admin-ajax.php

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.

TABLE 1 ANZ
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.

 

TABLE 2 ANZ

TABLE 3 ANZ

 

TABLE 4 ANZ

TABLE 5 ANZ



icon-podcast-large

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.

icon-email-large

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.


Avatar for Property Update

About

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 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Your email address will not be published.
CAPTCHA Image

*

facebook
twitter
google
0
linkedin
0
email

Michael's Daily Insights

Join Michael Yardney's inner circle of daily subscribers.

NOTE: this daily service is a different subscription to our weekly newsletter so...

REGISTER NOW

Subscribe!