Dr Andrew Wilson, Chief Economist of www.MyHousingMarket.com.au is widely regarded as Australia’s leading property economist.
The August RBA rate cut has predictably supported strong winter home auction markets with a number of capitals now reporting 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 636 80.1% 726 77.6% 756 71.9% Melbourne 873 74.8% 722…
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 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…
