Market Snapshot 19 Apr - 26 Apr
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National
National Auction Clearance Rates
Latest Weekend Auction
Fastest Growing Suburbs in Australia
| Rank |
Suburb |
Median Price* |
Trend |
| 1 |
Alkimos, WA |
$480,000 |
+68%
|
| 2 |
Bellamack, NT |
$395,000 |
+67%
|
| 3 |
Artarmon, NSW |
$1,450,000 |
+59%
|
| 4 |
Birchgrove, NSW |
$1,645,000 |
+38%
|
| 5 |
Spring Hill, QLD |
$710,000 |
+38%
|
| Rank |
Suburb |
Median Price* |
Trend |
| 1 |
Parap, NT |
$580,000 |
+53%
|
| 2 |
Milsons Point, NSW |
$1,325,000 |
+47%
|
| 3 |
Malvern East, VIC |
$533,000 |
+35%
|
| 4 |
Hunters Hill, NSW |
$790,000 |
+32%
|
| 5 |
Merrimac, QLD |
$387,000 |
+29%
|
Sydney
Sydney Auction Clearance Rates
Fastest Growing Suburbs in Sydney
Melbourne
Melbourne Auction Clearance Rates
Fastest Growing Suburbs in Melbourne
| Rank |
Suburb |
Median Price* |
Trend |
| 1 |
Elsternwick |
$1,282,000 |
+26%
|
| 2 |
Surrey Hills |
$1,255,000 |
+26%
|
| 3 |
Balwyn North |
$1,238,000 |
+25%
|
| 4 |
Kew East |
$1,231,000 |
+23%
|
| 5 |
Hawthorn |
$1,255,000 |
+21%
|
Brisbane
Brisbane Auction Clearance Rates
Fastest Growing Suburbs in Brisbane
Adelaide
Adelaide Auction Clearance Rates
Fastest Growing Suburbs in Adelaide
Median Property Trends for Australian Properties
Over the last five years, Melbourne has been the standout performer among the major capital cities for house price growth, with prices increasing almost 30 per cent in just 15 months. Perth was the worst performing city, with the median house price unchanged in five years – which is largely a hangover from a resources fuelled boom in prices in the early 2000’s. Sydney also experienced an extended period of price stagnation, although prices did rebound strongly after the GFC induced downturn.
In the last 18 months, higher interest rates and a winding back of first home buyer stimulus has resulted in moderate price falls in all markets. Nationally, house prices have declined five per cent, while apartment prices have fallen almost three per cent.
Sydney is still the most expensive city in Australia, with both the highest median house and apartment price, and also boasts 66% of suburbs with a median price in excess of $1 million.
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In The News
Video
The RBA, as widely expected, has decided at its final meeting for 2013 to again leave official interest rates on hold.
Article
Dr Andrew Wilson
Sydney clearance rates down again on another holiday weekend
Article
Dr Andrew Wilson
Melbourne market continues to fade over the holiday weekend
Article
Andrew Wilson
House price growth fades
Article
Dr Andrew Wilson
More patchy results as local capitals rebalance