Pete Wargent blogspot

PERSONAL/BUSINESS COACH | PROPERTY BUYER | ANALYST

'Must-read, must-follow, one of the best analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for accurate & in-depth analysis' - David Scutt, Markets & Economics Editor, Sydney Morning Herald.

'I've been investing 40 years & still learn new concepts from Pete; one of the best commentators...and not just a theorist!' - Michael Yardney, Amazon #1 bestseller.

Monday 23 September 2019

Auctions steady

Steady as she goes

I used to diligently keep a detailed data series of property auctions and median prices for houses and units, but it hardly seems worth it these days.

Shane Oliver of AMP rolls out a series of charts every Saturday night within hours of the results being reported (I'd like to say I'm normally out doing something more interesting, but that would be a fib). 

Auction results were steadier this week, with a decline in Sydney's preliminary clearance rate, although Melbourne recorded strong results.


Source: Shane Oliver, AMP

Volumes are still low and transaction levels are very muted, so it wouldn't be a surprise if the annual growth in hosing credit plumbs new record lows.