Auction this week
According to Domain, Sydney had 347 homes at auction this week, with a clearance rate of 48%; Melbourne had 483 units, with a clearance rate of 56%; and Canberra had 40 units, with a clearance rate of 67%. Brisbane had 57 units, with a clearance rate of 37%, while Adelaide had 43 sets, with a clearance rate of 56%.
Last week`s auction
According to CoreLogic, 552 units were auctioned in Sydney last week, with a emptying rate of 50.1%; Melbourne had 631 units at 56.1%; Canberra had 57 units at auction, with a clearance rate of 63.0%; Brisbane had 81 units, with a vacancy rate of 42.7 percent, while Adelaide had 59, with a vacancy rate of 54.7 percent.
Latest house price changes in Australia
This week, home prices in Australia`s five capital cities continued to fall by 0.11 percent, Melbourne down as much as 0.20 percent and Sydney down 0.10 percent.
Home prices fell 1.93 percent in 2018, about 2.82 percent in Sydney and 2.04 percent in Melbourne as of July 12.
In the past 12 months, Sydney has fallen by 4.79%; Melbourne`s rise has also fallen to 0.54%.
The following chart shows the index of house prices in Australia over the past seven years.
Prices in Sydney and Melbourne have risen overall since their 2010 highs, rising 59.8% in Sydney as of July 12, 2018, and 42.2% in Melbourne. The average price of Australia`s five capital cities rose 35.9%.
In May 2012, home price increases in Australia`s five capital cities were similar, while Sydney and Melbourne were also at lower levels. From that low to July 12, 2018, house prices rose 66.0 percent in Sydney, 55.3 percent in Melbourne, and 45.7 percent in five capital cities on average.
up-to-date
According to the CoreLogic RP Data, as of July 14, Sydney`s house prices have fallen by 4.89% over the past year, and in Perth, the capital of the Western Australia, by 2.04%; in the rest of the city, the price of Melbourne rose by 0.33%, and the price of Brisbane (including the gold coast) rose by 1.19%, Adelaide was up by 0.80%, with a negative growth of-2.11% in the five capital cities of Australia.
