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.
Dwelling values across Australia’s capital cities were 0.9% higher in January driven partially by a rebound in Sydney and Melbourne.
The hottest housing markets in the nation, Sydney and Melbourne, have continued to see an easing in the rate of capital gain over the month of October, however values continued to show a modest rise of 0.3 per cent, and 0.6 per cent respectively across Australia’s two largest capital cities over the month.
The capital city housing market performance was diverse over the first month of Spring, with Sydney value growth flattening and dwelling values down across three of the capital cities according to the September CoreLogic RP Data Home Value Index results out today.
Melbourne and Sydney continued to set a rapid pace for capital gains in July, pushing the CoreLogic RP Data Home Value Index 2.8% higher over the month and 11.1% higher over the past year.
If the only inevitabilities in life are death and taxes, then the economy and government policy will start to reflect it. This is particularly evident when the baby boomer generation goes through the significant transition to retirement.
Singapore based Rockworth Capital Partners has purchased a recently completed Town Square Redbank Plains subregional shopping centre.
The latest research from Brisbane South Cityscope shows property sale numbers have generally remained steady over the past three months. The last three months to the end of May 2017 recorded 12 sales for a total of over $39.4 million; with $13.3 million for commercial, $2 million for commercial strata, $3.1...
The latest research from Macquarie Park Cityscope shows property sales for the three months to May 2017 have increased slightly from the preceding quarter. Sales recorded in the quarter ending May 2017 totalled $510.2 million, an increase from the $504.7 million recorded in the three months to February 2017,...
The week ending 26th of May saw a preliminary clearance rate of 69.2%, down dramatically from the previous week of 86.5%. The stock for sale at auction was also significantly lower, at just 13 commercial properties going up for auction over the week. In the same week of last year, preliminary auction results...
The latest research from Southbank Cityscope shows property sales value have decreased in the past three months. Sales recorded in the quarter ending May 2017 totalled $605.3 million, a decrease from the $758 million recorded in the three months to February 2017 and also a decrease from the $610.6 million...
The latest research from Burke Road Cityscope shows sales have decreased significantly in the quarter to May 2017 in total value. In the latest quarter, there were 5 sales at a total value of $4.9 million, compared to the 5 sales at a total value of $12.1 million in the previous quarter.
The latest research from Auckland Cityscope shows that property sales have increased over the past three months. In the three months to May 2017, there were 24 sales for a total of $314.5 million, as compared with 39 sales for a total of $149.6 million recorded for the three months to February 2017, and...
The third week in May 2017 saw 41 records captured by CoreLogic, with a preliminary clearance rate across the country of 85.4%. The preliminary results show that sales were dominated by the industrial sector, with 42% of cleared auctions comprised of warehouses, and combined warehouse and office spaces.
A future office tower at 105 Phillip Street, Parramatta has been sold for $229 million. The property is currently a development site with construction at one of the lower levels.
The Construction Monthly identifies the major construction projects that are in progress or planned across Australia as of May 2017. Read more.
For many, commercial real estate construction evokes images of large, glass cityscapes with cranes sticking up throughout. This vision is furthered by the narrative that, in the wake of a mining and manufacturing bust, the future of Australia’s workforce is in service and knowledge sectors.
The latest research from Brisbane Cityscope shows property sale numbers and figures have increased slightly in the past three months. The last three months to the beginning of May 2017 recorded 13 sales for a total of $441.6 million, with $429.2 million for commercial, $11.9 million for commercial strata and...