Articles by Dr. Andrew Wilson

Dr Andrew Wilson, Chief Economist of www.MyHousingMarket.com.au is widely regarded as Australia’s leading property economist.


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Home loan activity has continued its recent decline as falling affordability driven by booming house prices increasingly constrains buyers. The ABS data reveals that the total value of home loans seasonally adjusted fell by 1.1% over July which follows similar declines over June. Although home lending has fallen over recent months, activity remains at near…

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Declining vacancies and higher rents continued to characterise capital city rental markets over July, with increased Covid restrictions set to again disrupt activity. House rents have soared over the past year with the exception of Melbourne where an exodus of Covid refugees may have acted to reduce demand for tenancies. Increased demand for larger premises…

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National housing markets are cooling rapidly as lockdown restrictions and wavering confidence sideline buyers and sellers in most capitals. My Housing Market reports that the number of homes newly listed for sale nationally has crashed over the past week as concerns over a protracted shutdown have potential sellers increasingly taking a wait-and-see approach to the…

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Investors continue to re-engage our housing markets after a lengthy period of underperformance and are driving overall residential lending to new record heights. Latest ABS data reveals that the value of total home lending seasonally adjusted increased by 4.9% over May to yet another record high of $37.89 billion. The May increase was the highest…

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Do you think Australia’s share market is booming. Well think again! Sure Australias sharemarket has finished the 2020-21 financial year on a high, with the All Ords reporting a record year of growth — up by 25.6% This strong sharemarket recovery over the past year reflects the resilience of the Australian economy that has been…

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Capital city rental markets continued to tighten over June with vacancy rates remaining at generally low levels — and still falling. Low vacancy rates are predictably translating into higher rents with current trends indicating the little prospect of easing over the foreseeable future. House rents have increased sharply over the past year in Brisbane, Adelaide,…

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Building approvals for houses have surged over the past year fuelled by the Federal Government’s HomeBuilder initiative. 136,107 private sector approvals were reported by the ABS over the year ending April 2021 – an increase of 31.1% on the previous year. Total residential new building approvals – inclusive of houses, units, and townhouses, were however…

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Well…whatever happened to the “Cliff”? Despite relentless predictions of higher unemployment rates to follow the end of Jobkeeper in March, Australia’s jobless rate continues to defy the “experts”. The ABS reports that the national unemployment rate seasonally adjusted plunged to just 5.1% over May and is now lower than the pre-covid rate of 5.2%. Employment…

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