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.
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.
CoreLogic news details a recent Sydney CBD sale demonstrates the continuing strength of the commercial property market. Read more.
The latest research from St Kilda Road Cityscope shows property sales value has decreased in the past three months. Sales recorded in the quarter ending April 2017 totalled $294.1 million from 367 sales, a decrease from the 162 sales totalling $409.5 million recorded to January 2017.
The latest research from Eastern Sydney Cityscope shows property sales have decreased in the past three months. Sales recorded in the quarter ending April 2017 totalled $141 million, a decrease from the $381.6 million recorded in January 2017 but an increase from the $119.1 million recorded to October 2016.
CoreLogic captured 48 auction results in the first week of April, with a preliminary clearance rate of 75%. This is slightly stronger than the sales results collected in the same week of 2016, in which 42 auctions were held with a clearance rate of 67%.
Marpop Real Estate Partners has sold a North Sydney based building for $81 million in an off market deal.
CoreLogic captured 35 auction results across Australia in over the 25th to the 31st of March. The preliminary clearance rate for the week was 85.7% across Australia, 100% in NSW and 92.9% in Victoria. Queensland also saw one sale at auction and one property passed in.
The Construction Monthly identifies the major construction projects that are in progress or planned across Australia as of April 2017. Read more.
CoreLogic news details in a move to pay down debt and reduce gearing, Growthpoint Properties has sold two of its Queensland assets. Read more.
The latest research from Parramatta Cityscope shows sales have declined in the quarter to March 2017. In the latest quarter there were 19 sales at a total value of $66.1m, compared to 32 sales at a total value of $150.27m for the previous quarter, and 17 sales at a total value of $139.3m for the...
The latest research from Gold Coast Cityscope shows property sale figures have increased in the past three months. Sales recorded in the three months to March 2017 recorded 59 sales for a total of $73.9 million. Of this, $13.2 million was for commercial, $10.9 million was for commercial strata, $27.5 million...
Melbourne is seeing an increase in commercial sales prices, indicating a healthy market for commercial property investors.
The latest research from Melbourne Cityscope shows that commercial property sales have significantly decreased in the past three months. Sales recorded in the quarter ending March 2017 totalled $436.6 million, a decrease from the $1.17 billion in sales recorded in the three months to December 2016 and a...