Archive for category: Market Update

Blockbrief Development Update April 2015

Blockbrief Development Update April 2015

by Michael Radovnikovic on April 22, 2015 It’s a new all-time record in Sydney with an 88.2% clearance rate last Saturday. With activity at an all-time high we thought to focus on other stats and facts. The South Australian development market is changing. Adelaide has had traditionally slower growth and development […]

Reforming NSW’s Local Government

Council amalgamations are clearly a priority with the NSW Government’s Independent Local Government Review Panel (ILGRP). In their report “Future Directions for NSW Local Government – Twenty Essential Steps”, ILGRP sets out key actions that will assist in improving and enhancing the strategic ability and financial capacity of local Councils […]

New York City Development Sites In Ridiculously High Demand

New York City Development Sites In Ridiculously High Demand

According to Crain’s property prices in Manhattan are reaching record highs as developers make crazy bids for development sites. There is a rush that is pushing prices for property – either vacant sites or buildings that can be knocked down – to record levels. Examples include: In early April, Peter Hauspurg had […]

Sydney Residential Development Sites In Highest Demand For Years

Sydney Residential Development Sites In Highest Demand For Years

According to CBRE Residential development opportunities in Sydney are becoming increasingly rare, as the rental squeeze tightens on commercial and industrial properties. CBRE Director of Capital Markets Daniel O’Brien said demand for real estate with redevelopment potential within the City of Sydney local government area was at its highest level […]

US Housing Starts In March Surpass 1 Million

US Housing Starts In March Surpass 1 Million

U.S. housing starts jumped to above a 1 million annual rate in March, the fastest since June 2008. The gain was driven by a surge in apartment construction and showed continued strength in the housing market at the start of the spring buying season. The Commerce Department says that builders […]

Sydney Office Market Back In Demand

Sydney Office Market Back In Demand

The vacancy rate in the Sydney CBD commercial office market has fallen to its lowest level in four years, according to the Property Council of Australia’s latest Office Market Report. The vacancy rate across the CBD fell from 8.1 percent to 7.2 percent in the six months to January 2013, […]

Reserve Bank Interest Rate Announcement March 2013

Reserve Bank Interest Rate Announcement March 2013

At its board meeting this afternoon, the Reserve Bank opted to keep rates on hold. The official interest rate remains at 3 per cent. The move was largely expected after comments from the Reserve Bank Board’s governor, Glenn Stevens, revealed that the board was comfortable with the current rate settings. […]

Zoning Alerts – February 2013

Zoning Alerts – February 2013

Blockbrief’s monthly zoning alerts tracks zoning changes in NSW and Victoria. In February, 9 councils in NSW rezoned land, while 16 councils across Victoria rezoned land.     NSW Local Environmental Plans  In NSW, Local Environmental Plans (LEPs) guide planning decisions for local government areas. Through zoning and development controls, they […]

December Dwelling Finance Commitments Down 2.4%

December Dwelling Finance Commitments Down 2.4%

    Australian Bureau of Statistics data released this week show the total value of dwelling finance commitments (excluding alterations and additions) fell 2.4%* in December to $20.836 billion.  The number of dwelling finance commitments also fell across the nation with a 1.5% fall. There were only two states that […]

Dwelling Approvals Down In December (2012)

Dwelling Approvals Down In December (2012)

Figures released this week by the Australian Bureau of Statistics show that total dwelling approvals fell across the nation by 4.4% in December, after a 3.4% rise in November. The overall fall was fuelled by a 21.8% fall in Tasmania, 12.3% fall in Victoria and 1.2% fall in New South […]