Auction this week
According to Domain, 495 units were auctioned in Sydney this week, with a clearance rate of 55%; Melbourne had 640 units, with a clearance rate of 59%; and Canberra had 34 units, with a clearance rate of 43%. Brisbane had 62 units, with a clearance rate of 24 percent, while Adelaide had 52 sets, with a clearance rate of 61 percent.
Last week`s auction
According to CoreLogic, 641 units were sold in Sydney last week, with a emptying rate of 50.1%; in Melbourne, 941 units were auctioned at 59.9%; and in Canberra, 51 units were auctioned, with a clearance rate of 65.3%. Brisbane had 112 sets, with a vacancy rate of 41.7%, while Adelaide had 72 sets, with a clearance rate of 65.2%.
Latest house price changes in Australia
Home prices fell 0.15 percent in Australia`s five capital cities this week, 0.21 percent in Sydney and 0.14 percent in Melbourne.
Overall house prices fell 0.24 percent this month as of June 28, with Sydney down 0.28 percent and Melbourne 0.32 percent. Adelaide rose 0.33%.
Home prices fell 1.72 percent in 2018, down about 2.59 percent in Sydney, followed by Melbourne, down 1.73 percent.
But according to the figures for the past 12 months, Sydney has fallen by 4.58%.
The following chart shows the index of house prices in Australia over the past seven years.
Prices in Sydney and Melbourne, which rose 60.2 percent in the year to June 28, 2018 and 42.6 percent in Melbourne, have risen since their peak in 2010. Driving the average price of Australia`s five capital cities up 36.2%.
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 June 28, 2018, house prices rose 66.8% in Sydney, 56.3% in Melbourne, and 46.4% on average in the five capital cities.
The latest, according to CoreLogic RP Data statistics, as of June 30, Sydney home prices fell 4.55% in the past year, Western Australia capital Perth fell 2.06%; The rest of the cities recorded growth, with Melbourne home prices up 1.02 percent, Brisbane (including Gold Coast) up 1.16 percent, Adelaide up 1.07 percent, and Australia`s five capital cities negative,-1.72 percent.
