Archive | 2016

pulse-sysalesgrid

Commercial Market Update – Sydney Cityscope

The latest research from Sydney Cityscope shows that Sydney CBD commercial property sales for the three months ending November 2016 have decreased from the preceding quarter. There were 106 sales recorded for the most recent quarter with a total value of $1.026 billion, as compared to 89 sales for a total of $1.848 billion for […]

Read full story Comments { 0 }
20161208-subregions

CoreLogic National Auction Preview, week ending 11 December 2016

Upcoming auctions: Auction volumes are set to increase slightly this week with 3,232 capital city auctions currently being tracked by CoreLogic this week compared to 3,207 auctions last week. Auction volumes are set to rise this week in Melbourne, with 1,561 auctions scheduled. There are slightly fewer auctions scheduled across Sydney this week, with 1,126 […]

Read full story Comments { 0 }
20161205-sydney

Capital city clearance rate remains strong for the first week of Summer at 75 per cent, while the number of auctions has fallen week-on-week

The combined capital city preliminary clearance rate rose this week to 75.0 per cent, up from last week’s final clearance rate of 73.0 per cent. This week’s auction market results indicate that clearance rates are maintaining strength coming into summer, a trend that is very different compared with last year’s performance when auctions clearance rates […]

Read full story Comments { 2 }
construction

Sharp fall in unit approvals in October likely marks the peak of the residential construction cycle

The Australian Bureau of Statistics October dwelling approvals data likely marks a significant turning point for unit supply, with the latest numbers showing unit approvals have plunged to their lowest levels in 2 years. The October data showed unit approvals have consistently trended lower since reaching a recent high point in July earlier this year. […]

Read full story Comments { 0 }
pulse-bssaleschart

Commercial Market Update – Brisbane South Cityscope

The latest research from Brisbane South Cityscope shows property sale numbers have increased over the past three months. The last three months to the end of November 2016 recorded 21 sales for a total of over $81.9 million; with $29.9 million for commercial, $2.7 million for commercial strata, $4.7 million retail strata and $44.7 million […]

Read full story Comments { 0 }
2016_11_25_auction_table

Commercial Auction Results – Week ending 25 November 2016

Over the week ending 25th November, preliminary results show that 70.0 per cent of the 40 reported commercial auctions were successful. On a week on week basis, the number of auctions reported is lower, with 63 auctions held over the previous week with 53.9 per cent successful. This is also significantly lower than the corresponding […]

Read full story Comments { 0 }
pulse-sbsaleschart

Commercial Market Update – Southbank Cityscope

The latest research from Southbank Cityscope shows property sales have decreased in the past three months. Sales recorded in the quarter ending November 2016 totalled $610.6 million, a decrease from the $952.9 million recorded in the three months to August 2016 but a large increase from the $187.9 million recorded to May 2016. This data […]

Read full story Comments { 0 }
20161201-subregions

CoreLogic National Auction Preview, week ending 4 December 2016

Upcoming auctions: There are slightly fewer auctions scheduled to take place across the combined capital cities this week, with 2,986 currently being tracked by CoreLogic. In both Sydney and Melbourne, the two major auction markets, auction activity is down week-on-week, with 1,351 Melbourne auctions scheduled and 1,111 homes set to be taken to auction across […]

Read full story Comments { 1 }
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 […]

Read full story Comments { 4 }
chart-4

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 […]

Read full story Comments { 1 }