Dr Andrew Wilson, Chief Economist of www.MyHousingMarket.com.au is widely regarded as Australia’s leading property economist.
The spring auction market has concluded with clearance rates steady despite a flood of auctions over the final week of November. This weekend’s auction results around Australia: Capital City This Week Last Week Same Week Last Year Auctions Rate Auctions Rate Auctions Rate Sydney 1517 69.4% 1405 69.1% 1345 68.0% Melbourne 1597 69.7% 1308 68.0%…
Capital city rental markets have reported generally tightening rental markets over October with vacancy rates falling in most capitals reflecting rising seasonal demand. Most capitals however again recorded steady house rents over October compared to the previous month, however rents were higher in Darwin by 2.0% with Adelaide and Hobart house rents falling by 0.4%…
Lower interest rates continue to activate capital city housing markets generally with monthly prices growth for both houses and units accelerating over October. The national capital city median house price surged by 1.6% over the October quarter to $1,253,522 compared to the September quarter, according to the latest data from My Housing Market. The October…
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…
