Dr Andrew Wilson, Chief Economist of www.MyHousingMarket.com.au is widely regarded as Australia’s leading property economist.
Capital city auction clearance rates were again generally lower over the past week with buyers and sellers distracted by long weekend holidays in most capitals. Capital City This Week Last Week Same Week Last Year Auctions Rate Auctions Rate Auctions Rate Sydney 1278 70.6% 1489 70.3% 870 73.7% Melbourne 596 62.1% 1634 68.3% 495 67.7%…
Booming capital city housing markets have continued to surge over February despite an increase in official interest rates. Overall results however were mixed, with seasonal impacts continuing to subdue notably the Melbourne and Sydney markets. The national capital city median house price increased marginally by 0.1% over the February quarter to $1,281,612 compared to the…
Capital city unit rents generally increased over November with house rents steady overall compared to the previous month. Most capitals continued to report stable house rents over the month with Canberra and Brisbane higher by 0.9% and 0.7% respectively. Hobart house rents fell by 1.3% with Darwin down sharply by 3.6%. Sydney continued to report…
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%…
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…
