Auction this week
According to Domain, Sydney had 711 homes at auction this week, with a clearance rate of 46% and 1151 units at auction, and 45% with 96 units at auction, 44% at the Brisbane102 units and 57% at 57%, according to data from the Sydney, according to data from the Brisbane, a total of 711 homes sold this week, with a clearance rate of 46%, compared with 1151 at the auction, and 45% at the Canberra auction. Adelaide80 sets, with a clearance rate of 65%.
Last week`s auction
Last week, 844 units were sold in Sydney, accounting for 42.1 percent, according to CoreLogic, 1127 in Melbourne, 46.2 percent in Melbourne, and 40.2 percent in Canberra. Brisbane had 139 units, with a vacancy rate of 33.6 percent, while Adelaide had 123, with a vacancy rate of 46.2 percent.
Latest house price changes in Australia
Home prices in Australia`s five capital cities all fell this week, causing the overall decline of 0.21 percent, with Sydney down 0.32 percent and Melbourne 0.11 percent.
Home prices in Australia`s five capital cities fell 4.57 percent on average as of Nov. 15, 2018, while Sydney and Melbourne led the decline with 6.42 percent and 4.90 percent, respectively.
Home prices in Australia`s five capital cities have fallen 5.2 percent in the past 12 months, while Sydney led the decline with 7.8 percent. Only Adelaide market showed a 1.5% rise.
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 7.77% in the past year, Melbourne 5.10%, and Perth, the capital of Western Australia, 3.86%, according to CoreLogic RP Data data. The rest of the cities recorded growth, with Brisbane (including the Gold Coast) up 0.20 percent, Adelaide up 1.54 percent, and Australia`s five largest capitals negative growth,-5.30 percent.
