data for December 2015 was released.  The data sets provide a nice summary of mortgage lending throughout 2015.  According to the housing finance data there was $390.7 billion worth of mortgage lending undertaken in 2015. In December 2015, the total value of housing finance commitments was recorded […]

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20160219 CC table

CoreLogic RP Data National Auction Preview, week ending 21 February 2016

Upcoming auctions: Currently a total of 2,005 capital city auctions are being monitored with 949 accounted for in Melbourne and 668 Sydney auctions scheduled. This suggests that auction volumes are returning to typical levels. Compared to last week, auction activity is busier in all cities with the exception of Perth where 40 auctions are being […]

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Richmond Cityscope Quarterly Sales Graph

Commercial Market Update – Richmond Cityscope

The latest research from Richmond Cityscope shows property sales have decreased in the past three months. Sales recorded in the quarter ending February 2016 totalled $33 million, a decrease from the $52.5 million recorded in the three months to November 2015 and from the $43.7 million recorded to August 2015. This data brings the 12 month total […]

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20160215 Sydney

Auction clearance rate continues to track higher with a preliminary clearance rate of 72.3 per cent

The preliminary auction clearance rate once again surprised on the upside, rising to 72.3 per cent this week, compared to 70.1 per cent last week and 74.0 per cent over the same week one year ago.  Sydney has shown a remarkable bounce in clearance rates over the past few weeks, recording a 78.6 per cent […]

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