Auction this week
According to Domain, Sydney had 814 homes at auction this week, with a clearance rate of 45% and 918 units at auction, or 43%, while Cann Canberra had 86 units at auction, with a clearance rate of 46% and Brisbane 115 units and a clearance rate of 40%. Adelaide81 sets, clearance rate of 62%.
Last week`s auction
Last week, 875 units were sold in Sydney, accounting for 42.8 percent, according to CoreLogic, 1401 in Melbourne, 41.3 percent in Melbourne, and 48.5 percent in Canberra. Brisbane had 182 units, with a vacancy rate of 34.9 percent, while Adelaide had 114 sets, with a clearance rate of 59.0 percent.
Latest house price changes in Australia
Home prices in Australia`s five capital cities all fell this week, sending prices down 0.27 percent as a whole, with Sydney falling as much as 0.31 percent and Melbourne down 0.38 percent.
Home prices have fallen 0.62% in Australia this month, 0.91% in Sydney and 0.59% in Melbourne.
Home prices in Australia`s five largest cities fell 4.82 percent on average as of November 22, 2018, while Sydney and Melbourne led the decline with 6.71 percent and 5.26 percent, respectively.
Home prices in Australia`s five capital cities have fallen 5.4 percent in the past 12 months, while Sydney led the decline with 7.8 percent. Only Adelaide market rose 1.6%.
The following chart shows the index of house prices in Australia over the past seven years.
Home prices have fallen 5.3% over the entire cycle from the previous high to now.
up-to-date
Home prices in Sydney fell 7.87% in the past year, Melbourne 5.52%, and Perth, the capital of Western Australia, 4.02%, according to CoreLogic RP Data data. The rest of the cities recorded growth, with Brisbane (including the Gold Coast) up 0.25 percent, Adelaide up 1.58 percent, and Australia`s five capital cities negative,-5.46 percent.
