The combined capital cities are expected to see a lower volume of auctions take place this week with CoreLogic currently tracking 2,628 auctions, down from 3,206 last week and similar to the 2,631 last year.
Construction activity data collated by Cordell (a division of CoreLogic) showed that the total number and value of new projects announced (but not yet commenced), for October increased by 5% with 1,918 new projects added to the pipeline.
The latest research from Southbank Cityscope shows property sales value have decreased in the past three months.
The latest research from Chapel Street Cityscope shows that commercial property sales value have decreased in the past three months.
The latest research from Burke Road Cityscope shows sales value decreased significantly in the quarter to November 2019. In this latest quarter, there was 1 sale of $0.5 million, compared to the 3 sales at a total value of $7.4 million in the previous quarter.
The latest research from Richmond Cityscope shows property sales have increased in the past three months.
The latest research from Macquarie Park Cityscope shows property sales value for the three months to November 2019 have increased significantly from the preceding quarter.
Being offered for sale for the first time in over 100 years is the Lane Cove maize mill on 2.9 hectares of land overlooking the Lane Cove River.
Once again Perth is showing growth in the market with Western Australian apartment developer, Finbar, purchasing a 1,697 sqm site on Adelaide Terrace for $6.5 million.
As the second most populated area in NSW, Newcastle’s commercial property market continues to grow. The quarter pre-September 2019 saw $89.6 million of non-residential property change hands with $201 million for the year to date. Several opportunities in the city have recently been placed on the market.
Sales recorded for Melbourne Units Cityscope for the three months to November 2019 totalled $390 million, a decrease from the $395.9 million recorded for the quarter to August 2019 and an increase from the $387.6 million in the quarter to May 2019.