CoreLogic construction figures for July, compiled by commercial research analyst Eliza Owen, estimate that the value of construction entering the pipeline in July was $21.7 billion.
Settled sales data indicates that although transactions are lower over the year across the combined capital cities the number of sales is beginning to stabilise.
Preliminary commercial auction results in the week ending 28th of July suggest much more subdued auction activity than in the previous week.
The Goodman Group's Macquarie Park office tower has been sold to a local investor for $95.3 million.
The latest research from Adelaide Cityscope shows that commercial property sales in Adelaide have significantly decreased in total value for the quarter to July 2017.
The latest research from Docklands Cityscope shows that commercial property sales have decreased in number and in total sales value.
The housing market is gradually responding to higher mortgage rates, tighter credit policies and affordability challenges, with the quarterly trend in capital gains moderating relative to early 2017.
The RBA met industry expectations today, announcing its decision to hold the official interest rate at the record low of 1.5 per cent for August.
The CoreLogic Quarterly Housing & Economic Review is a breakdown of the activity across each of the capital cities over the quarter to June 2017 and also dives into the economic factors that contribute to the overall performance of the market.
The 2016 Census data provides the opportunity to look at the areas across the nation which have had the highest proportion of rental properties.
Developer, Mirvac, has entered into an agreement to sell a half share in its yet to be completed commercial development in Melbourne.
Preliminary auction results for the week ending July 21st saw 27 auctions held across the country. Of these auctions, 13 sold, resulting in a preliminary clearance rate of 48.15%. The combined sales value of these properties was $9.76 million.
According to the latest housing finance data release for March 2017 there was $33.2 billion in finance commitments over the month. The monthly value of commitments increased by 0.9% to be 5.3% higher year-on-year. While the value of commitments to investors has slowed over recent months, owner occupier...
Based on the relationship between demonstrated housing demand and advertised stock levels we are seeing relatively more stock available for sale compared to demand for that stock across the capital cities at the moment.
Monthly building approvals shows that the recent contraction in approvals has continued. In fact, the number of dwellings approved for construction in March 2017 was -23.7% lower than its historic peak which occurred in August of last year.
The Australian Tax Office (ATO) released their taxation statistics for the 2014-15 financial year last week, and from a housing market perspective it provides some really valuable data on property investor behaviour. Over the 2014-15 financial year, property investors claimed $11.120 billion in net rental...
On Friday of last week the banking regulator, the Australian Prudential Regulation Authority (APRA) wrote to all authorised deposit-taking institutions (ADIs) announcing further measures to reinforce sound residential mortgage lending practices.
It seems that lenders were already scaling back their appetite for investment lending as early as January this year, with the value of housing finance commitments for investment purposes falling by almost 6% in February; the largest fall in lending for investment purposes since September 2015.
Demographic data from the Australian Bureau of Statistics (ABS) showed that Australia’s estimated resident population was 24,220,192 persons at the end of September 2016. Overt the 12 months to September 2016 the national population increased by 1.5% or by 348,695 persons.
Over recent years the level of investor participation in the national housing market has hit historic high levels and at the same time, housing finance commitments to owner occupier first time buyers has shrunk.
Housing finance data for January 2017 was released earlier today by the Australian Bureau of Statistics (ABS). The data showed the over the month there was $33.9 billion in housing finance commitments which was 1.5% higher than the previous month.
Housing affordability is becoming a very hot political topic at the moment and it is no wonder why. When we look at the latest CoreLogic Home Value Index results for February 2017, they show that combined capital city home values increased by 1.4% taking them 11.7% higher over the past year.
Building approvals data for January 2017 was released earlier today by the Australian Bureau of Statistics. According to the release there were 17,412 dwellings approved for construction over the month which was 1.8% higher over the month but -12.0% lower year-on-year.
The median selling price of vacant land continued to climb in capital city markets throughout 2016 while in regional areas prices have fallen. The other big shift over the past 12 months has been the fairly significant increase in lot sizes after they have trended lower over many years.