Archive | August, 2016

2016_08_05_Auction_Graph

Commercial Auction Results – Week ending 5 August 2016

Preliminary results show an improving clearance rate over the week ending 5 August, at 63.4 per cent across 41 results, compared to the previous week when 58.6 per cent of the 58 auctions were sold. Over the corresponding week last year, 67.9 per cent of the 84 auctions were sold. There were 167 reported auctions […]

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20160811 cc graph

CoreLogic National Auction Preview, week ending 14 August 2016

Upcoming auctions: CoreLogic is tracking a total of 1,318 auctions this week, down from last week (1,540) and remaining significantly lower than one year ago, when 2,118 capital city auctions were held. The two major auction markets of Sydney and Melbourne both have a similar number of auctions scheduled this week, with 563 to be […]

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20160808 combined caps

Less auctions across the capitals, while clearance rate reaches year to date high

After recording the strongest year to date result last week, the capital city preliminary clearance rate this week has risen further, from 72.0 per cent to 74.9 per cent, based on preliminary results. The number of auctions held across the capitals this week was lower, with 1,517 held, compared to 1,610 over the previous week. […]

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Adelaide Cityscope Quarterly Sales

Commercial Market Update – Adelaide Cityscope

The latest research from Adelaide Cityscope shows that commercial property sales have decreased for the quarter to July 2016. The latest quarter shows total sales figures of $43.1 million from 27 sales, a decrease compared to the $197.9 million from 18 sales recorded in the quarter to April 2016 and a large decrease compared to […]

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2016_07_29_Auction_Graph

Commercial Auction Results – Week ending 29 July 2016

The preliminary clearance rate of 54.6 per cent last week is lower than both the clearance over the previous week (65.5 per cent) and at the same time last year, when 65.5 per cent of auctions cleared.  There were 44 reported commercial auctions last week, an increase from the previous week’s 29 reported auctions.  At […]

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20160804 CC Table

CoreLogic National Auction Preview, week ending 7 August 2016

Upcoming auctions: After rising last week, auction activity across the capital city markets is set to fall back to the same levels seen over the first three weeks of July this year, with 1,390 capital city auctions currently being tracked. This week’s auction activity is much lower than what was seen last year, when 2,512 […]

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20160803 table

Units are increasingly making up a higher proportion of overall stock available for sale, largely driven by the nation’s two largest capital cities

Over recent years, the Australian Bureau of Statistics (ABS) has shown that as a proportion of overall dwelling approvals, attached dwellings (high/low rise apartments and townhouses) are increasing. As shown below, the proportion of attached dwellings, based on overall approvals has been trending upwards, and approximately half of all approvals are now for attached stock. […]

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Chart 5

Dwelling approvals continue to trend lower but remain at elevated levels

The Australian Bureau of Statistics (ABS) released building approvals data for June 2016 earlier today.  Over the month there were 18,693 dwellings approved for construction nationally.  National dwelling approvals are currently 26% higher than the decade average.  Although this represents a very high volume of approvals, it was -2.9% lower over the month, -5.9% lower […]

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20160801 capital city

Sydney’s strongest clearance rate so far this year helps to push the combined capitals preliminary results above 70 per cent again

The preliminary clearance rate rose this week, up from last week’s 67.9 per cent to 73.9 per cent.  The level of activity across the capital city auction market also increased this week, with 1,585 auctions held compared to 1,329 auctions last week.  Despite the week-on-week rise in activity, the number of auctions held this week […]

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