Property Market Review as of 27/02/2023: Clearance rates remain strong despite continuous rate hikes
The property market defies the odds as early clearance rates across the combined capital cities remain strong despite continuous rate hikes.
Property Market Review as of 20/02/2023: Clearance rate rebounds to 70.8% with Sydney leading the successful auctions
Preliminary clearance rates bounced back to 70.8% across the combined capital cities as Sydney led the success with 78% of the homes sold.
Property Market Review as of 13/02/2023: RBA’s rate hike pulls preliminary clearance rates down
As the RBA tightens monetary policy and warns of further rate hikes, preliminary clearance rates fell by -2.2% across the combined capital cities.
Property Market Review as of 08/02/2023: Auction activity ramps up while housing downturn eases
Auction activity ramps up as over 1,300 homes go under the hammer this week while the housing downturn eases in January across the combined capitals.
Property Market Review as of 30/01/2023: Auction market slowly jumps as house prices continue to fall
Auction activities slowly jump as house prices continue to fall with 706 homes taken to auction across the combined capital cities.
Property Market Review as of 23/01/2023: House and unit values dropped in more than half of the suburb markets
House and unit values dropped in more than half of the suburb markets in the December quarter as high interest rates and inflation bite consumers.
Property Market Review as of 16/01/2023: Australian home values hit the sharpest decline ever
Aggressive rate hikes and high inflation bite the market as national housing values hit the sharpest decline of -8.40% after peaking in May 2022.
Property Market Review as of 20/12/2022: Capital city auction activities slow down on the final weekend of 2022
Continuous interest rate hikes and surging inflation slow down auction activities across capital cities on the final weekend of 2022.
Property Market Review as of 12/12/2022: Clearance rates fail despite recording the busiest auction week since late May
Combined capital cities fail the big weekend as early clearance rates drop despite recording the busiest auction week since late May.
Property Market Review as of 05/12/2022: Combined capital cities continue the streak with the busiest auction week since mid-June
This week tops last week as the combined capitals held the busiest auction week since mid-June with 2,506 homes while home values declined by -1.0%.
