Auction this week
According to Domain, 567 units were auctioned in Sydney this week, with a clearance rate of 44%; Melbourne had 984 units, with a clearance rate of 49%; and Canberra had 61 units at auction, with a clearance rate of 45%. Brisbane had 97 units, with a clearance rate of 45 percent, while Adelaide had 73 sets, with 52 percent.
Last week`s auction
According to CoreLogic, 647 units were auctioned in Sydney last week, with a emptying rate of 45.1%; Melbourne had 912 units at 50.4%; Canberra had 67 units at auction, with a emptying rate of 59.6%; and there were 647 units at auction in Sydney last week, with a emptying rate of 45.1%, compared with 912 in Melbourne and 50.4% in Canberra. Brisbane had 117 units, with a vacancy rate of 28.6 percent, while Adelaide had 72 sets, with a clearance rate of 50.8 percent.
Latest house price changes in Australia
Home prices fell 0.19 percent in Australia`s five capital cities this week, 0.26 percent in Sydney and 0.05 percent in Melbourne.
Home prices fell 3.72 percent between 2018 and October 18, Melbourne down 4.66 percent, followed by Sydney by about 4.48 percent.
Sydney has fallen 6.24% over the past 12 months, Melbourne 4.18%, Brisbane 0.66%, Adelaide 0.73%, and the average price down 4.32%.
The following chart shows the index of house prices in Australia over the past seven years.
Australia`s five capital cities have fallen 4.4 percent since reaching their highs last year. As of October 18, 2018, prices in Sydney were down 6.8 percent, while those in Melbourne were down 4.9 percent.
up-to-date
Home prices in Sydney fell 6.30% in the past year, Melbourne 4.26%, and Perth, the capital of Western Australia, 3.29%, according to CoreLogic RP Data data. The rest of the cities recorded growth, with Brisbane (including the Gold Coast) up 0.59 percent, Adelaide up 0.80 percent, and Australia`s five capital cities negative,-4.36 percent.
