Archive | June, 2016

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CoreLogic National Auction Preview, week ending 3 July 2016

Upcoming auctions: This weekend, focus will be drawn away from the auction market with more eyes shifting towards the Federal Election outcome this Saturday. Currently, CoreLogic is tracking 754 capital city auctions, down substantially compared to both last week (2,218) and one year ago (1,674). In each of the individual capital city markets, auction activity […]

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Chart 9

The property price to income ratio is rising in Sydney, Melbourne and Canberra but flat or falling elsewhere

Utilising quarterly household income data from the Australian National University, CoreLogic has developed quarterly measurements of the ratio of property prices to annual household income.  This data is extremely valuable when looking to measure housing affordability.  The measure is available at a number of different geographies from SA2 regions (generally about the size of a […]

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20160627 Brisbane

Auction activity remains steady while the capital city clearance rate rises to 69.1 per cent

The preliminary auction clearance rate was recorded at 69.1 per cent this week, having risen from 67.4 per cent last week. This week’s rise represents a further improvement from the recent low of 65.7 per cent over the weekend leading up to the Queen’s Birthday public holiday. There were 2,189 auctions held across the combined […]

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Chart 6

Population growth slows nationally but New South Wales and Victoria attract a record high proportion of the population increase

Demographic data for the December 2015 quarter was released by the Australian Bureau of Statistics yesterday. At the end of 2015, the national population was estimated to be 23,940,278 persons having increased by 1.4% or 326,073 persons over the year.  Although the population continues to increase at a fairly rapid pace, the rate of population […]

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South Sydney Cityscope Quarterly Sales

Commercial Market Update – South Sydney Cityscope

The latest research from South Sydney Cityscope shows property sales for the quarter to June 2016 have decreased in terms of total value. Sales recorded in the most recent quarter totalled $280.2 million from 41 sales, as compared to the $286.9 million from 51 sales in the quarter to March 2016 and the $388.6 million from […]

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Chatswood Cityscope Quarterly Sales

Commercial Market Update – Chatswood Cityscope

The latest research from Chatswood Cityscope shows property sales have increased in value for the quarter to June 2016. There were 29 sales recorded in the most recent quarter with a total value of $231.4 million, compared to 36 sales recorded to March 2016 with a total value of $55.3 million and 39 sales for a […]

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2016_06_17_Auction_Table

Commercial Auction Results – Week ending 17 June 2016

Preliminary results show that the commercial auction clearance rate fell to 31.6 per cent over the week ending 17 June across 19 reported auctions, down from 56.1 per cent the previous week when a total of 41 auctions were reported. Just less than half of all auctions held over the past four weeks were successful, […]

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CoreLogic National Auction Preview, week ending 26 June 2016

Upcoming auctions: This week, the number of auctions held across the combined capital cities will remain steady, with 2,110 scheduled. Across the individual cities, however, there will be more auctions held this week in Sydney, Brisbane and Adelaide, while in Canberra, Melbourne and Perth, auction activity is lower week-on-week. In the two biggest cities, Melbourne […]

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20160620 capital city

Auction volumes bounce higher from last week with Sydney continuing to lead auction markets as the only city to record a preliminary clearance rate above 70%

Preliminary results show that 67.8 per cent of reported auction results were sold this week, increasing from the dip to 65.7 per cent last week when auction volumes were lower. This week 2,139 capital city auctions were held, up from 1,100 last week and a similar volume compared to one year ago (2,268). At the […]

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Chart 5

Adding more tax to foreign housing investment

The state governments of New South Wales, Victoria and Queensland are all now charging additional tax on foreign investment in residential property.  In New South Wales foreign buyers are being charged a 4% stamp duty surcharge from June 21.  In Victoria, foreign buyers are charged a 7% tax and in Queensland foreign buyers are being […]

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