CoreLogic news details a Swiss-based company has purchased an 8-storey office complex at 628 Bourke Street Melbourne for $180 million. Read more.
The week ending June 23rd saw a total of 53 commercial auctions held across Australia, with a clearance rate of 69.2%. This is a stark increase on the number of auctions held in the previous week, when just 30 auctions were held with a clearance rate of 56.7%, suggesting continued buoyancy in the market.
The latest research from South Sydney Cityscope shows property sales for the quarter to June 2017 have increased in terms of both total value and sale numbers. Sales recorded in the most recent quarter totalled $504.5 million from 58 sales, as compared to the $479.1 million from 54 sales in the quarter to...
The latest research from Chatswood Cityscope shows that commercial property sales have increased in total sales value. For the quarter to June 2017 there were 26 sales at a total sales value of $199.4 million, compared to 31 sales at a total value of $113.7 million for the previous quarter and up from the...
First home buyers are close to record lows in many of Australia’s states and they are below the long term average in every state except Western Australia.
The regional housing markets of Australia have long been laggards when compared to the capital city markets however, the latest data shows that many of these regions have seen values rise over the past year.
CoreLogic March 2017 quarter Pain & Gain Report: Find out the best and worst for property resales over the March 2017 quarter
After showing strong conditions through to September, the final quarter of 2015 ends with capital city dwelling values declining by 1.4%.
In a huge show of confidence in the Sydney commercial office market, the Dexus Property Group has gone on an almost $1.1 billion shopping spree.
The week ending 16th of June saw the lowest number of preliminary auctions for the month, at just 30 held across the country. Of the 30 auctions held, 17 were sold, with a clearance rate of 56.7%. This was lower than the preliminary results of the previous week, which saw 32 sold commercial properties at...
The Sydney CBD Cityscope region encompasses areas around Darling Harbour from Barangaroo and Circular Quay, down to Regent Street in Ultimo. Sales activity was notably subdued in the May 2017 quarter, particularly in the office buildings and commercial units.
he latest research from Canberra Cityscope shows property sales value decreased in the past three months. Sales recorded in the quarter to June 2017 totalled $211.3 million, a decrease from the $684.5 million recorded in the three months to March 2017, but an increase from the $75.5 million recorded in the...
Housing finance data for July 2016 was released by the Australian Bureau of Statistics (ABS) earlier today. The release showed that the total value of mortgage lending in July 2016 was recorded at $31.8 billion which was -1.8% lower compared to the $32.4 billion worth of mortgage lending in June 2016.
The Australian Prudential Regulation Authority (APRA) released its June 2016 quarter property exposures data earlier this week. The data looks at exposure to the property market by Australian Authorised Deposit-taking Institutions (ADI).
The housing market appears to be responding to a number of factors which have spurred further growth in home values. Official interest rates are at historic low levels which has encouraged borrowing for housing and driven housing debt to record-high levels.
Late last week the Australian Bureau of Statistics (ABS) published lending finance data for June 2016. When this data is paired with housing finance data it provides valuable insights about the value of housing finance commitments across each state and territory.
The Australian Bureau of Statistics released housing finance data for June 2016 earlier this week. The data showed that the value of housing finance commitments was recorded at $32.6 billion which was the highest value since August 2015 but still -2.1% lower than its record high of $33.3 billion in April...
The Australian Bureau of Statistics (ABS) released building approvals data for June 2016 earlier today. Over the month there were 18,693 dwellings approved for construction nationally. National dwelling approvals are currently 26% higher than the decade average.
Earlier this week the Australian Bureau of Statistics (ABS) released consumer price index (CPI) data for the June 2016 quarter. The data showed that inflation rose by 0.4% over the quarter, however over the 12 months to June 2016, inflation has only increased by 1.0%, its lowest annual increase since June...
With the national housing market having experienced more than four years of ongoing value rises, affordability in certain areas is deteriorating and sales that were once considered to be at the top end of the market are now becoming more common.
Over the month there were $32.3 billion in housing finance commitments which is 1.0% higher over the past month. Although the value of housing finance commitments increased in May 2016, they are now -4.6% lower than their August 2015 peak of $33.8 billion worth of commitments.
Building approvals data for May 2016 was released earlier this week by the Australian Bureau of Statistics (ABS). According to the data there were 19,276 dwellings approved for construction over the month. The 19,276 approvals in May 2016 the lowest number of monthly approvals in four months.
The vast majority of property owners who sold their home in the December 2015 quarter sold at in excess of their previous purchase price according the latest CoreLogic RP Data quarterly Pain and Gain Report.
The release today of the monthly CoreLogic RP Data Rent Review results for February confirm that over the coming months rental rates could begin to fall on an annual basis due to additional new rental supply entering the market.