Articles by Andrew Wilson

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Dr Andrew Wilson, of www.MyHousingMarket.com.au is Australia’s leading property economist.


The Debt Bomb myth exploded
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The Debt Bomb myth exploded

The latest housing market scare campaign focuses on questionable analysis of household debt levels. Sharp declines in mortgage rates since 2011 have predictably activated housing markets with prices rising. Higher prices reflect higher mortgages with borrowers taking on more debt as prices rise and enabled by lower mortgage rates allowing purchasers to borrow more with…

Reserve Bank mired in uncertainty as rents rise
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Reserve Bank mired in uncertainty as rents rise

The Reserve Bank now admits that incomes growth in Australia may remain stubbornly stagnant for longer than expected despite recent robust jobs growth and lower unemployment rates.  This really should be no surprise to an increasingly mystified Bank as this conundrum has been challenging other similar developed economies for some time. Full employment and competition…

Auction markets down but not out in 2018
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Auction markets down but not out in 2018

The Australia Day long weekend marks the end of the lengthy summer holiday break period with businesses and schools now resuming at full pace as February suddenly arrives.  Rising activity in recently dormant local housing markets will also emerge and gather momentum through February as buyers and sellers refocus on home choices and activate decisions…

Melbourne, Hobart and Canberra the only capitals with house price growth
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Melbourne, Hobart and Canberra the only capitals with house price growth

Capital city housing markets have generally tracked backwards over the September quarter as the lower interest rate driver of recent years dissipates.  Actions by policymakers to restrict residential investor activity through tighter lending conditions to that group have also acted to weaken prices growth over the last three months.   Domain reports that the national median…

Rental vacancy rates tighten over August
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Rental vacancy rates tighten over August

Home rental vacancy rates have generally tightened over the past month as the usual seasonal impacts recorded over August increased demand for tenancies. The national vacancy rates for houses, units and total homes all fell marginally over August and remain well below that rates recorded over August last year. All capitals reported declines in vacancy…

Home prices keep rising – where’s the bubble?
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Home prices keep rising – where’s the bubble?

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…

Annual home rents surging in most capitals
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Annual home rents surging in most capitals

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…