Housing Market Indicators Stabilising | ANZ Research

Home prices have remained predominately unchanged in the past week, the ANZ Bank reports.

The report indicates that auction clearance rates are becoming more stable, which is a good indicator for home price growth.

Here’s what they said:

Home prices remained broadly unchanged in the past week, with Brisbane and Perth the only capital cities to post positive price growth in seasonally adjusted terms.

In trend terms price growth continued to soften in the week, with momentum pointing to moderation in home price growth in 2015.

See last week’s Economic Insight – Australia for a more detailed 2015 housing market outlook.

Looking through the weekly volatility, home price momentum is divergent across capital cities.

In trend terms price growth is positive in Sydney, Melbourne and Brisbane, while prices are moderately lower in Adelaide and Perth.

The depth of home buyer demand is holding up well on strong auction levels, with auction clearance rates reflecting buoyant home buyer sentiment.

Auction sales and price data in recent weeks reflect strong underlying housing demand and softer price growth expectations.

Looking ahead, auction clearance rates have stabilised around 68-69%, pointing to steady home price growth in the coming months.








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

'Housing Market Indicators Stabilising | ANZ Research' have no comments

Be the first to comment this post!

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