Dr Andrew Wilson, Chief Economist of www.MyHousingMarket.com.au is widely regarded as Australia’s leading property economist.
The November auction market has commenced with generally higher clearance rates despite most capitals reporting a surge in weekly listings. This weekend’s auction results around Australia: Capital City This Week Last Week Same Week Last Year Auctions Rate Auctions Rate Auctions Rate Sydney 1483 74.1% 1231 75.1% 1407 64.5% Melbourne 597 73.8% 1762 69.4% 603…
Lower interest rates continue to activate capital city housing markets generally with monthly prices growth for both houses and units accelerating over October. The national capital city median house price surged by 1.6% over the October quarter to $1,253,522 compared to the September quarter, according to the latest data from My Housing Market. The October…
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…
