Dr Andrew Wilson, Chief Economist of www.MyHousingMarket.com.au is widely regarded as Australia’s leading property economist.
Auction markets have continued to report generally positive results, despite the distractions of the King’s Birthday holiday weekend, which is celebrated in most markets. Melbourne continues to exhibit clear signs of a revival, recording the highest clearance rate of all the capitals over the past week. This weekend’s auction results around Australia: Capital City This…
National home prices have increased again over May as another monthly fall in RBA interest rates enhances rising affordability and confidence. The national capital city median house price was up by 0.6% over the May quarter to $1,184,459 compared to the April quarter, according to the latest data from My Housing Market. National house…
Capital city home rental markets reported varied results over the first month of spring with vacancy rates continuing to tighten following the mid-year easing. House rents however were generally lower again with mixed rental growth for units. Most capitals again reported lower house rents over September with the exception of volatile Darwin with an increase…
Home building approvals fell again over November, with the underlying trend continuing to decline following the surge recorded in 2021. The ABS reports that building approvals for total private sector dwellings were lower by 10.2% over November compared to the previous month and have now fallen for three consecutive months for the first time since…
