Dr Andrew Wilson, Chief Economist of www.MyHousingMarket.com.au is widely regarded as Australia’s leading property economist.
Auction numbers have surged over the early weeks of spring, with strong clearance rates remaining steady despite more choices for buyers. This weekend’s auction results around Australia: Capital City This Week Last Week Same Week Last Year Auctions Rate Auctions Rate Auctions Rate Sydney 989 77.1% 966 79.7% 908 69.2% Melbourne 1184 73.4% 1076 74.4%…
The widely anticipated decision by the RBA to cut official interest rates over August has added to momentum in already robust housing markets, with most capitals again reporting higher house prices over the August quarter compared to the previous July quarter. The national capital city median house price increased by 0.9% over the August quarter…
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…
