The developer Villawood Properties, in partnership with builder, Henley are auctioning off a newly completed house and land package with all proceeds going to The Royal Children’s Hospital’s Good…
Where are we right now and what actually determines the cycles for the residential and commercial sector? As it happens, most people believe every sector is quickly affected by interest rate…
Do low interest rates affect the commercial property cycle?
Expectations that Melbourne’s CBD office market is in recovery mode have been declared premature by as much as 18 months.
Foreign investors and businesses have been showing a great deal of confidence in the Australian retail market, and all types of retail property are benefiting. South African retail group Woolworths…
I, like many property observers, am laughing at those commentators who are speculating that Australian houses could fall by up to 20% – an assumption that I find totally absurd.
Why Sydney has a big problem with the future
Last week there was an ordinary 53% auction success rate when 34 homes were offered in Sydney’s eastern suburbs.
Retired international soccer player Jason Culina and his wife Terri have sold their 202-year-old colonial mansion, Denham Court with plans to move closer to her interior design business in the city. The couple bought the 2.42 hectare Ingleburn property for $1.2 million from Dr Keith Okey in August 2012 with subsequent renovations and improvements undertaken
Auction volumes were high across the capital cities, with Sydney breaking all time record. There were a total of 3,491 capital city auctions held across Australia last week, up from 2,692 over the previous week. With auction volumes at the highest levels seen so far this year, clearance rates increased from 66.2% over the previous week to 68.9% last week with Sydney driving the strong clearance rate.
Sydney and Melbourne have recorded record auction results for the autumn period, ahead of an expected wind-down over the Easter break. Australian Property Monitors senior economist Andrew Wilson told SmartCompany buyers and sellers in both Sydney and Melbourne should be pleased with the weekend’s results, with clearance rates up almost 5% in Sydney to 78.1%, and up 0.6% in Melbourne to 72.3%.
Bumper property pre-Easter weekend with record auction results
Recently released data from the Australian Bureau of Statistics (ABS) shows that as at June 2013, the rate of population growth in Australia’s capital cities was significantly greater than that of regional markets. Perth topped the charts as the city to consistently record the fastest rate of population growth with 395,000 new persons moving to Perth between 2006 and 2013