Articles by Dr. Andrew Wilson

Dr. Andrew Wilson

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


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Election day predictably acted to further subdue already quiet auction markets and although clearance rates were relatively solid overall, intransigently low listing numbers continue to impact all capitals. With the quieter winter selling season now approaching fast, hopes for a consolidated market revival – particularly from sellers, rest optimistically on a spring bounce – but…

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A sharp rebound in auction numbers today predictably placed downward pressure on clearance rates with buyers provided with generally their best choice in listings for weeks. Despite the second biggest auction Saturday this year following the previous weekends state election distractions, Sydney produced another sturdy result for sellers with a clearance rate yet again above…

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Published results clearance rates recorded this weekend in most capitals continue to give encouragement to the fewer and fewer sellers currently prepared to engage the market. Sydney and Melbourne weekend property auction clearance rates have remained remarkably steady over the autumn selling season so far with the Sydney property market continuing to track above 60%…

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The latest ABS residential lending data for January seasonally adjusted confirms that the home buyer strike that impacted housing markets over the latter part of 2018 has continued into 2019.  Most states recorded falls in the value of lending to both investors and owner-occupiers excluding refinancing over the month. The exceptions were Victoria where owner-occupied…

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 This weekend’s auction clearance rates produced some encouraging early season results for sellers with signs that the market gloom and negativity widely predicted for the start of this year may have been oversold. Although rates remain lower than the same weekend last year, they are nonetheless well above the record lows recorded by both Melbourne…

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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…

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Melbourne unit prices continue to rise debunking recent nonsense heralding the spectre of a local market apartment glut. Latest My Housing Market data reveals the median price for published Melbourne unit auctions surged by 8.5% over the March qtr compared to the same period last year. Melbourne recorded a median unit auction price of $635,000…

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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…

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