Auction activity across the combined capital cities is set to be quite subdued this week, with half the nation host to an upcoming public holiday; combined with both the NRL and AFL grand finals being held over the weekend, it looks to be a quiet week for the auction markets.
Auction volumes increase across all but one of the capital cities this week, returning a preliminary clearance rate of 70.7 per cent across 2,759 auctions.
Australia’s economy increased 0.8% in the June quarter, according to seasonally adjusted, chain volume measures released Wednesday. This brings annual GDP growth to 1.8% at the end of June. But aggregate growth figures mask one of the longest declines in private sector, gross capital formation in Australia’s...
The number of properties scheduled to go to auction this week is expected to surpass last week as the busiest week for auctions since June, with CoreLogic currently tracking 2,592 auctions across the combined capital cities, up from last week when final results saw 2,510 auctions held.
ABS Property Price Index Confirms the Slowdown That the CoreLogic Index Was Already Showing - CoreLogic
There were 2,490 auctions held across the combined capital cities this week, up from 2,258 last week, making it the busiest week for auctions since the beginning of June.
The Australian Bureau of Statistics (ABS) released their biennial survey of household income and wealth recently. The release has a huge amount of valuable data but at least initially I thought it was pertinent to look at the dwelling tenure data.
CoreLogic news details auction activity across the combined capital cities is expected to see a slight increase this week. Read more from September 17, 2017.
Preliminary figures show 70.2 per cent of auctions were successful across the combined capital cities, while auction activity increases week-on-week.
The number of properties scheduled to go to auction this week is only slightly lower than final results last week.
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 September. The cash rate last moved in August 2016, shifting down to the current rate. CoreLogic head of research Tim Lawless comments.
Auction volumes fall across the combined capital cities leading into Spring with 2,060 auctions held and a preliminary clearance rate of 70.0%.
In a clear indication of the excellent health of the commercial property market, Century Property Funds have announced the sale of their building, Swire House at 10 Spring Street, Sydney for $270.05 million.
The preliminary auction results for the week ending 22nd of September suggest there were 59 commercial auctions across Australia.
The latest research from Christchurch Cityscope shows that commercial property sales’ value in Christchurch’s CBD have increased in the past three months.
The latest research from Gold Coast Cityscope shows property sale figures have increased in the past three months.
CoreLogic news details North Sydney office tower held in the name of Parangool Pty Ltd at 1 Pacific Highway, has changed hands at $114.5 million. Learn more.
The preliminary commercial auction results for the week ending 15th of September saw 39 properties up for auction.
The latest research from South Sydney Cityscope shows property sales for the quarter to September 2017 have decreased in terms of value.
The latest research from Chatswood Cityscope shows that commercial property sales in the areas covered by it have decreased in total sales value.
Another Melbourne CBD site with the potential for a residential highrise development has been sold for around $35 million.
The number of commercial auctions held in the week ending the 8th of September climbed to 38, up from 28 in the previous week, according to preliminary results from CoreLogic
The latest research from Perth Cityscope shows property sales have increased in the past three months.
The latest research from Canberra Cityscope shows property sales value increased in the past three months.