Dr Andrew Wilson is Australia’s leading housing market expert. As senior economist for Fairfax-owned Domain Group, Dr Wilson is one of the nation’s most respected real estate analysts and Australia’s highest profile housing market commentator. Visit his blog at Domain
Rental vacancy rates remain tight in most capitals with continued strong competition among tenants for available homes likely to keep upward pressure on rents. Latest vacancy rates for July revealed that results in Melbourne and Sydney for both houses and units were steady over the month at 1.4 per cent and 2.1 per cent for…
Residential investors have clearly shrugged off recent attempts by policymakers and banks to restrict activity from this group through higher mortgage rates and generally tighter lending conditions. The latest ABS data reports that the original value of loans approved for residential investors over June increased sharply by 4.9 per cent over the month to $14.87…
House prices in most capital cities have continued to rise into winter although the rate of growth has generally moderated as the recent driving force of last year’s interest rate cuts eases. National house price higher but growth rate sliding The national median house price increased by 1.7 percent over the June quarter to a…
Tight rental markets in most capital cities continue to put strong upward pressure on rents with annual increases now surging ahead of incomes growth. Latest Domain data reports that Canberra, Melbourne and Sydney have clearly recorded the highest annual growth rates with May quarter median weekly asking house rents increasing by 6.4 per cent, 5.0…
Home rental vacancy rates general eased over May although conditions remain clearly tough for tenants in most capital city markets. The national capital city vacancy rate was steady for houses at 2.1 per cent over the month with units easing to 2.2 per cent for an overall result for total homes of 2.2 per cent….
Capital city rental markets remain tough for tenants with generally tight and tightening vacancy rates reflecting overall chronic shortages of accommodation. All capitals reported vacancy rates for houses below 2.0 per cent over April with the exception of the mining capitals of Brisbane, Darwin and Perth. The Darwin and Perth rental markets are however now…
Residential investor activity continues to surge despite policy initiatives from APRA the financial regulator that have led to higher interest rates and restrictive lending from banks designed to curtail market share from this group. Latest ABS data reports that national lending to residential investors soared over March, increasing sharply by 27.1 per cent to $13.87bn….
Most capitals city housing markets have commenced 2017 with more strong results as house price growth continues to be fuelled by record low interest rates and generally heady confidence. National house price up but growth rate slows The national median house price increased by 2.2 percent over the March quarter to a new record high…
House rents still increasing for most capitals House rents have continued to rise in 2017 with rental markets in most capital cities tightening and providing no relief for tenants. Most capital cities recorded increases in house rents over the quarter with Hobart reporting the highest growth rate of 5.7 per cent to a new record…
Residential rents have soared over February and vacancy rates are tightening despite surging investor activity. Latest Domain Group data reveals that most capital cities recorded increases in house rents over the year ending February. Hobart house rents sharply by 8.8 per cent annually followed by Sydney up 5.8 per cent, Canberra 5.3 per cent and…
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