Research

The influence of mortgage rates on property prices.

Clearance rates bounced to a twelve-month high across the combined capitals and an eleven-month high across the combined regionals, reaching 64.8% and 52.1%, respectively.

The national vacancy rate remains at its lowest point on record in February, at 0.8%. This highlights the competitive nature of Australia’s rental market and has shown no signs of improvement or further deterioration.

Housing affordability discussions typically focus on house prices. However, there are many features factored into a property’s price, and they vary widely throughout Australia. One of these features is block size, which changes significantly depending on location.

After the seasonal rise in December, the national vacancy rate is back at its lowest point on record in January – 0.8%. This emphasises the highly competitive nature of Australia’s rental market, with asking rents at historic highs.

Australia’s 2022 property market will be defined as the year that transitioned into a downturn from a once-in-a-generation property boom.

November saw clearance rates jump to a seven-month high across the combined capitals and a nine-month high in regional Australia. While Melbourne and Canberra were the only cities to record a monthly decline, clearance rates continue to trend lower annually across all cities. 

The national vacancy rate is steady at its lowest point on record in November, 0.8%. This highlights the competitive nature of current rental market conditions, as asking rents are record-breaking.

Auction volumes across the combined capitals increased by 4.8% to 1,974 scheduled for this coming Saturday, the highest volume since June. Auction listings are up in all cities except Sydney and Brisbane.