Latest ABS residential lending data predictably reported a sharp increase over July reflecting the initial impact of consecutive rate cuts, an easing of lending conditions and rising confidence. Lending for owner-occupiers seasonally adjusted increased by 4.2% over the month – the fastest monthly increase for 5 years. The surge in lending shouldn’t surprise give the…
Articles by Dr. Andrew Wilson
Dr Andrew Wilson, of www.MyHousingMarket.com.au is Australia’s leading property economist.
Home auction markets reported generally solid to strong results for most sellers at the weekend upon resumption of full activity following the previous weekend’s Queens Birthday Holiday break. Sydney and Melbourne continue to record their highest local clearance rates for over a year with Sydney auction clearance rates remarkably surging beyond 70 percent for the…
Auction clearance rates generally fell away at the weekend following the relatively robust results recorded over the previous two weekends. Low auction numbers contributed to weaker clearance rates with both buyers and sellers distracted by the Queens Birthday long weekend holiday. Following this year’s trend, listings were again well below the numbers auctioned over the…
Home auction market buyer activity surged again on Saturday following last weekend’s post-election bounce, with another increase in clearance rates but a sharp decline in listings. Auction listings at the weekend were back to the relatively low levels recorded for most of the year so far with still-wary sellers continuing to avoid the market and…
Our home auction market activity rebounded strongly at the weekend following the end of the lengthy federal election campaign and the re-election of the Morrison government. The significant changes to property taxes as proposed by the Labor Party are clearly off the table which will aid in reviving recently subdued buyer and seller confidence. The…
Election day predictably acted to further subdue already quiet auction markets and although clearance rates were relatively solid overall, intransigently low listing numbers continue to impact all capitals. With the quieter winter selling season now approaching fast, hopes for a consolidated market revival – particularly from sellers, rest optimistically on a spring bounce – but…
A sharp rebound in auction numbers today predictably placed downward pressure on clearance rates with buyers provided with generally their best choice in listings for weeks. Despite the second biggest auction Saturday this year following the previous weekends state election distractions, Sydney produced another sturdy result for sellers with a clearance rate yet again above…
Published results clearance rates recorded this weekend in most capitals continue to give encouragement to the fewer and fewer sellers currently prepared to engage the market. Sydney and Melbourne weekend property auction clearance rates have remained remarkably steady over the autumn selling season so far with the Sydney property market continuing to track above 60%…
The latest ABS residential lending data for January seasonally adjusted confirms that the home buyer strike that impacted housing markets over the latter part of 2018 has continued into 2019. Most states recorded falls in the value of lending to both investors and owner-occupiers excluding refinancing over the month. The exceptions were Victoria where owner-occupied…
The Sydney auction market has commenced autumn with yet another solid clearance rate and is now tracking clearly ahead of the other capital city markets. Sydney’s recorded another result above 60% with the weekend rate remarkably above that recorded over the same weekend last year. The Melbourne auction market reported another mid-50% clearance rate and although…
