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National Auction Clearance Rates
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Fastest Growing Suburbs in Australia
||Surry Hills, NSW
||Milsons Point, NSW
||Crows Nest, NSW
Sydney Auction Clearance Rates
Fastest Growing Suburbs in Sydney
Melbourne Auction Clearance Rates
Fastest Growing Suburbs in Melbourne
Brisbane Auction Clearance Rates
Fastest Growing Suburbs in Brisbane
Adelaide Auction Clearance Rates
Fastest Growing Suburbs in Adelaide
Median Property Trends for Australian Properties
Over the last five years, Melbourne has been the standout performer among the major capital cities for house price growth, with prices increasing almost 30 per cent in just 15 months. Perth was the worst performing city, with the median house price unchanged in five years – which is largely a hangover from a resources fuelled boom in prices in the early 2000’s. Sydney also experienced an extended period of price stagnation, although prices did rebound strongly after the GFC induced downturn.
In the last 18 months, higher interest rates and a winding back of first home buyer stimulus has resulted in moderate price falls in all markets. Nationally, house prices have declined five per cent, while apartment prices have fallen almost three per cent.
Sydney is still the most expensive city in Australia, with both the highest median house and apartment price, and also boasts 66% of suburbs with a median price in excess of $1 million.
About Australian Property Monitors (APM)
Australian Property Monitors is a leading national supplier of property price information to banks, real estate agents, property developers, government agencies, media organisations and consumers. APM has been providing property price information services since 1989. Our range of products and services will help you make better informed decisions about property values and the property market