Articles by Andrew Wilson

Andrew Wilson

Dr Andrew Wilson is Australia’s leading housing market expert. As senior economist for Fairfax-owned Domain Group, Dr Wilson is one of the nation’s most respected real estate analysts and Australia’s highest profile housing market commentator. Visit his blog at Domain

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Believe it or not- Sydney housing affordability best in years

Housing affordability is clearly improving in Sydney although the outlook for first home buyers remains bleak. Sydney’s property owners have enjoyed another positive year overall for prices growth although results have been typically mixed between regions, price ranges and dwelling types. The key driver of the surge in Sydney house prices over recent years has…

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Here’s what’s happening to new house construction and what it means

Capital city house construction levels continue to increase, enhancing overall national new home supply and providing the prospect of rising activity for an underperforming economy. Latest ABS data reports that the number of capital city building approvals for houses increased by 5.0 percent over November to 6,818 and was also up by 4.3 percent compared…

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This is what is really driving our housing markets

It’s the surge in migration that drives our housing markets and economies. Net migration is a key short term driver of new housing demand and general housing market activity with latest ABS population data revealing continuing strong results for both Victoria and New South Wales. The sum of net overseas and net interstate migration for each…

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2017 Property Market Forecasts

There is a weaker year ahead for our housing markets. Australian capital city housing markets have generally ended 2016 on a positive note with lower interest rates and resurgent investor activity supporting rising buyer and seller activity over the second half of the year. Sydney and Melbourne remain the standout performers driven by surging migration,…

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Sydney and Melbourne still booming as spring house prices surge

Robust market conditions continue to drive house price growth in most capital cities with Melbourne and Sydney leading the pack with more boom-time results.  Latest Domain market intelligence reports that the national median house price increased by 3.7 percent over the three months ending November to a new record spring high of $774,799. The national…