property news australia

Capital City auction clearance rates have climbed throughout the past week, despite an increase in the number of auctions held.

Juwai IQI Executive Chairman Georg Chmiel evaluates what the Year of the White Rat could mean for Australia's property industry.

Property industry sentiment across Australia has retreated from its post-federal election bounce to below the historical average, according to the latest ANZ/Property Council Survey for the December 2019 quarter.

CoreLogic's September Home Value Index results saw the national index post the largest monthly gain since March 2017, largely driven by a strong rebound in Sydney and Melbourne where values were up 1.7 per cent over the month. 

All eyes were on the MCG instead of auction gavels last week, resulting in a significant drop in volume for the combined capital cities.

There was another slight increase in auction volumes across the capital cities for the week ending September 15, as clearance rates remained strong.

Sydney has been the standout of the capital city auction markets in the first week of spring, recording a preliminary clearance rate of 83.1 per cent in the latest results from CoreLogic.