Archive | May, 2016

Chart 5

Tighter lending policies see a reduction in investor and riskier lending types

Earlier today the Australian Prudential Regulation Authority (APRA) released its quarterly Authorised Deposit-taking Institution (ADI) property exposures data for the March 2016 quarter.  This data is really valuable as it provides additional insight into the mortgage market, including data which is not available from the monthly housing finance statistics. The data initially focuses on outstanding […]

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20160530 Capital city

Preliminary clearance rate falls slightly to 68.0 per cent as the number of auctions surges to the fourth highest week this year

This week 2,419 auctions were held across the combined capital cities, representing a substantial 26 per cent rise in auction activity compared to the previous week when 1,920 capital city auctions were held. This was the fourth highest number of weekly auctions held over the year to date.  The rise in activity was coupled with […]

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2016_05_20_Auction_Graph

Commercial Auction Results – Week ending 22 May

Despite a week-on-week fall, the auction clearance rate for commercial properties across Australia has maintained strength based on preliminary results, at 60 per cent across 40 reported auctions, down from 69.7 per cent the previous week, but much stronger than the 45 per cent over the week prior. Over the corresponding week one year ago, […]

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Southbank Cityscope Quarterly Sales graph

Commercial Market Update – Southbank Cityscope

The latest research from Southbank Cityscope shows property sales have decreased in the past three months. Sales recorded in the quarter ending May 2016 totalled $186.5 million, a decrease from the $552.1 million recorded in the three months to February 2016 and the $251.6 million recorded to November 2015. This data brings the 12 month total to […]

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Chapel Street Cityscope Quarterly Sales graph

Commercial Market Update – Chapel Street Cityscope

The latest research from Chapel Street Cityscope shows sales have decreased in the quarter to May 2016. There were 12 sales at a total value of $128.6 million in the latest quarter, compared to the 10 sales at a total value of $161.8 million in the previous quarter. Sales for the year to May 2016 have […]

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Melbourne Units Cityscope Quarterly Sales

Commercial Market Update – Melbourne Units Cityscope

Sales recorded for Melbourne Units Cityscope for the three months to May 2016 totalled $178.9 million, a decrease from the $314.9 million recorded to February 2016 and from the $229.4 million recorded to November 2015. The latest data brings the twelve month sales total to $902.4 million, a decrease from the previous twelve months, which recorded […]

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20160526 clearance rate graph

CoreLogic National Auction Preview, week ending 29 May 2016

Upcoming auctions: Auction activity will rise this week, with CoreLogic currently monitoring a total of 2,301 capital city auctions, representing a 20 per cent rise in activity compared with last week (1,920). Despite the week-on-week rise, the number of capital city auctions compared to last year remains remarkably lower, given 2,792 were held over the […]

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Chart 4

The value of construction work done for houses is falling with units likely to follow shortly

The Australian Bureau of Statistics released construction work done data for the March 2016 quarter earlier today.  The data set looks at the value of construction work completed over the quarter and is an input to the national accounts (GDP) data. Over the quarter, the value of construction work done was $47.928 billion which was […]

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20160523 capital city

Strong clearance rates in the Sydney and Melbourne auction markets push the capital city average clearance rate to 70%

The preliminary clearance rate across the combined capital cities rose this week, up from 69.5 per cent the previous week to 70.0 per cent. The level of activity across the capital city auction market was similar to the previous week, with 1,863 auctions held this week, compared to 1,876 last week. Auction activity remains well […]

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Chart 6

Unemployment rate holds at 5.7% in April 2016

The Australian Bureau of Statistics (ABS) released labour force data for April 2016 earlier this week.  The data is one of the key economic releases each month and obviously employment is an important factor for the housing market.  Someone that is employed with a high level of job security, working as many hours as they […]

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