Archive | March, 2017

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Australians continue to choose to move to Victoria

Demographic data from the Australian Bureau of Statistics (ABS) showed that Australia’s estimated resident population was 24,220,192 persons at the end of September 2016.  Overt the 12 months to September 2016 the national population increased by 1.5% or by 348,695 persons.  The 1.5% growth in the population was the largest annual rise since September 2014 […]

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Commercial Auction Results – Week ending 17 March 2017

CoreLogic collected five results for the week ending the 17th of March, with all properties selling at auction. All results collected were in NSW, and had a combined sales value of $29.7 million. All but one of the sales was in retail. All but one of the sales was located in the Sydney metropolitan area, with […]

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Commercial Market Update – Christchurch Cityscope

The latest research from Christchurch Cityscope shows that commercial property sales in Christchurch’s CBD have decreased in the past three months. For the three months to March 2017 there were 6 sales at a total value of $62.6 million, compared to 15 sales at a total value of $72.6 million for the previous quarter. The […]

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Commercial Market Update – South Sydney Cityscope

The latest research from South Sydney Cityscope shows property sales for the quarter to March 2017 have decreased in terms of total value. Sales recorded in the most recent quarter totalled $279.1 million from 53 sales, as compared to the $419.1 million from 50 sales in the quarter to December 2016 and down from the […]

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CoreLogic National Auction Preview, week ending 26 March 2017

Upcoming auctions Auction activity is set to increase this week across the combined capital cities, with 2,979 properties scheduled to go to auction, up slightly from last week’s final result of 2,916. The number of homes expected to go to auction this week is higher than the number of auctions held over the corresponding week […]

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Preliminary clearance rate and auction volumes increase across the combined capital cities

The capital city clearance rate increased this week, with preliminary results showing that 76.2 per cent of reported auctions across the combined capital cities were successful, compared to 75.1 per cent last week and 68.8 per cent one year ago. Auction activity increased over the week with 2,844 homes taken to auction, up from 1,473 […]

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Investors have historically outweighed first home buyers, but the spread in market participation has never been this wide

Over recent years the level of investor participation in the national housing market has hit historic high levels and at the same time, housing finance commitments to owner occupier first time buyers has shrunk.  As an example, January 2017 housing finance data shows that based on the total value of housing finance commitments, a record-low […]

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Commercial Auction Results – Week ending 10 March 2017

CoreLogic captured eight commercial auction results in the week ending the 10th of March. These preliminary auction results show a 100% clearance rate and a combined sales volume of $13 million. The highest value result was a $2 million factory office and unit in Yennora, NSW. Of the properties sold, 4 were located in NSW, with […]

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Source: CoreLogic

This unlucky Irish pub signals trouble for Melbourne

The Corkman Irish Pub was built in 1857. Located 2km north of the Melbourne CBD, and opposite the Law Building of Melbourne University, it was favoured by local students. The property sold in 2014 for $4.8 million with a net income of $82,000 a year. The income was surprisingly low given the sale terms of […]

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Commercial Market Update – Canberra Cityscope

The latest research from Canberra Cityscope shows property sales have increased significantly in the past three months. Sales recorded in the quarter to March 2017 totalled $710.5 million, a substantial increase from the $75.5 million recorded in the three months to December 2016 and from the $141.8 million recorded in the three months to September […]

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