Clearance rates show a market in turnaround

Original article by Su-Lin Tan
The Australian Financial Review – Page: 6 : 9-Sep-19

Data from Corelogic reveals that Sydney recorded a preliminary auction clearance rate of 83.1 per cent on 7 September, while Melbourne recorded a preliminary clearance rate of 76.6 per cent. As in previous weeks, the number of homes listed for sale was over 20 per cent down in both cities when compared to the same time in 2018. Meanwhile, QBE’s latest Housing Outlook indicates that Sydney house prices will rise around 1.2 per cent in the year to June 2020, while Melbourne’s prices will be generally flat.

CORPORATES
CORELOGIC AUSTRALIA PTY LTD, QBE INSURANCE GROUP LIMITED – ASX QBE

Buyers brave winter chill as property market warms

Original article by Nick Lenaghan
The Australian Financial Review – Page: 8 : 12-Aug-19

Figures from CoreLogic indicate Sydney recorded a preliminary auction clearance rate of 81.2 per cent for the weekend of 10-11 August, while Melbourne recorded a preliminary auction clearance rate of 73.2 per cent. Nationally, the preliminary auction clearance rate came in at 70.4 per cent. Louis Christopher from SQM says the preliminary results suggest the residential real estate market is on the improve, while he expects listings to rise in the upcoming spring "selling season".

CORPORATES
CORELOGIC AUSTRALIA PTY LTD

Rate cut could aid housing recovery

Original article by Michael Bleby
The Australian Financial Review – Page: 3 : 29-Apr-19

Preliminary data from Domain Holdings shows that the national residential auction clearance rate was 52.9 per cent on the weekend of 27-28 April, with a total of 1,019 properties going under the hammer. Sydney and Melbourne recorded preliminary clearance rates of 52.2 per cent and 56.6 per cent respectively. Shane Oliver of AMP Capital says the bottom of the housing market’s cyclical fall could occur sooner if the Reserve Bank reduces official interest rates in May. Oliver has forecast two rate cuts in 2019.

CORPORATES
DOMAIN HOLDINGS AUSTRALIA LIMITED – ASX DHA, AMP CAPITAL INVESTORS LIMITED, CORELOGIC AUSTRALIA PTY LTD

$850m bonanza as sale of 5G spectrum beats expectations

Original article by Supratim Adhikari
The Australian – Page: 17 & 28 : 11-Dec-18

The federal government has raised a total of $853m from an auction of 5G spectrum, including $700m for regional spectrum. The reserve price was $185m for the 350 lots of 125MHz of spectrum on offer, and telcos paid an average price of $0.29 per megahertz per population. Telstra has paid $386m for 143 lots of spectrum and the joint venture between TPG Telecom and Vodafone has paid $263m for 131 lots. Telstra CEO Andy Penn says the telco is "very pleased" with the outcome of the auction.

CORPORATES
TELSTRA CORPORATION LIMITED – ASX TLS, TPG TELECOM LIMITED – ASX TPM, VODAFONE HUTCHISON AUSTRALIA PTY LTD, SINGTEL OPTUS PTY LTD, AUSTRALIAN COMMUNICATIONS AND MEDIA AUTHORITY, DENSE AIR, AIRSPAN NETWORKS INCORPORATED

Housing doldrums here to stay

Original article by Olivia Caisley
The Australian – Page: 5 : 29-Oct-18

Preliminary data from CoreLogic shows that Sydney boasted a residential auction clearance rate of 50.7 per cent on the weekend of 27-28 October, compared with 58.3 per cent for the previous corresponding period. Melbourne’s preliminary clearance rate was 49.8 per cent, down from 70.2 per a year ago. More than 2,900 homes went under the hammer across Australia, although the national clearance rate was just 50 per cent. Shane Oliver of AMP Capital expects the housing market weakness to persist into 2020.

CORPORATES
CORELOGIC AUSTRALIA PTY LTD, AMP CAPITAL INVESTORS LIMITED

House prices tipped to fall faster as tighter credit rules hit buyers

Original article by Michael Bleby
The Australian Financial Review – Page: 6 : 15-Oct-18

Sydney’s residential property market boasted a preliminary auction clearance rate of 52 per cent in the week ended 13 October, compared with a preliminary clearance rate of 53.5 per cent for the previous week. The preliminary clearance rate in Melbourne was 52.1 per cent, down from 54.4 per cent previously. The national preliminary clearance rate was also lower than the previous week, and Maria Magrin of Belle Property says prospective buyers are finding it harder to secure credit prior to auction.

CORPORATES
BELLE PROPERTY PTY LTD, CORELOGIC AUSTRALIA PTY LTD, DOMAIN HOLDINGS AUSTRALIA LIMITED – ASX DHA, MORGAN STANLEY AUSTRALIA LIMITED, AMP CAPITAL INVESTORS LIMITED

Auction market chilled by rate hikes, reluctant sellers

Original article by Michael Bleby
The Australian Financial Review – Page: Online : 3-Sep-18

Corelogic has reported that the preliminary clearance rate for residential auctions in the week ending 1 September was at 58.2 per cent. Sydney had a preliminary clearance rate of 58.6 per cent, while Melbourne had a preliminary clearance rate of 59.1 per cent. Canberra had a preliminary clearance rate of 63.3 per cent, while Adelaide and Brisbane had preliminary clearance rates of 61.7 per cent and 45.9 per cent respectively.

CORPORATES
CORELOGIC AUSTRALIA PTY LTD, BELLE PROPERTY PTY LTD, RESERVE BANK OF AUSTRALIA, STOCKLAND – ASX SGP, JP MORGAN AUSTRALIA LIMITED

House price tumble steeper than tipped

Original article by Robyn Ironside
The Australian – Page: 2 : 7-Jun-18

The ANZ Bank’s latest housing market report notes that the national auction clearance rate averaged 58 per cent in May, compared with 66 per cent in February. ANZ warns that the downturn means house prices may not rebound as strongly as the bank had previously forecast. ANZ now expects the downturn in house prices to be larger than forecast, noting that the slowdown has gathered pace in recent months. Housing Industry ­Association data also highlights the decline in sales of new homes in 2018.

CORPORATES
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, HOUSING INDUSTRY ASSOCIATION LIMITED

Sydney, Melbourne housing boom over

Original article by Su-Lin Tan
The Australian Financial Review – Page: 3 : 19-Mar-18

Preliminary data from CoreLogic shows that Sydney’s residential property market boasted an auction clearance rate of 67.8 per cent in the week ended 18 March, compared with 76.8 per cent at the same time in 2017. Melbourne’s clearance rate fell from 77 per cent previously to 68.9 per cent. Damien Cooley of Cooley Auctions says it is too soon to suggest that Sydney and Melbourne have become buyers’ markets.

CORPORATES
CORELOGIC AUSTRALIA PTY LTD, COOLEY AUCTION SERVICES PTY LTD, BELLE PROPERTY PTY LTD, FIRST NATIONAL REAL ESTATE GROUP, RT EDGAR PTY LTD, ELDERS REAL ESTATE, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY

Sellers beware: Auction action could be slowing to 50 per cent

Original article by Nick Lenaghan
The Australian Financial Review – Page: 6 : 2-Oct-17

House auctions in Melbourne and Sydney on the weekend of 30 September-1 October were impacted significantly by the AFL and NRL grand finals respectively. Just 118 auctions were held in Melbourne, down from 1,361 for the previous weekend, although the clearance rate rose from 70.6 per cent to 89.4 per cent. Sydney auctions fell from 1,033 to 597, while its clearance rate increased from 65.9 per cent to 69.1 per cent. Louis Christopher from SQM Research expects clearance rates in both October and November to decline.

CORPORATES
SQM RESEARCH PTY LTD, CORELOGIC AUSTRALIA PTY LTD, BELLE PROPERTY PTY LTD, UBS GLOBAL REAL ESTATE INDEX