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Market View
Rocketing rents spell more bad news for tenants
House rents increase in most capitals
Stronger commercial property performance to bolster economy
Planned building activity for commercial property markets has strengthened providing the clear prospect for much-needed rising economic activity through 2017.
Consistent Melbourne auction market good news for sellers
The Melbourne home auction market recorded a remarkably consistent year over 2016 with sellers clearly advantaged by strong competition for property that was maintained throughout the spring selling season to years end.
Sydney auction market lower but still good for sellers
The Sydney home auction market eased slightly over December as seller activity increased although solid competition amongst buyers remained a driving force for market activity.
Apartment supply now on the slide
The recent record boom in new apartment development is showing clear signs of waning generally although results vary significantly between capital city markets.
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.