Market Updates

Sales recorded in the quarter to August 2018 totalled $224.2 million, a large increase from the $43.1 million recorded in the three months to May 2018 and from the $77.8 million recorded in the three months to February 2018.

The latest research from Chapel Street Cityscope shows that commercial property sales value have increased in the past three months. 

The last three months to the end of August 2018 recorded 7 sales for a total of over $48.9 million; with $2.8 million for commercial, $1 million for commercial strata, $300,000 for retail strata and $44.8 million for other.

CoreLogic’s preliminary auction results for the 2 week period ending 21st September 2018 saw 61 commercial properties taken to market across Australia.

CoreLogic’s preliminary auction tracking reported 23 commercial properties being taken to market over the week ending September 7, with 17 sales, providing a preliminary auction clearance rate of 74%.

Having purchased 89-109 Gray Street Adelaide in 2017 and proceeding with the construction of a 17-storey, 772-bed student accommodation building at 109 Gray Street, Wee Hur has purchased a second Adelaide site. 

After on-selling a half stake in two of their Wynyard development buildings at 50 and 60 Carrington Street to AMP, Brookfield is getting ready to further capitalise on the strong commercial market by bringing partial interests in two of their King Street Wharf precinct buildings, 10 and 12 Shelley Street to...

The latest research from Sydney Cityscope shows that Sydney CBD commercial property sales for the three months ending August 2018 have increased in total value from the preceding quarter.

The latest research from Southbank Cityscope shows property sales value have increased in the past three months. 

The latest research from Burke Road Cityscope shows sales value has decreased in the quarter to August 2018.

The latest research from Macquarie Park Cityscope shows property sales for the three months to August 2018 have increased from the preceding quarter. 

Economic conditions remain reasonably stable, housing market growth continues to slow, household debt is at record highs, and inflation remains around the lower end of the RBA target range. With this scenario as a backdrop, the hold decision today from the RBA was widely anticipated.

CoreLogic’s preliminary auction tracking reported 12 commercial properties being taken to market over the week ending August 24, with 8 sales, providing a preliminary auction clearance rate of 67%.