Dr Andrew Wilson, Chief Economist of www.MyHousingMarket.com.au is widely regarded as Australia’s leading property economist.
House prices continue to rise with all capitals reporting increases over July compared to the previous month, with annual price growth surging. The national capital city median house price was up by 0.7% over the July quarter to $1,208,603 compared to the June quarter, according to the latest data from My Housing Market. The July…
Capital city home auction markets have ended July with soaring clearance rates now approaching boomtime conditions. This weekend’s auction results around Australia: Capital City This Week Last Week Same Week Last Year Auctions Rate Auctions Rate Auctions Rate Sydney 642 77.4% 515 75.7% 721 74.2% Melbourne 752 78.1% 652 76.4% 870 65.0% Brisbane 177 61.4%…
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…
