Archive | May, 2017

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Buyer demand moves off the floor in mining regions

Most mining towns have seen their property prices crushed over recent years as commodity prices have fallen and investment has dried up.  In this week’s Pulse we take a look at how some of these major mining regions are faring. As resource investment has stalled over recent years, demand for housing in towns linked to […]

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20170521 Adelaide

Preliminary figures show 77.2 per cent of auctions were successful across the combined capital cities, while auction activity rises week-on-week

Auction activity across the combined capital cities increased this week, up from 2,409 auctions last week, to 2,794 this week, making it the sixth busiest week this year. This week’s weighted average clearance rate across the combined capitals was 77.2 per cent, increasing from a final clearance rate of 72.8 per cent over the previous […]

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Auction results 6th-12th May

Commercial Auction Results – Week ending 12th May 2017

CoreLogic captured 12 commercial auction results across Australia between the 6th and the 12th of May. These preliminary results had a clearance rate of 92%, with just one auction passing in at Arrawarra, on the north-coast of New South Wales. The passed in property was a hotel/leisure spot. Some such properties may be impacted by […]

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Pulse - MUSalesGrid

Commercial Market Update – Melbourne Units Cityscope

Sales recorded for Melbourne Units Cityscope for the three months to May 2017 totalled $179.3 million, a slight increase from the $169.6 million recorded for the quarter to February 2017, and a sharp decreased from the $405.2 million recorded for the quarter to November 2016. The latest data brings the twelve-month sales total to $899.1 […]

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Pulse - BNSalesGrid

Commercial Market Update – Brisbane Cityscope

The latest research from Brisbane Cityscope shows property sale numbers and figures have increased slightly in the past three months. The last three months to the beginning of May 2017 recorded 13 sales for a total of $441.6 million, with $429.2 million for commercial, $11.9 million for commercial strata and $500,000 for other. In comparison, […]

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Australia’s Commercial Construction Hot-Spots; They Are Not Where You Think They Are.

For many, commercial real estate construction evokes images of large, glass cityscapes with cranes sticking up throughout. This vision is furthered by the narrative that, in the wake of a mining and manufacturing bust, the future of Australia’s workforce is in service and knowledge sectors. One might also expect the most attractive place to build […]

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CoreLogic National Auction Preview, week ending 21 May 2017

Upcoming auctions The number of auctions scheduled to take place across the combined capital cities is set to rise this week, with 2,619 currently being tracked by CoreLogic, up from 2,409 auctions last week, and higher than the 1,920 auctions held over the same week last year. Auction activity across Melbourne and Sydney, the two […]

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Investor mortgage demand was petering out in February and March, expect this to continue over the coming months

According to the latest housing finance data release for March 2017 there was $33.2 billion in finance commitments over the month.  The monthly value of commitments increased by 0.9% to be  5.3% higher year-on-year.  While the value of commitments to investors has slowed over recent months, owner occupier demand lifted slightly in March 2017. The […]

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Fewer buyers results in greater months of supply

Based on the relationship between demonstrated housing demand and advertised stock levels we are seeing relatively more stock available for sale compared to demand for that stock across the capital cities at the moment. The months of supply figure compares the number of unique properties advertised for sale to the number of transactions in the […]

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20170515 Sydney

Auction conditions remain strong with a rebound in auction volumes and higher preliminary clearance rate over second week of May

Auction markets have remained resilient, with both volumes and the preliminary clearance rate rising week-on-week. The strong auction results add some complexity to speculation that the housing market is moving through its peak rate of growth.  At face value, auction markets are continuing to indicate continued strength in selling conditions across Sydney and Melbourne, however […]

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