Dr Andrew Wilson, Chief Economist of www.MyHousingMarket.com.au is widely regarded as Australia’s leading property economist.
Capital city home auction markets have continued to report generally strong results, although auction numbers declined, reflecting the commencement of school holidays. This weekend’s auction results around Australia: Capital City This Week Last Week Same Week Last Year Auctions Rate Auctions Rate Auctions Rate Sydney 645 77.7% 721 76.0% 707 76.0% Melbourne 712 77.0% 889…
National home prices have surged over June, reflecting the significant impact of RBA interest rate cuts in February and May on affordability and market confidence. The national capital city median house price was up strongly by 1.0% over the June quarter to $1,198,912 compared to the May quarter, according to the latest data from My…
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…
Home building approvals fell again over November, with the underlying trend continuing to decline following the surge recorded in 2021. The ABS reports that building approvals for total private sector dwellings were lower by 10.2% over November compared to the previous month and have now fallen for three consecutive months for the first time since…
