Quick Take

There are 2356 scheduled auctions across Sydney, Melbourne, Brisbane, Adelaide and Canberra this Saturday.

Vacancy rates across the capitals largely declined in October, except in Hobart and Melbourne. Melbourne’s vacancy rate continues to accelerate to record highs.

Allhomes is passionate about supporting and participating in our community by assisting local organisations and we are proud to announce our summer sponsorship of the Canberra Cavalry.

Vacant rental listings continue to rise in Melbourne, while all other capitals maintain their downward trend from the April peak.

Domain analysis comparing the difference between house price growth and wage growth reveals most capital cities, except Canberra and Hobart, have seen wage growth outstrip house price growth over the pandemic-affected June 2020 quarter.

Before the pandemic, my office space was mine to spread out in and be left to my own devices.

Melbourne’s stricter stage four lockdown has disrupted the rental market, with estimated vacant rental listings surging by nearly 21 per cent over the month, and a staggering 141 per cent higher compared to last year.

Most rental markets tightened in July, with fewer available rental listings suggesting landlords of holiday lets are converting back to short-term leasing. The further easing of COVID-19-related restrictions across the country will have fuelled the fall in rental supply in all capital cities, except Melbourne.