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
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…
Capital city housing markets have started the year with mixed results but with overall annual prices growth generally continuing to decline. Hobart and Melbourne have reported the highest growth with February median asking prices for private sale houses increasing by 10.6 per cent and 9.6 per cent respectively compared to February 2016. Other capitals however…
Most Australian capital city housing markets finished the year on the front foot, recording their best results of the year over the December quarter. Quarterly price data, although usually a solid reflection of market dynamics, can however be influenced by volatile, shorter-term factors. These include shifting variables such as interest rate changes, elections, holiday…
Residential vacancy rates remained tight in most capital city markets over January despite the seasonal impacts of the peak holiday season. The national vacancy rate for houses was steady at 2.3 per cent over the month with the unit vacancy rate easing slightly to 2.7 per cent. The house rate is marginally higher than…
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