The Sydney home auction market continues to weaken under the twin impacts of record June listings and the onset of the typically quieter winter selling season.
The June weekend home auction market ends this Saturday and although activity has predictably faded over recent weeks, the Melbourne market remains positive for most sellers
The onset of winter typically means a quieter auction market in Melbourne and this year is proving no different.
Canberra home auction market results continue to ease from the strong results recorded over autumn as the seasonal impact of the typically quieter winter selling season emerges
The hot Melbourne home auction market will resume at full strength this weekend following last Saturdays pause in activity for the Queen’s Birthday long weekend holiday.
The Sydney auction market will resume at record winter pace this weekend after last Saturday’s relative pause for the Queens Birthday long weekend.
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 February 2013. 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.