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.
