Auction this week
According to Domain, Sydney had 681 homes at auction this week, with a clearance rate of 41%.
Melbourne has 996 home auctions, with a clearance rate of 48%;
Canberra has 89 home auctions, with a clearance rate of 41%;
Brisbane111 sleeve, the emptying rate is 36%;
Adelaide72 sets, with a clearance rate of 55%.
Last week`s auction
Last week, 813 units were auctioned in Sydney, accounting for 42.6%, according to CoreLogic, Melbourne with 45.7%, and Canberra with 44.4%. Brisbane has 159 units, with a clearance rate of 30.0 percent, while Adelaide has 138 sets, with a clearance rate of 50.8 percent.
Latest house price changes in Australia
Three of Australia`s five capital cities fell this week, sending home prices down 0.14 percent on average, 0.27 percent in Sydney and 0.07 percent in Melbourne.
Home prices in Australia`s five capital cities fell 4.37 percent on average as of November 8, 2018, while Sydney and Melbourne led the decline with 6.12 percent and 4.79 percent, respectively.
In the past 12 months, home prices have fallen by 5.0% throughout the cycle.
The following chart shows the index of house prices in Australia over the past seven years.
Sydney`s home price has fallen 8.4% since its last high. Perth, on the other hand, fell 14.3%.
up-to-date
Home prices in Sydney fell 7.46% in the past year, Melbourne 4.92%, and Perth, the capital of Western Australia, 3.69%, according to CoreLogic RP Data data. The rest of the cities recorded growth, with Brisbane (including the Gold Coast) up 0.35 percent, Adelaide up 1.58 percent, and Australia`s five capital cities negative,-5.08 percent.
