REAL ESTATE – AUSTRALIA – RESIDENTIAL

Buyers scoop up all 191 units in western Sydney project

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Original article by Su-Lin Tan
The Australian Financial Review – Page: 5 : 3-Aug-15

Sydney’s residential property market boast an clearance rate of 78.8 per cent for the week ended 2 August 2015, according to CoreLogic RP Data. The clearance rate in Melbourne was 76.8 per cent, while the national clearance rate was 75.7 per cent. Meanwhile, First Point Projects and St Hilliers First Point sold every apartment on offer in the Thornton Central residential project in the Sydney suburb of Penrith on 1 August.

CORPORATES
CORELOGIC AUSTRALIA PTY LTD, RP DATA LIMITED, FIRST POINT PROJECTS PTY LTD, ST HILLIERS PTY LTD, RESERVE BANK OF AUSTRALIA, AUSTRALIAN NATIONAL UNIVERSITY, HOUSING INDUSTRY ASSOCIATION LIMITED, McGRATH REAL ESTATE PTY LTD

Median house price in Sydney tops $1m

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Original article by Michael Bleby
The Australian Financial Review – Page: 3 : 23-Jul-15

New data from Domain Group shows that the median house price in Sydney rose by 22.9 per cent in 2014-15, to a record high of slightly more than $A1m. The harbour city’s median house price was just $A814,285 in 2013-14. Meanwhile, Sydney’s median apartment price rose by 13.9 per cent to $A656,078. Housing remains more affordable in Melbourne, with the median price of houses rising by 10.3 per cent to $A668,030 and apartment prices rising by 4.5 per cent to $A443,549.

CORPORATES
DOMAIN.COM.AU, FAIRFAX MEDIA LIMITED – ASX FXJ

Housing glut by 2018, BIS report warns

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Original article by Michael Bleby
The Australian Financial Review – Page: 4 : 20-Jul-15

A BIS Shrapnel report forecasts an oversupply of at least 12,000 dwellings in Australia by 2018. The firm expects just 164,000 new homes to be built in 2018, compared with an estimated 210,000 in 2014-15. However, demand for housing in New South Wales will continue to exceed supply in coming years, while there will be an oversupply of apartments in Victoria and houses in Western Australia.

CORPORATES
BIS SHRAPNEL PTY LTD, HOUSING INDUSTRY ASSOCIATION LIMITED, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY

Housing starts top 200,000 for first time

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Original article by Michael Bleby
The Australian Financial Review – Page: 48 : 16-Jul-15

The Australian Bureau of Statistics has reported that there were a record 203,760 dwelling commencements in the year to March 2015. This compares with 198,849 in the year to December 2014. Housing starts in Victoria and Queensland rose by around 20 per cent during the March quarter, although growth in New South Wales was just 1.9 per cent. The value of construction activity across all sectors of the industry totalled $A23.7 billion during the quarter.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, MASTER BUILDERS AUSTRALIA INCORPORATED, HOUSING INDUSTRY ASSOCIATION LIMITED

Melbourne may ‘outpace’ Sydney prices

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Original article by Robert Harley
The Australian Financial Review – Page: 32 : 14-Jul-15

A report from property valuation firm Propell suggests that house prices in Sydney and Melbourne will rise by 10 per cent and eight per cent respectively during the next 12 months. However, the firm notes that there is the potential for stronger house prices in Melbourne than in Sydney, as house price growth in the latter city may be moderating. Meanwhile, Propell forecasts five per cent growth in Sydney apartment prices and just one per cent growth in Melbourne.

CORPORATES
PROPELL NATIONAL VALUERS PTY LTD, CORELOGIC AUSTRALIA PTY LTD, RP DATA LIMITED, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD

Auction clearances show softening trend

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Original article by Robert Harley
The Australian Financial Review – Page: 3 : 13-Jul-15

Preliminary data from APM PriceFinder shows that Sydney’s residential property market boasted an auction clearance rate of 80 per cent on the weekend of 11-12 July 2015. An usually high number of homes for the time of year went under the hammer, which might have influenced the lower clearance rate, according to Andrew Wilson of Domain. Melbourne’s preliminary clearance rate rose from 74.7 per cent to 79.2 per cent.

CORPORATES
AUSTRALIAN PROPERTY MONITORS PTY LTD, DOMAIN.COM.AU, FAIRFAX MEDIA LIMITED – ASX FXJ, CORELOGIC AUSTRALIA PTY LTD, COBDEN AND HAYSON, BIGGIN AND SCOTT PTY LTD, PETER BLACKSHAW REAL ESTATE, WESTON CREEK PTY LTD

Cities report warns of growing economic chasm

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Original article by Michael Bleby
The Australian Financial Review – Page: 44 : 9-Jul-15

A new report shows that factors such as access to transport infrastructure and centres of employment are influencing residential property prices in Australian cities. House prices in outer suburbs where access to such amenities is more limited are growing at a slower pace than those in inner suburbs. The Federal Government report warns that a social divide may develop between people who live in inner areas and those on the fringes of major cities.

CORPORATES
AUSTRALIA. DEPT OF INFRASTRUCTURE AND REGIONAL DEVELOPMENT

Signs of slowing but Sydney strong

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Original article by Michael Bleby, Su-Lin Tan
The Australian Financial Review – Page: 3 : 6-Jul-15

Sydney’s residential property market boasted an auction clearance rate of 84.5 per cent on the weekend of 4-5 July 2015, according to Corelogic RP Data. Some 566 home went under the hammer, compared with 815 on the previous weekend, when the clearance rate was 82 per cent. The clearance rate in Melbourne fell from 78.5 per cent to 76.7 per cent, with the number of properties on offer falling from 924 to 527.

CORPORATES
CORELOGIC AUSTRALIA PTY LTD, RP DATA LIMITED, BELLE PROPERTY PTY LTD, RAY WHITE REAL ESTATE

Housing data shows peak is over

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Original article by Robert Harley
The Australian Financial Review – Page: 38 : 1-Jul-15

Data from Domain Group shows that Sydney’s residential auction clearance rate eased from 83.3 per cent in May 2015 to 82.9 per cent in June. There was also a downturn in the median auction price. Meanwhile, the auction clearance rate in Melbourne rose from 78 per cent to 79.2 per cent in June, although the median dwelling price was 4.9 per cent lower than in May.

CORPORATES
DOMAIN.COM.AU, FAIRFAX MEDIA LIMITED – ASX FXJ, HOUSING INDUSTRY ASSOCIATION LIMITED, RESERVE BANK OF AUSTRALIA, HSBC AUSTRALIA HOLDINGS PTY LTD

Done deal: Metro sets float date

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Original article by Larry Schlesinger
The Australian Financial Review – Page: 33 : 15-Jun-15

Metro Property Development is offering its shares to retail and institutional investors at $A2.25 apiece in an IPO that will raise about $A170m. The residential property developer will have a larger market capitalisation than listed rivals such as Sunland Group and Finbar when it debuts on the Australian sharemarket on 13 July 2015. Metro’s founders will retain a 46 per cent stake in the group.

CORPORATES
METRO PROPERTY DEVELOPMENT PTY LTD, MOELIS AND COMPANY, MORGANS FINANCIAL LIMITED, SUNLAND GROUP (VIC) NO 2 PTY LTD, FINBAR GROUP LIMITED – ASX FRI, VILLA WORLD LIMITED – ASX VLW, CEDAR WOODS PROPERTIES LIMITED – ASX CWP