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Category Archives: Sydney
Industrial markets: Eastern Creek NSW
The industrial market in Eastern Creek, in the western suburbs of Sydney, has been struggling in the past year but showing signs of improvement, with the number of sales continuing at normal levels. Attached below is our market guide to … Continue reading
Posted in Australian real estate, Industrial real estate, NSW, Sydney
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Housing market stabilising says rpdata
The housing market is showing signs of stabilising says rpdata, as reported by the Property Council (see link) Tim Lawless reported Sydney values up 1.1% over the past quarter “on a more granular basis” i.e. smoothing out their daily series, … Continue reading
NSW Land Tax system criticised
The NSW Land Tax system is under fire this morning in an article in todays SMH, particularly the valuations for high end properties, which are reported as achieving significant reductions on appeal. “Figures compiled by the NSW Valuer General for … Continue reading
Sydney industrial market
Despite the NSW economy having stalled in the past year, demand for Sydney industrial properties has strengthened considerably with the number of sales transactions up dramatically on 2010, returning to more normal levels. However rents and values are mostly unchanged … Continue reading
Sydney lower price home sales weaker?
Lower value house sales are reported weaker in Sydney following the withdrawal of stamp duty concessions for first home buyers. In an article in todays AFR it was reported that, in the first home buyer market, prices went up in … Continue reading
Posted in Australian real estate, Sydney
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Prime retail rents fall
Retail rents in some prime shopping centres fell last year, according to CBRE. In Sydney, Pitt Street Mall rents fell 6.2% to $7,560 in the last quarter of 2011 despite centre upgrades, and fell 1.4% in nearby streets. CBRE also … Continue reading
Posted in Australian real estate, Melbourne, Retail trade, Sydney
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Sydney auction clearance rate up
Sydney house auctions showed an improvement last week in the clearance rate. This from SMH: “The clearance rate for the first weekend of the autumn home auction season in Sydney was strong but it is still too early to gauge … Continue reading
Posted in Australian real estate, Sydney
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NSW State economic overview
Attached is our summary of the NSW State economy, which is currently suffering low growth levels by comparison with other States. 112 NSW Economic Snapshot Feb 2012
RpData-Rismark residential price figures need caution
The RpData-Rismark median house price figures for December have been issued today, but we are hesitant to accept them at face value. Firstly, they have revised the November figures, and significantly so. Perth, for example, was reported last month as … Continue reading
More residential development sites for Sydney
The NSW State Government has announced a procedure to by-pass council planning procedures, whereby a developer can apply to the State directly for rezoning of suitable land, in a bid to get more land available for residential development, according to … Continue reading
Posted in Australian real estate, NSW, Sydney
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