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 buying activity has surged over the past week with the clear prospect of strong market conditions continuing into the autumn selling season – and beyond. Latest data from My Housing Market reveals that the number of national newly reported homes sales over the week ending February 7 surged by 17.2% compared to the previous…

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Generally, robust housing market conditions have motivated a rush of sellers keen to take advantage of the currently strong buyer appetite for property. The latest data from My Housing Market reveals that the number of national capital city established homes newly advertised for sale over the week ending February 7 surged by 11.5% compared to…

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Latest home building approval numbers have predictably surged off the back of the federal government’s Home Builder scheme – the first phase of which expired at the end of December. The ABS reports that national private sector home building approvals seasonally adjusted increased by 11.5% over December to new record highs. Dwelling approvals were also…

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The ABS reported a sharp increase in dwellings approved over November compared to October. Capital city building approvals increased by 19.7% to 11,781 – the highest monthly result since May. November’s sharp increase however reflected the previous months low result of 9840 dwelling approvals – the lowest since January. Surging unit approvals were a major…

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ABS owner-occupied home loan activity seasonally adjusted increased for the sixth consecutive month over November, reflecting the general housing market revival over the second half of 2019. Owner-occupiers have clearly driven the recent surge in home buyer activity in most markets with investors still relatively subdued. The value of lending for owner-occupied dwellings increased by…

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Latest ABS residential lending data predictably reported a sharp increase over July reflecting the initial impact of consecutive rate cuts, an easing of lending conditions and rising confidence. Lending for owner-occupiers seasonally adjusted increased by 4.2% over the month – the fastest monthly increase for 5 years. The surge in lending shouldn’t surprise give the…

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Home auction markets reported generally solid to strong results for most sellers at the weekend upon resumption of full activity following the previous weekend’s Queens Birthday Holiday break. Sydney and Melbourne continue to record their highest local clearance rates for over a year with Sydney auction clearance rates remarkably surging beyond 70 percent for the…

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Auction clearance rates generally fell away at the weekend following the relatively robust results recorded over the previous two weekends. Low auction numbers contributed to weaker clearance rates with both buyers and sellers distracted by the Queens Birthday long weekend holiday. Following this year’s trend, listings were again well below the numbers auctioned over the…

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