Archive | October, 2016

20161031-melbourne

Auction markets remain firm, recording the 14th consecutive week where the combined capital city clearance rate remains above 70%

The final weekend of October shows the auction clearance rate remains high across the combined capital cities, recording above 70.0 per cent for the 14th consecutive week. There were 2,246 auctions held across the capital cities, with a preliminary auction clearance rate of 77.6 per cent, showing only a slight decrease over last week’s final […]

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Real home values are now more than 20% lower than their peak in Perth and Darwin

The Australian Bureau of Statistics (ABS) released consumer price index (CPI) data for the September 2016 quarter earlier this week.  According to the data, headline inflation increased by 0.7% over the quarter to be 1.3% higher over the year.  Meanwhile, underlying inflation was recorded at 0.3% over the quarter and 1.5% higher over the past […]

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2016_10_21_auction_graph

Commercial Auction Results – Week ending 21 October 2016

Over the week ending 21 October, preliminary results show that 77.8 per cent of the 18 reported commercial auctions were successful, which is the highest reported clearance rate since January. On a week on week basis, auction activity is lower, with 52 auctions held over the previous week with 48.0 per cent successful and also […]

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North Sydney Cityscope Quarterly Sales

Commercial Market Update – North Sydney Cityscope

The latest research from North Sydney Cityscope shows sales have increased in total value in the quarter to October 2016. Sales recorded in the most recent quarter totalled $576.8 million from 83 sales, an increase in total value compared to the $446.8 million from 68 sales in the quarter to July 2016 and the $418.7 […]

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20161027-sub-regions

CoreLogic National Auction Preview, week ending 30 October 2016

Upcoming auctions: There are fewer auctions scheduled to take place across the combined capital cities this week, with 2,010 currently being tracked by CoreLogic. In Melbourne, auction activity is much lower week-on-week, with 563 Melbourne auctions scheduled and in Sydney, activity is set to be higher with 968 auctions currently scheduled. This activity also remains […]

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Capital city auction markets record the highest preliminary clearance rate so far this year, reaching 80.2 per cent

Spring is seeing a lift in the auction market.  The number of homes taken to auction this week increased to 2,641, compared with 2,443 over the previous week.  The preliminary clearance rate of 80.2 per cent is the highest recorded for the year so far, up from 76.2 per cent last week. Over the corresponding […]

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The differences between unit supply in Sydney compared with Melbourne and Brisbane

In the recently released Financial Stability Review (FSR) the Reserve Bank (RBA) talked about the supply risks surrounding the inner city apartment markets however, they did point to the fact that they see more potential risk in Melbourne and Brisbane.  In this blog we explore the differences in pending apartment supply across the key capital […]

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Eastern Sydney Cityscope Quarterly Sales

Commercial Market Update – Eastern Sydney Cityscope

The latest research from Eastern Sydney Cityscope shows that commercial property sales have increased in both number and total sales value in the last quarter. For the three months to October 2016, there were 29 sales at a total value of $120.4 million, compared to 26 sales at a total value of $52.5 million for the […]

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Sydney Units Cityscope Quarterly Sales

Commercial Market Update – Sydney Units Cityscope

The latest research from Sydney Units Cityscope shows that apartment sales in Sydney’s CBD have decreased appreciably both in number and total sales value in the last quarter. For the three months to October 2016, there were 180 sales at a total value of $213 million, compared to 296 sales at a total value of […]

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2016_10_14_auction_graph

Commercial Auction Results – Week ending 14 October 2016

For the week ending the 14th October there were 27 reported commercial auctions with a 48.1 per cent clearance rate, compared to the previous week’s 45 reported at 44.4 per cent. This is almost half the reported volume as the same period last year, with a total of 53 auctions recorded and a 64.1 per […]

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