There were 1,324 homes taken to auction across the combined capital cities this week, slightly up on the previous week when 1,278 auctions were held.
After recording the largest losses during the recent housing market downturn, the premium end of Sydney and Melbourne’s housing market is driving the rebound in capital gains
Auction activity is expected to remain relatively steady week-on-week across the combined capital cities, with 1,236 homes scheduled to go under the hammer this week, compared to last week’s 1,278 auctions held. Over the same week one year ago, a higher 1,817 capital city homes were auctioned.
The CoreLogic September home value index results saw the national index post the largest monthly gain since March 2017, largely driven by a strong rebound in Sydney and Melbourne where values were up 1.7% over the month.
There was a significant drop in the number of auctions across the combined capital cities this week, with 1,262 homes taken to auction, down on the 1,983 auctions held at final results last week.
Most Australians could well assume that recent falls in housing values have translated into more affordable housing. Lower prices, after all, should equate to better affordability.
Housing sales activity slumped during the housing downturn, however the recent trend shows turnover has levelled out as home values rise and mortgage rates reach the lowest level since the 1950’s.
The combined capital cities are expecting 40 per cent fewer homes taken to auction this week, with the AFL grand final being held over the weekend, it looks to be a quiet week for auctions across Melbourne, contributing to the overall lower activity.
Almost nine in 10 properties (87.1 per cent) resold in the June quarter made a profit for the seller, according to CoreLogic’s latest Pain and Gain Report, which provides a view of how resold properties are performing across Australia.
There were just under 2,000 capital city homes taken to auction this week; an increase in volumes of 21% over the week (1,639 last week).
The Australian Bureau of Statistics (ABS) recently published the March 2019 quarter demographic data. The data showed that at the end of the first quarter of 2019 the estimated residential population of the country was 25,287,394 persons, which was 0.5% higher over the quarter and 1.6% higher year-on-year.
Again to Adelaide this week and the sale of the major CBD tower at 121 King William Street. Also known as the Ernst & Young Building, the building has sold for $82.25 million in an off market sale. Vendor was The Blackstone Group L.P, the American multinational private equity, investment banking, asset...
Hoping to take advantage of South Australia’s strengthening economy, 80 Flinders Street, Adelaide has been placed on the market.
The latest research from Burke Road Cityscope shows sales value has decreased in the quarter to May 2019. In this latest quarter, there were 4 sales at a total value of $7.4 million, compared to the 6 sales at a total value of $9.9 million in the previous quarter.
The latest research from Richmond Cityscope shows property sales value has decreased in the past three months.
Sales recorded for Melbourne Units Cityscope for the three months to May 2019 totalled $387.6 million, a decrease from the $791.5 million recorded for the quarter to February 2019 (which included the off-the-plan sales of the Avant Apartments at 56-62 A'Beckett Street, Aurora Melbourne Central at 224-252 La...
The latest research from Auckland Cityscope shows that property sales value have increased over the past three months.
The latest research from Brisbane Cityscope shows property sale figures have decreased in the past three months. The last three months to the beginning of May 2019 recorded 12 sales for a total of $355 million, with $346.5 million for commercial, $6.1 million for commercial strata and $2.4 million for retail.
The latest research from Brisbane Fringe Cityscope shows property sale figures have significantly dropped in the past three months. The last three months to the beginning of May 2019 recorded 20 sales for a total of $67 million, $8.3 million for commercial, $11.7 million for commercial strata, $29.7 million...
According to the latest data collected for CoreLogic’s preliminary commercial real estate auctions results, the national auction clearance lifted to 57.8% this reporting period having tracked below 50% for most of April.
A strata-titled, retail and commercial building on the city fringe has been put on the market through JLL Brisbane.
Following last year’s acquisition of 52 and 60 Collins Street, Dexus has made another big play purchasing the 80 Collins Street precinct for a total of $1.476 billion, with the first tranche of payment at $1.09 billion settled last week.
The latest research from Eastern Melbourne Cityscope shows property sales have increased in the past three months in total sales value. Sales recorded in the quarter ending April 2019 totaled $111 million from 18 sales, compared to the $71.5 million from 23 sales recorded in the three months to January 2019....
The latest research from Adelaide Cityscope shows that commercial property sales in Adelaide have decreased in total value for the quarter to April 2019. The latest quarter shows total sales figures of $111.1 million from 15 sales, compared to the $125.9 million from 21 sales in the quarter to January 2019,...
A point release update for our rp.mobile pro professionals iPhone app went live in the App Store over the weekend. We encourage all rp.mobile pro users to download and install the latest v1.2 update. What’s In The v1.2 Update? This version release fixes an App Crash bug which occurred when a suburb had...
A new release of rp.connect was deployed to production last night – a relatively minor release but with some important enhancements to some existing features. 1. Facebook Widget Settings Previously, setting the ID in your Facebook Widgets settings did not always behave as expected and when you set your...
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...