Auction this week
According to Domain, 643 units were auctioned in Sydney this week, with a clearance rate of 44%; Melbourne had 165 units at 42%; and Canberra had 95 units, with a clearance rate of 44%. Brisbane had 119 units, with a clearance rate of 31 percent, while Adelaide had 87 sets, with a clearance rate of 54 percent.
Last week`s auction
Last week, 798 units were sold in Sydney, accounting for 45.3%, according to CoreLogic, 1709 in Melbourne, 48.6% in Melbourne, and 50.0% in Canberra. Brisbane 151, with a vacancy rate of 30.1 percent, and Adelaide, 133, with 57.6 percent.
Latest house price changes in Australia
In October, home prices fell 0.63 percent in Australia`s five capital cities, 0.85 percent in Melbourne and 0.68 percent in Sydney.
That has been the 13th consecutive month of declines in prices in Australia`s five capital cities, which fell 4.5 percent throughout the cycle.
Home prices in Australia fell 1.6% in the final quarter of 2018. Only Adelaide slightly rose 0.1%, Brisbane flat, and the rest of the cities fell in varying degrees.
Overall home prices have fallen 3.95 percent since 2018, Melbourne down 5.01 percent, followed by Sydney by about 4.70 percent.
The following chart shows the index of house prices in Australia over the past seven years.
up-to-date
Prices of Sydney homes fell 7.45% in the past year, prices fell 4.73%, and Perth, the capital of Western Australia, fell 3.37%, according to CoreLogic RP Data data. The rest of the cities were up 0.26 percent in, Brisbane (, Gold Coast) up 0.26 percent, Adelaide up 1.81 percent, and Australia`s five capital cities negative,-5.0 percent.
