Archive | March, 2017

20170320

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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2017_03_10_Auction_Table

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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20170316 Subregions

CoreLogic National Auction Preview, week ending 19 March 2017

Upcoming auctions: The number of properties scheduled to go to auction across the combined capital cities this week will see an increase, with 2,690 currently being tracked by CoreLogic. The number of auctions expected to be held this week is higher than last week’s 1,473, with volumes increasing across all of the capital cities.  In […]

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20170313 Sydney

Capital city preliminary clearance rate rises to 80.8 per cent, with auction activity across the capitals significantly lower

This week 1,402 auctions were held across the combined capital cities, significantly lower than the 2,907 held last week and lower than one year ago (1,488). Four out of the eight states and territories have a public holiday this coming Monday which has been a key factor in the fall in auction volumes. The combined […]

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The investor surge continues at the expense of first home buyers

Housing finance data for January 2017 was released earlier today by the Australian Bureau of Statistics (ABS).  The data showed the over the month there was $33.9 billion in housing finance commitments which was 1.5% higher than the previous month.  The value of housing finance commitments in January 2017 was 11.0% higher than it was […]

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Commercial Auction Results – Week ending 3 March 2017

The preliminary auction results for the week ending the 3rd of March saw 8 properties for auction across Australia. The combined clearance rate was 100%. All but one of the auctions was in the Melbourne CBD. The highest collected sale was a shop in Clifton Hill, Victoria, which sold at Auction for $2,150,000. The combined […]

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Commercial Market Update – Perth Cityscope

The latest research from Perth Cityscope shows property sales have decreased in the past three months. Sales recorded in the quarter to March 2017 totalled $43.7 million, a large decrease from the December 2016 quarter which totalled $251.1 million, and from the $157.2 million recorded in the three months to September 2016. This data brings […]

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