Archive | November, 2016

20161128-sydney

Auction markets continue their strong run of high clearance rates after the second busiest week for auctions so far this year

Auction volumes increased with 3,367 properties taken to auction this week.  This was the second highest number of reported auctions this year for the combined capital cities, up from 2,987 over the previous week. Despite the surge in auction numbers, market volume is still significantly lower than the corresponding week last year (3,729).  The preliminary auction clearance rate, despite […]

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The slide in construction work done continues over the September 2016 quarter

The Australian Bureau of Statistics (ABS) released data on construction work done over the September 2016 quarter earlier this week.  The data showed that the value of work done fell to its lowest level since December 2010. Over the September 2016 quarter, $46.1 billion worth of construction was completed.  The $46.1 billion in work was […]

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Commercial Market Update – Auckland Cityscope

The latest research from Auckland Cityscope shows that property sales have decreased over the past three months. In the three months to November 2016, there were 54 sales for a total of $200.5 million, as compared with 35 sales for a total of $239.8 million recorded for the three months to August 2016, and an […]

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Commercial Market Update – Chapel Street Cityscope

The latest research from Chapel Street Cityscope shows that commercial property sales have significantly decreased in the past three months. Sales recorded in the quarter ending November 2016 totalled $3 million from three sales, compared with $211.8 million from 8 sales in the three months to August 2016 and the recorded $131.2 million from 13 sales […]

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Commercial Market Update – Richmond Cityscope

The latest research from Richmond Cityscope shows property sales have decreased in the past three months. Sales recorded in the quarter ending November 2016 totalled $57.2 million, a decrease from the $96.5 million recorded in the three months to August 2016 but an increase from the $47.6 million recorded to May 2016. This data brings […]

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Commercial Auction Results – Week ending 18 November 2016

Over the week ending 18 November, preliminary results show that 52.1 per cent of the 23 reported commercial auctions were successful. On a week on week basis, auction activity is lower, with 68 auctions held over the previous week with 58.8 per cent successful and also lower than the equivalent week last year, with a […]

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CoreLogic National Auction Preview, week ending 27 November 2016

Auction activity is set to ramp up this week with 3,127 capital city auctions currently being tracked by CoreLogic. If all of these auctions go ahead it will be the largest auction week of the year. Both Sydney and Melbourne are set to record and increase in auction activity this week with 1,508 auctions scheduled […]

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The combined capital city clearance rate remains above 70 per cent, despite auction volumes trending higher

There were 2,950 auctions held across the combined capital cities, with week-on-week results showing an increase over the 2,897 reported capital city auctions last week. With the number of auctions tracking at the highest level since March, there has been no indication that clearance rates are starting to ease as we approach summer. However, when […]

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Eastern Melbourne CItyscope Quarterly Sales

Commercial Market Update – Eastern Melbourne Cityscope

The latest research from Eastern Melbourne Cityscope shows property sales have increased in the past three months. Sales recorded in the quarter ending October 2016 totalled $171.9 million, a slight increase from the $164.6 million recorded in the three months to July 2016, and an increase from the $156.7 million recorded to April 2016. This […]

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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 November 2016 totalled $405.2 million, an increase from the $145 million recorded for the quarter to August 2016, and from the $178.9 million recorded for the quarter to May 2016. The latest data brings the 12-month sales total to $1.045 billion, a decrease from the […]

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