Archive | September, 2016

2016_09_16_auction_table

Commercial Auction Results – Week ending 16 September 2016

Based on preliminary results over the week ending 16 September, 80.8 per cent of commercial auction results cleared. A total of 26 results have been reported so far, down from 46 last week when half of all reported auctions were sold. One year ago, 107 commercial auction results were reported and 56.1 per cent were […]

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CoreLogic National Auction Preview, week ending 25 September 2016

Upcoming auctions: More auctions are scheduled across the combined capital cities this week with 2,305 currently being tracked compared to 2,149 over the previous week. Given the AFL and NRL grand finals will be held over the following weekend, plus a number of public holidays across the nation, auction activity is expected to drop, so […]

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A limited increase in auction activity, coupled with a rising auction clearance rate

Based on preliminary results, the combined capital city clearance rate rose this week, from 75.4 per cent last week to 77.9 per cent. This week, the clearance rate across the capitals is higher than one year ago, when 69.9 per cent of reported capital city auctions cleared. There were 2,093 capital city auctions held over […]

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Investors are re-entering the housing market but should do so with caution

At the end of 2014, the Australian Prudential Regulation Authority (APRA) wrote to mortgage lenders reinforcing what they saw as sound mortgage lending practices.  The key points from that letter were that serviceability policy limits should be based on mortgage rates at least 2% above the product loan rate with a minimum floor assessment of […]

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2016_09_09_auction_table

Commercial Auction Results – Week ending 9 September 2016

Preliminary results show that 41.7 per cent of the 24 reported commercial auctions were successful over the week ending 9 September, indicating a week-on-week fall in clearance rates, down from 52.0 per cent over the previous week, based on 50 reported results. Current auction activity shows weaker market conditions when compared to last year, when […]

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Canberra Cityscope Quarterly Sales

Commercial Market Update – Canberra Cityscope

The latest research from Canberra Cityscope shows property sales have decreased significantly in the past three months. Sales recorded in the quarter to September 2016 totalled $157.6 million, a substantial decrease from the $520.1 million recorded in the three months to June 2016 and a slight increase from the $113.4 million recorded in the three months […]

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Newcastle Cityscope Quarterly Sales

Commercial Market Update – Newcastle Cityscope

The latest research from Newcastle Cityscope shows commercial property sales in Newcastle’s CBD have decreased in the three months to September 2016. The most recent quarter recorded 34 sales at a total value of $44 million, compared to 16 sales at a total value of $75.4 million in the previous quarter, and 24 sales at […]

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20160915-capital-city-auction-statistics

CoreLogic National Auction Preview, week ending 18 September 2016

Upcoming auctions: Auction activity looks to remain relatively steady this week with 1,991 capital city auctions currently being tracked by CoreLogic compared to 2,062 last week. However, the current weekly activity remains well below what was seen at the same time last year (2,565). In most capital cities, weekly auction activity remains fairly similar to […]

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20160912-capital-city

Preliminary auction clearance rates ease slightly to 76.4 per cent

So far this week, 1,683 capital city auction results have been reported to CoreLogic, resulting in a preliminary auction clearance rate of 76.4 per cent across the combined capital cities.  This week, 2,026 total auctions were held across the capital cities, higher than last week, when 1,899 auctions were held, but remaining lower than one […]

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Investor housing demand continues its bounce-back

Housing finance data for July 2016 was released by the Australian Bureau of Statistics (ABS) earlier today.  The release showed that the total value of mortgage lending in July 2016 was recorded at $31.8 billion which was -1.8% lower compared to the $32.4 billion worth of mortgage lending in June 2016.  The value of mortgage […]

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