REAL ESTATE – PRICES – NEW SOUTH WALES

Sydney house prices fall 3.1pc over March quarter

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Original article by Ingrid Fuary-Wagner, Michael Bleby
The Australian Financial Review – Page: 3 : 30-Apr-19

Domain Holdings analyst Nicola Powell says Sydney’s residential property market downturn is close to being the longest on record. She adds that the median house price in Sydney will fall below $1m if prices continue to fall at the current rate. The median house price has fallen from $1,161,083 to $1,027,962 in the last year. Data from Domain shows that house prices in Sydney have fallen by 14.3 per cent since peaking in mid-2017.

CORPORATES
DOMAIN HOLDINGS AUSTRALIA LIMITED – ASX DHA, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC

Sydney houses cement price growth

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Original article by Su-Lin Tan
The Australian Financial Review – Page: 4 : 2-Nov-16

Data from CoreLogic shows that house prices in Sydney increased by 10.2 per cent year-on-year in October 2016. House prices in Sydney also rose by more than 10 per cent year-on-year in September, after recording single-digit growth since February. Tim Lawless of CoreLogic says the Reserve Bank is likely to adopt a cautious approach to further easing of monetary policy due to rising house prices and high auction clearance rates in Sydney and Melbourne.

CORPORATES
CORELOGIC AUSTRALIA PTY LTD, RESERVE BANK OF AUSTRALIA, SQM RESEARCH PTY LTD, STANDARD AND POOR’S CORPORATION, MOODY’S INVESTORS SERVICE INCORPORATED

Sydney home prices lead way with 3.4pc surge

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Original article by Michael Bleby
The Australian Financial Review – Page: 9 : 31-May-16

Data from CoreLogic shows that the capital city-average house price index rose by 1.6 per cent in May 2016, compared with 1.7 per cent in April. The data also shows that house prices in Sydney increased by 3.4 per cent in May, although SQM Research’s Louis Christopher believes that prices are growing at a slower pace. Meanwhile, Housing Industry Association data indicates that there was an 8.1 per cent decline in sales of new homes in New South Wales during April.

CORPORATES
CORELOGIC AUSTRALIA PTY LTD, SQM RESEARCH PTY LTD, HOUSING INDUSTRY ASSOCIATION LIMITED

Sydney homes could hit $1m median before the year’s out

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Original article by Samantha Hutchinson
The Australian Financial Review – Page: 3 : 9-Apr-15

The Real Estate Institute of Australia estimates that Sydney’s median house price is $A882,000 at present, but SQM Research CEO Louis Christopher says it could top $A1m in the final quarter of 2015. Andrew Wilson of Australian Property Monitors also expects the median house price to reach this level soon. Recent data from SQM shows that the median asking price for houses in Sydney is now $A1.066m

CORPORATES
THE REAL ESTATE INSTITUTE OF AUSTRALIA LIMITED, SQM RESEARCH PTY LTD, AUSTRALIAN PROPERTY MONITORS PTY LTD, RP DATA LIMITED, CORELOGIC AUSTRALIA PTY LTD, BIS SHRAPNEL PTY LTD

Perisher deal may lift chalet prices

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Original article by Samantha Hutchinson
The Australian Financial Review – Page: 46 : 2-Apr-15

US-based Vail Resorts has bought the Perisher ski resort in New South Wales. Real estate agents expect the deal to result in higher property values in the alpine region. Figures from CoreLogic RP Data show that the median price for residential property in Jindabyne fell by 3.25 per cent between 2013 and 2014, to $A395,917. Only 17 transactions were made in this period

CORPORATES
VAIL RESORTS INCORPORATED, PERISHER BLUE PTY LTD, CORELOGIC AUSTRALIA PTY LTD, RP DATA LIMITED, ZIRTANIUM PTY LTD, ZIRKY REAL ESTATE, AMALGAMATED HOLDINGS LIMITED – ASX AHD, MERLIN ENTERTAINMENTS GROUP LIMITED

$9m sale smashes Coogee record

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Original article by Anna Anderson
The Sydney Morning Herald – Page: 6 : 8-Jan-15

A five-bedroom house has set a new record sale price for the beachside suburb of Coogee in New South Wales. The house, which features a swimming pool, cabana, five bathrooms and a temperature-controlled wine cellar was sold by lawyer Danny Simmons for $A9m. The median house price in Coogeee was $A1.85m in 2014

CORPORATES
CLIFFORD CHANCE, PHILLIPS PANTZER DONNELLEY, DOMAIN.COM.AU, FAIRFAX MEDIA LIMITED – ASX FXJ

Lot release ‘too slow in NSW’

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Original article by Tim Binsted
The Australian Financial Review – Page: 18 : 26-Nov-14

Brickworks MD Lindsay Partridge believes that the limited supply of land for residential development is contributing to the rising cost of homes in New South Wales. He has urged the State Government to accelerate the release of new housing lots, arguing that it should be making 10 times more lots available than at present. Meanwhile, Brickworks achieved 14 per cent growth in revenue year-on-year in the first quarter of 2014-15

CORPORATES
BRICKWORKS LIMITED – ASX BKW, CIMB SECURITIES INTERNATIONAL (AUSTRALIA) PTY LTD