This week`s auction market
According to Domain, 524 house units were auctioned in Sydney this week, with a clearance rate of 55 percent; Melbourne has 899 house auctions with a clearance rate of 62 percent; Canberra has 58 house auctions with a clearance rate of 64 percent; Brisbane 107 sets, with a clearance rate of 38 percent; and Adelaide 68 units, with a clearance rate of 55 percent.
Last week`s auction market
According to CoreLogic statistics, there were 787 house units in Sydney last week, with a clearance rate of 57.5 percent; Melbourne has 1099 house auctions with a clearance rate of 59.8 percent; Canberra has 80 house auctions with a clearance rate of 77.5 percent; Brisbane 166 sets, with a clearance rate of 46.6 percent; Adelaide 97 sets, with a clearance rate of 57.6 percent.
The latest house price changes in Australia
This week, house prices in Australia`s top five capital cities fell 0.8%. Only Adelaide rose, up 0.05 percent, Sydney down 0.10 percent and Melbourne down 0.6 percent.
Overall house prices fell 0.09%this month as of May 17, with Sydney down 0.16%, Melbourne down 0.06%. Adelaide gained 0.26%.
Prices in Australia`s capital cities fell 1.35 percent in 2018, according to CoreLogic. Sydney fell the most, at 2.25 percent, while Melbourne fell 0.98 percent. Of the five capital cities, only Brisbane was 0.33%.
Melbourne rose 3.6 in the past 12 months, still the largest city in the five largest capital cities, but overall
The following chart shows the price index of Australia over the past seven years.
Prices in Sydney and Melbourne have risen as a whole since their peak in 2010, with Sydney rising 60.7 percent as of May 17, 2018, while Melbourne prices rose 43.7 percent. The average price of Australia`s five capital cities rose 36.7%.
In May 2012, house price increases in Australia`s five capital cities were similar, while Sydney and Melbourne were also at lower levels. From then lows to May 17, 2018, house prices rose 66.9 percent in Sydney, 56.9 percent in Melbourne and an average of 46.6 percent in the five capital cities.
up-to-date
According to the data statistics of CoreLogic RPData, as of May 19, the price of Sydney house has fallen 3.83%in the past year and the capital of Western Australia Perth fell 2.00%;The rest of the cities recorded growth, with Melbourne house prices up 3.11%, Brisbane(including the Golden Coast)up 0.99%, Adelaide up 0.73%, and the five capital cities in Australia rose by an average of 0.81%.
