Australian Property Market Update – ANZ Bank – 28th October 2013

The ANZ Bank has released it’s latest weekly property market update:


  • In trend terms, Daily RP Data indices show home prices continued to rise in the past week in Sydney and Melbourne while prices in Brisbane, Adelaide and Perth were broadly unchanged. Sydney continues to lead the pack with trend home prices up 11.5% y/y followed by Melbourne (+8.1% y/y) and Perth (+6.7% y/y). More modest gains have been recorded in Brisbane (+2.4% y/y) and Adelaide (+1.5% y/y).
  • Auction demand and clearance rates remained solid in both Sydney and Melbourne in the past week. Sydney’s auction market continued to post the strongest clearance rate (81% in the week ending 27 October)while Melbourne’s clearance rate was high at 72.3% on a record 1,614 auctions. Of the other capital cities, Adelaide cleared 68% of auctions (on 103 reported auctions).
  • The number of auction sales has risen sharply with the trend number of cleared auctions at record highs. Auction sales have increased particularly strongly in both Sydney and Melbourne in recent weeks. In trend terms Sydney and Melbourne are clearing around double the number of auctions compared to the same time last year. Elevated clearance rates and strong home price gains are expected to continue to drive solid sales levels in Sydney and Melbourne in the coming weeks.

anz 1 2

anz 3




Subscribe & don’t miss a single episode of Michael Yardney’s podcast

Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.

Need help listening to Michael Yardney’s podcast from your phone or tablet?

We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.


Prefer to subscribe via email?

Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.

Michael Yardney


Michael is a director of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and one of Australia's 50 most influential Thought Leaders. His opinions are regularly featured in the media. Visit

'Australian Property Market Update – ANZ Bank – 28th October 2013' have no comments

Be the first to comment this post!

Would you like to share your thoughts?

Your email address will not be published.


Copyright © Michael Yardney’s Property Investment Update Important Information
Content Marketing by GridConcepts