This week marks 12 months since the combined capital city auction market last recorded a clearance rate above 70 per cent, with selling conditions progressively weakening over the year as property values fall resulting in fewer homes selling at auction.
In a recent letter to all Australian authorised deposit-taking institutions (ADIs) entitled ‘Embedding Sound Residential Lending Practices,’ APRA indicated that lenders need to limit lending at very high debt to income levels.
Auction activity across the combined capital cities is set to remain relatively steady this week, with CoreLogic currently tracking 2,164 auctions, increasing slightly on last week’s final figures which saw 2,100 auctions held.
There were 2,089 homes taken to auction across the combined capital cities this week, returning a preliminary auction clearance rate of 60.3 per cent.
In this week’s Property Pulse we look at each capital city across the country and compare how close to the city you can get where houses typically cost under $500,000.
With the latest release of lending finance data from the Australian Bureau of Statistics, we can now analyse the value of mortgage lending across each of the states and territories up until March 2018.
Following on from what CoreLogic commercial research analyst Eliza Owen describes as “a relatively subdued quarter of activity in Q1 2018”, the number of projects moving into construction surged over April.
Preliminary clearance rate weakens and auction volumes drop slightly across the combined capital cities.
With the release of regional population and migration data for 2016-17, in this week’s Pulse we take a look at where people migrating away from capital cities are ending up moving to.
Dwelling values, particularly those in Sydney and Melbourne, have been falling now for a number of months.
Treasurer Scott Morrison’s budget speech for 2018/19 featured a reflection on the physical transport assets being delivered by government.
The combined capital cities are expected to see a lower volume of auctions this week with CoreLogic currently tracking 2,055 auctions, down from 2,311 last week.
As commercial sales in the Sydney CBD continue, an office tower at 179 Elizabeth Street, Sydney has been sold for $265 million, apparently about $15 million more than was expected.
According to CoreLogic preliminary auction results, the week ending 25th of May saw 22 properties go up for auction across Australia.
The latest research from Burke Road Cityscope shows sales value has decreased in the quarter to May 2018.
The latest research from Chapel Street Cityscope shows that commercial property sales value have increased in the past three months.
Bendigo & Adelaide Bank’s Adelaide head office at 80 Grenfell Street has been sold for $184.6 million.
According to CoreLogic preliminary auction results, the week ending 18th of May saw just 18 properties go up for auction across Australia, as opposed to 68 in the previous week.
The latest research from Richmond Cityscope shows property sales have decreased in the past three months.
Sales recorded for Melbourne Units Cityscope for the three months to May 2018 totalled $667.8 million, an increase from the $319.5 million recorded for the quarter to February 2018 and the $573.1 million recorded for the quarter to November 2017.
CoreLogic news details a luxury car dealership in the Brisbane CBD fringe has been sold for $91.2 million ASX-listed Dexus. Read more.
The combined capital cities are expected to see a lower volume of auctions this week with CoreLogic currently tracking 1,931 auctions, down from 2,279 last week.
The latest research from Adelaide Cityscope shows that commercial property sales have decreased in total value for the quarter to April 2018.
The latest research from Eastern Melbourne Cityscope shows property sales have decreased in the past three months in terms of total sales value.
Since the launch of the RPData.Mobile.Pro iPhone App, we’ve been receiving some great feedback from our customers. I just wanted to say thanks very much and please keep the feedback coming. (Keep clicking the grey ‘Send us your feedback’ button located at the bottom of the home screen). There’s been a few
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Hopefully we’ll all in agreement that you should have a presence on Facebook – it’s the most popular social network in Australia, and is the second most visited website in Australia (behind Google.com.au). Buyers and sellers of property are on Facebook – they’re discussing and researching property, and you...
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