One of the factors cementing the current ‘seller’s market’ conditions in Australian housing is a low level of available stock for sale. Recent strong price increases have in part been driven by demand for housing outstripping supply. So where do buyers find reprieve? CoreLogic has analysed suburb-level...
There are 3,101 capital city homes scheduled for auction this week, up on the 2,905 last week and the 711 auctions held one year ago.
Record low mortgage rates, and an expectation interest rates will remain low for an extended period of time, have played a central role in stoking Australia’s economic recovery and rebound in housing markets.
Housing markets around Australia continued to surge in May with CoreLogic’s national Home Value Index up 2.2% over the month.
Sydney is the most expensive capital city by some margin, implying the financial commitment is more significant than other regions. It also has the lowest rental yields, signaling some imbalance between housing values and rental rates. So why does NSW have the highest concentration of investors?
This week was set to be the second biggest auction week so far this year however with the announcement of another lockdown in Victoria on Thursday, volumes dropped slightly.
CoreLogic has released its latest Quarterly Economic & Property Market Review which provides a comprehensive overview of housing market performance through the start of 2021.
There are 3,162 capital city homes set to go under the hammer this week, increasing by 11% on last week’s 2,838 auctions held. This week’s volumes are expected to surpass the 3,016 auctions held in early May as the second busiest week of 2021.
Rent values across the combined regional markets have outpaced capital city rents with a growth rate almost three times the size in the 12 months to April.
There were 2,845 homes taken to auction across the combined capital cities this week, compared to 2,905 over the previous week and 612 this time last year. A preliminary auction clearance rate of 78.2 per cent has been recorded across the 2,377 results collected so far.
Auction activity is expected to remain relatively steady week-on-week across the combined capital cities, with only 26 fewer homes set for auction over the week. There are 2,879 auctions scheduled to take place this week, while last week 2,905 auctions were held.
Australia’s regional housing market has far outpaced value growth across Australia’s capital cities in the last 12 months, rising 13.0% compared with a 6.4% gain in capital city values.
Auction volumes were down slightly week-on-week with 2,892 homes taken to auction across the combined capital cities this week. Preliminary results show that of the 2,454 results collected so far, 79.0 per cent were successful. In comparison, the previous week saw 3,016 homes taken to auction, returning a...
The long-term leasehold of a huge 1.44 HA commercial office site in Sydney’s Olympic Park has changed hands for $66.1 million. Neighbouring buildings, Quad 2 and Quad 3 at 6 Parkview Drive and 106 Bennelong Parkway respectively, were being marketed by GJS Property and Knight Frank Sydney.
The latest research from Sydney Cityscope shows that Sydney CBD commercial property sales value for the three months ending February 2021 has increased in total value from the preceding quarter.
The latest research from Southbank Cityscope shows property sales value has decreased in the past three months.
The latest research from Perth Cityscope shows property sale numbers and figures have increased for the first time in six months. The last three months to the beginning of March 2021 recorded 30 sales for a total of over $112.7 million; with $84.3 million for commercial, $12.6 million for commercial strata,...
The latest research from Newcastle Cityscope shows commercial property sales in Newcastle’s CBD have decreased in total sales value and number of sales. For the quarter to March 2021, there were 13 sales at a total value of $28.2 million, compared to the 21 sales at a total value of $66.1 million recorded in...
Sales recorded for Melbourne Units Cityscope for the three months to February 2021 totalled $516.5 million from 718 sales, an increase compared to the $495.3 million from 648 sales recorded to November 2020, and the $133.2 million from 224 sales recorded for the quarter to August 2020. This quarter’s data...
The latest research from Macquarie Park Cityscope shows that commercial property sales have decreased in both value and volume in the past three months.
The latest research from Canberra Cityscope shows both property sales volume and value have decreased in the past three months.
The latest research from Brisbane South Cityscope shows property sale figures have increased in the past three months and sales numbers have slightly increased. The last three months to the end of February 2021 recorded 7 sales for a total of over $19.6 million; with $7.2 million for commercial, $1.3 million...
There were 1,587 capital city homes taken to auction this week. Of the 1,311 results collected so far, 84.5% have reportedly sold. This is an improvement on last week’s preliminary clearance rate of 81.9% when volumes were higher (2,473). Final figures by Wednesday saw last week’s preliminary clearance rate...
There were 2,451 homes taken to auction across the combined capital cities this week, up from 2,128 over the previous week, although lower than this time last year when 3,026 auctions were held.
While neighbourhood and smaller shopping centres continue to trade well in the pandemic times, CBRE has sold the Entrada Centre at 20 Victoria Road, Parramatta for about $41 million. The vendor is the Cook Property Group, founded by and controlled by Ben Cook of Auckland.