Auction this week
According to Domain, 743 units were auctioned in Sydney this week, with a clearance rate of 64 percent; Melbourne, with 72 percent, and Canberra, with 35 units, with a clearance rate of 76 percent. Brisbane had 91 units, with a clearance rate of 57 percent, while Adelaide had 58 sets, with a vacancy rate of 73 percent.
Last week`s auction
According to CoreLogic, 1088 units were sold in Sydney last week, with a emptying rate of 62.4%; in Melbourne, 1524 units were auctioned, accounting for 66.5%; and Canberra had 112units at auction, with a emptying rate of 66.7%. Brisbane had 152 units, with a vacancy rate of 48.5 percent, while Adelaide had 115, with a vacancy rate of 62.3 percent.
Latest house price changes in Australia
In Australia`s five capital cities, with the exception of Brisbane up 0.09 percent and Perth up 0.06 percent, home prices fell by an average of 0.07 percent this week. Sydney fell as much as 0.13 percent, while Melbourne fell 0.07 percent.
By March 8, 2018, home prices in Australia`s capital cities had fallen 0.84 percent, according to CoreLogic. Sydney continues to decline, down 1.59% this year.
Melbourne has become the biggest capital city in the past 12 months, rising 6.38 percent, pushing the five capital cities up an average of 1.57 percent.
The following chart shows the index of house prices in Australia over the past seven years.
Prices in Sydney and Melbourne, which rose 61.8 percent in the year to March 8, 2018 and 44.7 percent in Melbourne, have risen since their peak in 2010. The average price of Australia`s five capital cities rose 37.4%.
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 March 8, 2017, house prices rose 68.1 percent in Sydney, 58.0 percent in Melbourne, and 47.3 percent in five capital cities on average.
up-to-date
According to CoreLogic RP > Data, home prices in Sydney fell 1.16% in the past year, prices in Melbourne rose 6.44%, and Brisbane (including the Gold Coast) rose 1.87% in the past year, according to statistics from Sydney > Data. Adelaide rose 2.03 percent, with the exception of Perth, the capital of Western Australia, down 2.68 percent, while the rest recorded growth, up an average of 1.52 percent.
