The latest ABS unemployment rate seasonally adjusted fell sharply over May down over the month from 5.7 per cent to 5.5 per cent and the lowest monthly rate recorded since March last year. Jobs growth was also strong over May with employment increasing by 42,000
Tight rental markets in most capital cities continue to put strong upward pressure on rents with annual increases now surging ahead of incomes growth.
Home rental vacancy rates general eased over May although conditions remain clearly tough for tenants in most capital city markets.
The Canberra home auction market tracked back from its recent strong results with buyers and sellers predictably distracted by the Queen’s Birthday holiday weekend.
The fading Sydney winter home auction market will pause this Saturday with buyers and sellers generally distracted by the Queen’s Birthday holiday weekend.
The top-performing Melbourne home auction market will pause this Saturday with buyers and sellers generally distracted by the Queen’s Birthday holiday weekend.
May has ended on a positive note for most capital city housing markets with prices continuing to rise although with a wide variation of results.
Auction clearance rates eased over May as sellers rushed to take advantage of still overall strong local market conditions.
The Canberra winter selling season commenced with more positive results for the vibrant and resilient local housing market.
The Sydney winter home auction market officially begins this weekend with a record number of listings as sellers rush to take advantage of the still robust local market conditions.
