The recent record boom in new apartment development is showing clear signs of waning generally although results vary significantly between capital city markets.
Market View
Sydney housing affordability best in years
Housing affordability is clearly improving in Sydney although the outlook for first home buyers remains bleak.
Capital city house approvals surge
Capital city house construction levels continue to increase, enhancing overall national new home supply and providing the prospect of rising activity for an underperforming economy.
Migration surge drives housing markets and economies
Net migration is a key short term driver of new housing demand and general housing market activity with latest ABS population data revealing continuing strong results for both Victoria and New South Wales.
Commercial markets rising – good news for economy
Building activity for commercial property markets is showing signs of a revival which if sustained will provide a boost for a flagging national economy.
Weaker year ahead for housing markets
Markets rose over 2016
ABS reports rising house prices
Latest ABS house price data reported mostly positive results for capital city markets over the September quarter. All capitals reported an increase in the established house price index with the exception of Perth and Darwin where prices fell by 1.8 percent and 2.2 percent respectively over the quarter.
Melbourne auction market ends with record bang
The Melbourne weekend auction market has ended the year with yet another strong result for sellers despite an unprecedented end of year deluge of listings.
Sydney auction market ends year on record high
Sydney auction market finishes year on a record high
Spring house prices surge – Sydney and Melbourne still booming
Robust market conditions continue to drive house price growth in most capital cities with Melbourne and Sydney leading the pack with more boom-time results.