Home prices rebound in Sydney and Melbourne | ANZ Bank

This week’s ANZ Property Market Update discusses what’s happening in our auction markets and includes some interesting graphs and stats.

Here’s what they had to say:

Home prices rebound in Sydney and Melbourne | ANZ Bank

  • Despite consumer confidence remaining only moderately higher than the recent post-Budget lows, home prices increased strongly in Sydney, Melbourne and Brisbane in the past week. In seasonally adjusted terms, home prices increased sharply in Melbourne, while Sydney, Brisbane and Adelaide posted softer price growth. In annualised trend terms, Melbourne and Sydney home prices increased at 8.3% and 11.5% respectively in the past week.
  • Auction sales eased lower in the past week as auction markets continued to slow through winter. Nonetheless, auction sales remain elevated for this time of year, with higher prices and solid clearance rates encouraging home vendors to list properties for auction.
  • Auction clearance rates remained elevated in Sydney, Melbourne and Adelaide on lower auction sales in the past week, reflecting strong home buyer demand. In original terms, Sydney’s clearance rate was a strong 76%, followed by 67% in Melbourne and 62% in Adelaide.

Home prices rebound in Sydney and Melbourne | ANZ Bank

Home prices rebound in Sydney and Melbourne | ANZ Bank

Home prices rebound in Sydney and Melbourne | ANZ Bank


Subscribe & don’t miss a single episode of Michael Yardney’s podcast

Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.

Need help listening to Michael Yardney’s podcast from your phone or tablet?

We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.


Prefer to subscribe via email?

Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.

Michael Yardney


Michael is a director of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and one of Australia's 50 most influential Thought Leaders. His opinions are regularly featured in the media. Visit Metropole.com.au

'Home prices rebound in Sydney and Melbourne | ANZ Bank' have 1 comment


    July 14, 2014 Michael Correll

    In Manila, Philippines there appears to be a permanent construction boom of apartment complexes. One doesn’t see that level of activity in Sydney. Maybe in Melbourne,I don’t know. And of course people have to live some where. Thus prices will rise in Sydney.
    Overseas investors too find Australia favourable, far away from the turbulence of USA and Europe. The ECB is engaging in its own money printing..


Would you like to share your thoughts?

Your email address will not be published.


Copyright © Michael Yardney’s Property Investment Update Important Information
Content Marketing by GridConcepts