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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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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The value of Australian homes is soaring as record home buying activity pushes prices higher in a once-in-a-generation housing market boom. The ABS released their latest stats today for the March quarter of this year… yes I know that’s 3 months ago. They report that the total value of Australian housing over the March quarter…

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The number of newly listed homes for sale has predictably fallen over recent weeks as seller interest declines with the onset of the typically quieter winter selling season. The National Newly Listed Homes Index, exclusive to My Housing Market, that tracks newly advertised listings on a daily basis, reveals trend growth has declined by 6.0%…

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Home rental vacancies have continued to fall over May with most capitals now reporting increasing shortages of both houses and units for rent. Although Inner-suburban and CBD unit markets in Melbourne and Sydney continue to record high vacancy rates, the number of advertised vacancies in these areas has declined sharply over the past month —…

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The Brisbane housing market has recorded its strongest start to a year since 2003 with the median house price soaring by 5.6% since February. Booming house prices have been fuelled by record low-interest rates, a reviving post-covid economy, and waves of southern state migrants seeking safety, lifestyle, climate, and more – affordable living. Brisbane City…

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Australia’s post Covid economic recovery remains on track with more positive labour market news over April despite the end of the JobKeeper program. The ABS reported that the national unemployment rate, seasonally adjusted, fell from 5.6% to 5.5% and is now just above the 5.3% recorded over March 2020. The latest data clearly debunked the…

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The Federal Budget has introduced a number of initiatives directly targeting currently booming housing markets. The impact of these new policies on rising buyer imbalances and reduced liveability as a result of surging home prices however is questionable. Capital cities have generally recorded extraordinary home price growth so far this year as pent-up demand surges…

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