GENERAL NEWS
AUSTRALIA’S auction markets are awakening from their summer slumber, with nearly 1,400 auctions held over the weekend – nearly 1,000 more than the...
Australia’s housing slowdown continued into the new year, and weakened demand, the potential for interest rate cuts, and increased supply are expected to create a...
Although the prospect of imminent rate cuts could temporarily buoy buyer sentiment, we don’t expect a meaningful rally in the housing market given that affordability...
The past week’s inflation data showed the underlying inflation measure had eased further, within touching distance of the RBA’s target band, and...
However, those gains came on the heels of a protracted slump. As a result, new listings were still around 11% below their previous high in September and 3% below their...
Our ‘time on market’ indicator also tells a similar story. Although it suggests that the housing absorption rate has slowed a touch recently, it is on past form consistent with...
The resulting lift in buyer sentiment could help cushion home sales over the next few months. That said, given our view that the Bank has only limited room to loosen policy...
For sellers and real estate industry professionals, just brace yourself for maybe an underwhelming reaction to the first cash rate reduction and possibly a more subdued upswing from...
Meanwhile, the capital cities recorded a preliminary capital city clearance rate of 65.0% over the weekend, with auction numbers jumping as the school holidays ended and...
That clearance figure is expected to be revised sharply lower after the previous week’s 64.5% preliminary rate came down to 55.6% once all auction numbers were collected...
Melbourne saw 479 auctions, returning an early clearance rate of 65.4%, slightly up from 64.8% the prior week which was revised down to 55.7%...
Sydney’s 461 auctions brought a preliminary clearance rate of 67.5%, a notable rise from the previous week’s 59.5% that was finalised at 54.2%...
Across the smaller capitals, Brisbane hosted the most auctions with 161 for a preliminary clearance rate of 58.7%, while 156 homes were auctioned in Adelaide, with 61.7% selling so...