Archive | June, 2017

20170626 Sydney

Clearance rates continue to trend below 70 per cent across the combined capitals, with preliminary results showing 69.1 per cent of auctions clearing.

There have been 1,840 capital city auction results reported to CoreLogic so far this week, resulting in a preliminary auction clearance rate of 69.1 per cent across the combined capital cities. There were a total of 2,323 capital city auctions held this week, down from the 2,444 held last week. This week’s preliminary result indicates […]

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Commercial Market Update – Canberra Cityscope

The latest research from Canberra Cityscope shows property sales value decreased in the past three months. Sales recorded in the quarter to June 2017 totalled $211.3 million, a decrease from the $684.5 million recorded in the three months to March 2017, but an increase from the $75.5 million recorded in the three months to December […]

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Commercial Sale Activity in the Sydney CBD Declines Due to Smaller Available Offices

The Sydney CBD Cityscope region encompasses areas around Darling Harbour from Barangaroo and Circular Quay, down to Regent Street in Ultimo. Sales activity was notably subdued in the May 2017 quarter, particularly in the office buildings and commercial units. The exception was in the retail unit segment. The year to May 2017 saw a significant […]

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2017_06_16_Auction_Graph

Commercial Auction Results – Week ending 16th June 2017

The week ending 16th of June saw the lowest number of preliminary auctions for the month, at just 30 held across the country. Of the 30 auctions held, 17 were sold, with a clearance rate of 56.7%. This was lower than the preliminary results of the previous week, which saw 32 sold commercial properties at […]

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The number of properties mortgaged is climbing however, values are increasing faster than outstanding debt

Earlier this week the Australian Bureau of Statistics (ABS) released its residential property prices indexes for the March 2017 quarter.  A valuable data set from the release relates to the value of dwelling stock and the number of residential dwellings.  Both of which have increased over the quarter.  When this data is paired with data […]

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20170622 Regional

CoreLogic National Auction Preview, week ending 25 June 2017

Upcoming auctions This week, CoreLogic is currently tracking 2,172 capital city auctions, decreasing from the 2,444 auctions held last week. When compared to the same time last year, auction volumes across the combined capitals were only slightly higher, with 2,183 auctions held. As usual, Melbourne and Sydney are the two busiest capital city auction markets […]

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The housing investment slowdown is upon us (for at least a while)

The latest housing finance and housing credit data confirm that the level of activity from investors in the housing market is slowing. Australian mortgage lenders have been rationing credit to the investor segment and lifting mortgage rates and these changes are starting to bite with investor demand now slowing.  It remains to be seen if […]

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20170619 Sydney

Auction volumes rise to 2,407 across the capital cities returning a preliminary clearance rate of 69.6 per cent

There were 2,407 auctions held across the combined capital cities this week, with a preliminary auction clearance rate of 69.6 per cent. Last week, the final clearance rate fell to 67.8 per cent, recording the lowest clearance rate year to date, across 1,279 capital city auctions. This is the 3rd week in a row now […]

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2017_06_09_Auction_Graph

Commercial Auction Results – Week ending 9th June 2017

The preliminary CoreLogic results suggest there were 37 auctions held in the week ending the 9th of June, with a clearance rate of 62.2%. This is a higher clearance rate than the previous week, however because the number of properties at auction were lower, it represents fewer sales and a lower combined value. The preliminary […]

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Commercial Market Update – Newcastle Cityscope

The latest research from Newcastle Cityscope shows commercial property sales in Newcastle’s CBD have slightly decreased in both number and value. In the quarter to June 2017, there were 24 sales at a total value of $39.2 million, compared to 27 sales at a total value of $39.5 million in the previous quarter, and 31 […]

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