Archive | March, 2016

Chart 5

Net rental losses on residential property slump in 2013-14

At the moment, the issue of negative gearing is extremely topical due to the Federal opposition proposal to change the availability of negative gearing to new properties only.  In data released last week, the Australian Tax Office (ATO) published their annual taxation statistics for the 2013-14 financial year.  The latest data shows that over the […]

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Chart 8

Unemployment rate shifts from 6% to 5.8% in February 2016

Last week the Australian Bureau of Statistics (ABS) released their labour force statistics for February 2016.  The monthly data release is valuable because it highlights factors such as the unemployment rate and changes in both full-time and part-time employment.  From a housing perspective, more employed people, particularly full-time employed, means more capability to pay off […]

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20160321 capital city

The biggest week for auctions so far this year returns a preliminary clearance rate of 71.2 per cent

Auction volumes rose substantially this week, with 3,519 capital city auctions held, representing the busiest week for auctions so far this year. The rise in auction volumes this week doesn’t come as a surprise as auction volumes are traditionally high the week prior to Easter. To put this into perspective, last year, over the week […]

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Pulse - CASalesGrid

Commercial Market Update – Canberra Cityscope

The latest research from Canberra Cityscope shows property sales have increased in the past three months. Sales recorded in the quarter ending March 2016 totalled $113.4 million, an increase from the $87.7 million recorded in the three months to December 2015 and from the $92.5 million recorded in the three months to September 2015. This data brings […]

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Pulse - NCSalesGrid

Commercial Market Update – Newcastle Cityscope

The latest research from Newcastle Cityscope shows that commercial property sales have decreased in the three months to March 2016. The most recent quarter recorded 23 sales at a total value of $39.7 million, as compared to the 18 sales totalling $75.3 million in the three months to December 2015 and 22 sales totalling $32.3 […]

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2016_03_11_Auction_Table

Commercial Auction Results – Week ending 11 March 2016

Preliminary commercial auction results show that 29 auctions were held over the week ending 11 March with 12 sales, equating to a clearance rate of 41.4 per cent, having fallen from 52.0 per cent last week and lower than the 64.9 per cent recorded over the comparable week last year. At the same time last […]

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20160317 CC graph

CoreLogic RP Data National Auction Preview, week ending 20 March 2016

Upcoming auctions: This week is set to be the biggest week for auctions so far this year, with 3,369 capital city auctions scheduled. This volume of auctions hasn’t been seen since the last week in November 2015 when 3,729 capital city homes were taken to auction. This week’s large increase in auction activity is driven […]

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20160314 Capital city

Preliminary clearance rate remains below 70% for the second week in a row

This week 1,426 auctions were held across the combined capital cities, substantially lower than the 2,304 held last week and the 2,556 held one year ago. This coming Monday is a public holiday for four out of the eight states and territories, which has been a key factor in the fall in auction volumes. The […]

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Pulse - NRSalesGrid

Commercial Market Update – Macquarie Park Cityscope

The latest research from Macquarie Park Cityscope shows property sales have decreased in the past three months. Sales recorded in the quarter ending February 2016 totalled $452 million, a decrease from the $473.3 million recorded in the three months to November 2015 but an increase from the $137.8 million recorded to August 2015. This data brings the […]

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Pulse - BSSalesGrid

Commercial Market Update – Brisbane South Cityscope

The latest research from Brisbane South Cityscope shows property sale numbers have increased in the past three months. The last three months to the end of February 2016 recorded 14 sales for a total of over $130.8 million; with $90.8 million for commercial, $8.6 million retail, $700,000 for retail strata and $30.7 million for other. In […]

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