# WILSON WEEKLY Ep 141 | The Spring Sprint: Regional Markets, Migration Shifts & Record Auctions

An episode of [Money Mentor Podcast™](https://invisiblenetwork.ai/podcast/1632604767), 16 Oct 2025, 31 min.

Audio: https://episode.flightcast.com/aqype7a51gxi3c7bl49u7lka.mp3

Australia’s housing market is in full sprint this spring, and the numbers don’t lie. In this week’s Wilson Weekly episode, Rachel Howlett and leading property economist Dr. Andrew Wilson unpack the latest data driving the nation’s property pulse, from booming regional markets like Wagga Wagga and Albury to the migration shifts reshaping demand across Queensland, Victoria, and beyond. They explore: • The strongest-performing regional markets and what’s driving their growth • Why affordability and work from home trends are reshaping migration patterns • Auction clearance rates soaring through spring and what that means for buyers and sellers • The rise of Queensland as Australia’s property powerhouse • Early indicators for the Reserve Bank’s next big move It’s a data packed, clickbait free deep dive for anyone wanting to stay ahead in the property game. Discover our new tool: What's My Rental Home Yield? Money Mentor YouTube Channel: @moneymentorau Link to Dr. Andrew Wilson on LinkedIn: / dr-andrew. If you enjoyed our podcast, make sure you follow and subscribe to stay up to date with the latest episodes.

## Transcript

[0:00] Welcome back to Wilson Weekly on the Money Mentor Podcast.
[0:03] This is your front row seat to what's really happening in the Australian property market.
[0:09] I'm Rachel Howlett, your finance strategist, joined as always by Australia's leading property economist, Dr. Andrew Wilson.
[0:16] This week, we're diving into some juicy data from the booming regional markets to shifting migration patterns and
[0:22] And those still smoking auction results.
[0:25] Doc, I have to say, some of these numbers look more like a spring sprint than a steady jog.
[0:32] Yeah, we're sprinting all right, Rachel, but the finish line is not in sight, as we can certainly see at the moment.
[0:39] Halfway through the spring selling season, right exactly halfway through the spring selling season.
[0:45] And this is the meaty part.
[0:47] We'll talk about it a bit more when we get to the latest auction data, but this is the meaty part.
[0:51] So we've got all the football final stuff behind us.
[0:54] We've got all the public holidays that happen in October behind us and November here in Melbourne.
[1:00] And so we're really focusing now up until Melbourne Cup Day when we then enter to the last phase of the auction season.
[1:10] And of course, it's important Melbourne Cup Day this year as it is every year because the Reserve Bank will be meeting.
[1:17] And they've got some decisions to make, which have become a little bit more cloudy, but we'll talk about that later.
[1:22] later on.
[1:23] But yeah, lots of data today.
[1:25] We always get asked, you know, because we do focus on the capital city, Rachel, you know, sort of at lower levels, what's happening.
[1:31] Of course, we have the marvellous Infinity My Housing Market app that allows you to look at every suburb in Australia to find out what's happening.
[1:38] But look, we do get a lot of questions in regard to regional activity.
[1:42] And so we like to put that in as frequently as we can.
[1:46] Of course, we have the latest data today on the major regions in the States, and that's the September data for house prices.
[1:53] And some very interesting results too, Rachel.
[1:57] Not just the usual trends that we have been seeing, but trends are starting to change.
[2:02] That will be very interesting.
[2:04] Of course, every week we bring this wonderful podcast so you can make informed decisions.
[2:10] That's what it's all about.
[2:10] No clickbait.
[2:11] Clickbait free zone here, Rachel.
[2:14] This is about, you know...
[2:17] solid insights into what's happening in the housing market so you can make informed decisions as a buyer or as a seller.
[2:25] So it's news you can use.
[2:26] So let's get started with all the good news.
[2:29] My housing market is my brand act as an independent commentator and data provider.
[2:34] In conjunction every week, we bring this podcast to you all about the current state and future prospects of your housing market in conjunction with the good folks at Infinity.
[2:44] So let's get going, Rachel.
[2:46] Enough of the talk.
[2:47] um let's uh look at the data it is the week to wednesday october the 15th of course uh uh 31 days in october so 15 equals the midpoint of october and of course that's the midpoint of spring even though the spring selling season does keep going till the end of the year which is the week before christmas but uh
[3:06] More or less, we are in the middle of the spring selling season, as I said, in more ways than one, because we're now free from diversions, at least for the next couple of weeks until we get into that Melbourne Cup period.
[3:21] Okay, so this week, September regional house prices, the latest population data, which is sort of interesting to Rachel, and also, as usual, the latest weekly auction results.
[3:32] So...
[3:34] Big drum roll here, the top regional markets for September.
[3:37] So this is the September quarter data and it's annual data.
[3:42] So it shows you how our regions are performing.
[3:45] So let's start with New South Wales.
[3:47] These are the major local government areas in terms of size.
[3:51] That's how we select these 10 regions.
[3:54] particular regions, the top 10 by size local government areas.
[3:59] They're big enough to give us quite robust results.
[4:01] Of course, there are a lot of local government areas in New South Wales and some of those smaller ones
[4:07] because there's not a lot of observations.
[4:09] Sales can tend to be volatile.
[4:12] But the larger ones certainly have enough activity to produce reliable results, and they do produce reliable results.
[4:20] So interesting, Rachel, the top two are two of the most affordable.
[4:26] In fact, they are the most affordable local government areas in New South Wales of the top 10.
[4:32] Aubrey and Wagga Wagga with median house prices in the mid 600s.
[4:37] Wooden Sydneyside has killed to see a median in the mid 600s.
[4:42] And they've shown the strongest growth over the year to September, both up similarly by 13.6% for Wagga Wagga and 13.8%.
[4:53] for Albury.
[4:54] It keeps on keeping on.
[4:55] Median house price in Newcastle, now over a million dollars, up by nearly 12% over the past year, of course.
[5:03] Newcastle is New South Wales' largest regional centre and certainly has been quite a vibrant housing market for quite some time, that Newcastle market.
[5:16] I wouldn't say it's sort of like the central coast to Sydney because it's further out.
[5:21] So it is a real regional market per se, but certainly it's a market that has evolved strongly over the last 10 years.
[5:29] You probably wouldn't remember, Rachel, but Newcastle used to be a hub of mining activity in terms of coal.
[5:35] There used to be coal loaders, big coal ships lining up.
[5:40] stretching right across the horizon when she went to Newcastle.
[5:43] But that all stopped, even though the Hunter Valley is still very productive in terms of coal output.
[5:49] But there were predictions there that Newcastle would collapse because of the lack of the reducing demand for coal and the impact it had on the coal industry.
[6:00] But it's just kept on keeping on.
[6:02] In fact, central Newcastle is a really tremendous hub for higher density development now.
[6:09] And that's sort of spread its way right through the whole of the city.
[6:13] So Newcastle, strong result, 11.9%.
[6:17] No surprise that the Tweed continues to show strong growth compared to the other main regionals, up by 8.7%.
[6:25] Of course, the Tweed is adjacent to the Gold Coast, Rachel, and all that Gold Coast energy.
[6:33] is working its way down to the tweet.
[6:37] It's also interesting when we look at the underperformers there that the areas particularly...
[6:46] and we'll sort of ignore Coffs Harbour this week but in terms of this scenario but the region south of Sydney the south coastal areas of Sydney Shell Harbour and Shoalhaven continue to be sort of a little weaker in terms of the overall results but as we always say when we look at the regional centres typically they reflect the energy of the main capital city market we know Sydney's
[7:10] Having a good year, another good year for the Sydney housing market will likely improve on its results over the past two years in terms of prices growth.
[7:20] And when we average out those growth levels over the year to September, they sort of come around about what we'd expect Sydney to be or what Sydney is currently.
[7:29] growing at the market but i do think it's interesting those southern regions rachel are the underperformers but no surprise the more affordable areas are pushing are having prices pushed up and the areas adjacent to southeast queensland are also performing well
[7:47] This is the really interesting stuff, Rachel, when we move to the Victorian local government areas.
[7:53] These are the major local government areas in Victoria.
[7:56] And as we've seen for a couple of years now, they've been really quite subdued in terms of prices growing following what's been happening in Melbourne, right?
[8:05] Which is what I just said.
[8:06] But surprise, surprise, maybe not.
[8:09] Here comes the regional markets in Victoria, right?
[8:12] All the regional markets in Victoria, the major regional markets in Victoria, recorded prices growth over the past year.
[8:19] Now we haven't seen that for some time, Rachel, which just is another indication of rising confidence, not just in the Melbourne market, which we do know has been occurring for the last few months at least, but also in those regional markets now.
[8:33] They're picking up confidence.
[8:35] Lower interest rates, of course, are helping drive that.
[8:38] And maybe there's a little bit of a lag between the impact of lower rates and what happens in regional centres.
[8:44] But very interesting there that the Victorian regions are on the move now, Rachel.
[8:51] So, you know, there's no...
[8:54] There's no discrimination in terms of lower interest rates and higher prices all the way through the regional areas.
[9:01] And of course, let's run to Queensland.
[9:02] And this really does prove the point in terms of picking up the capital city energy.
[9:08] And Queensland's just been producing these remarkable results right up the eastern seaboard.
[9:13] of the major LGAs and most of them are on the eastern seaboard.
[9:18] Leading the pack, Townsville, GWS Townsville used to be really dragging the chain in terms of prices growth.
[9:25] They had a lengthy period of subdued activity, but it's making up for that now and not too far behind Cairns all of a sudden, Rachel.
[9:34] So strong results there.
[9:36] For Townsville, Toowoomba keeps on keeping on.
[9:39] Another South East Queensland market up by 20% over the past year.
[9:43] And all markets are higher by 10%.
[9:47] And we can sort of count Noosa at 9.9% as a 10% annual growth market.
[9:52] So that's just remarkable stuff, Rachel, that all that energy continues to flow into Queensland markets.
[9:59] um tasmania um strong growth in glenalky launceston and clarence but hobart's just starting to look a little bit of an underperformer now not just for the this is the local government area of hobart not just for the local government area but the the whole capital city area of hobart has just been moving the other way which is pretty usual for hobart in terms of housing market activity while everybody else is growing um but certainly it's a hobart centric uh um
[10:27] outcome at the moment with the LGA Hobart down 2.7% and the other major local government areas in Tasmania all recording growth.
[10:38] And the Darwin market is a booming market at the moment, very strong results for the capital city, Darwin.
[10:45] After a couple of years of really again subdued growth, Darwin is now making up for lost time.
[10:52] Palmerston up 23.8%, local government area of Palmerston over the year to September, and the local government area of Darwin up 12.9%.
[11:00] So all those that have been, you know, I guess...
[11:05] Concerned about over the years about the growth in Darwin, particularly over the past three or four years, can be feeling a lot better about these results, Rachel.
[11:13] So some very positive results and some, you know, some changes in the trends there, particularly of the Victorian market, which I think is very interesting, and also the Northern Territory, when we're really talking about Darwin there, is now really back in town and making up for some lost time.
[11:32] Yeah, they are absolutely phenomenal results in those regional areas.
[11:36] And with Sunshine Coast, Gold Coast and Cairns all above 13%, do you think the sea change trend is evolving into more of a permanent population shift rather than a pandemic era fad?
[11:50] Yeah, that's a really interesting question, Rachel.
[11:53] I mean, obviously lower interest rates are helping, but at this level there's more than that involved.
[11:59] Also recovery, and I've already spoken about Townsville, you know, it's really an affordable, well, it was an affordable market in a relative sense.
[12:08] So, you know, locals are thinking, well, gee, you know, lower interest rates, we know prices have been low for a while or lower for a while.
[12:15] So they take advantage of those lower rates and improved affordability with subdued prices growth.
[12:21] We know South East Queensland's just been a roaring market for a couple of years now.
[12:27] But are we seeing, I'm not so sure we're seeing maybe interstaters, but maybe there's a little bit of a movement from that red-hot southeast Queensland market up the coast, if you know what I mean.
[12:39] And out west, you know, Toowoomba, I guess, and as we've seen with the latest house price data, Brisbane is now a more expensive city than Melbourne, right?
[12:49] or it's got a higher median price.
[12:52] And Adelaide and Perth are sort of closing in on Melbourne as well, even though Melbourne's picking up.
[12:57] There's no doubt about that.
[12:58] So maybe that's that affordability scenarios that are pushing the Brisbane, south-east Queensland buyers at looking at a sea change, at looking at more affordable areas.
[13:08] Of course, we are living in the area of work from home mostly.
[13:12] And I guess if you had your choice, why wouldn't you, particularly given the...
[13:19] affordability advantages that those coastal regions, particularly as well as lifestyle advantages.
[13:25] And as I said, maybe if you can work from home, well, it's the perfect world in a sense, getting out of that red hot market or certainly cashing in perhaps on what a high value
[13:35] South East Queensland markets and moving upwards.
[13:37] So I'm not sure it's a sort of an interstate surge, but perhaps it's an intra-state, you know, movement from the lower parts of Queensland up to the higher parts where it's still more affordable.
[13:50] But despite these remarkable figures, you know, 10% to 20% growth in just about every year
[13:58] In fact, the worst there is Noosa, which has had some very strong growth up and down.
[14:02] And it is the smallest regional market there.
[14:04] And it's still grown by 9.9% over the year to September.
[14:09] But you can almost say that about the Newcastle market too.
[14:12] Like you said, they thought it would bust.
[14:15] And it's really gone in the opposite direction where it's now become a little mini Sydney.
[14:19] That's right.
[14:20] And it's a very big area in Newcastle now.
[14:23] Yeah.
[14:23] And it's still a vibrant economy.
[14:26] And as I said, the interesting thing about that is that it's not, we don't have the same energy south of Sydney.
[14:32] So it also has to be chasing the sun in a sense, not that it's not sunny, you know, in Shalhaven and Shellhut, but, you know, it's interesting that not quite the same energy as you move further north, you know,
[14:45] You know, not just the temperature heats up, but also house prices heat up as well.
[14:51] So it's a very interesting results there.
[14:53] And we like to bring those regional results as often as we can, Rachel, because we all live in regions, don't we, basically?
[15:00] I mean, it's just moving down the food chain from our capital city markets.
[15:04] So we also have this week some latest migration news to look at.
[15:10] And migration data sort of moves slowly in a way because we're talking about large numbers coming in and out.
[15:16] It was only the pause, the hiccup that we had during COVID that changed that sort of migration scenario as we locked our borders, not just international borders, but interstate borders.
[15:27] And that didn't have a big effect on our housing markets in terms of the change in international numbers, but it certainly did in interstate activity because we did see a surge out of the southern states into Queensland, trying to avoid those severe lockdowns.
[15:45] And that did create part of the catalyst for very strong price and rent growth in those southeast Queensland markets.
[15:51] But we are now starting to see an ease in migration, Rachel.
[15:55] You can see there the gold line is the Queensland migration pattern, and this is net migration.
[16:00] So it includes interstate and international migration.
[16:05] So that's net, which means it's the difference between people coming in and the people leaving.
[16:11] Big falls that we saw during COVID in New South Wales and Victoria because our international activity was halted in terms of migration.
[16:21] But Queensland really kept moving through, even though the numbers were reduced, they were still positive, and that was because of that surge in interstate migration.
[16:30] But we have seen a tapering off of net migration recently, Rachel.
[16:36] The government has announced that.
[16:37] that it is curtailing migration, particularly student migration, over concerns that we don't have infrastructure levels, particularly housing, to continue to provide balanced markets in the face of high levels of migration.
[16:53] So certainly that trend takes some pressure off our housing markets particularly, but these numbers are still very strong.
[17:05] And I think we've seen some impacts from that reduction, particularly in student numbers in the rental market.
[17:14] Rachel, but I think we still have that steady pipeline of demand for housing coming through.
[17:21] But yeah, look, a reduction in those migration numbers, which is probably sort of good news for looking for certainly more balance between supply and demand in our housing markets.
[17:34] As usual, New South Wales has been leading the pack in terms of net international migration.
[17:39] A bit unusual because usually that's Victoria, is the most popular destination for international migrants in terms of the net position.
[17:47] That's those coming in and those leaving.
[17:50] But Victoria is starting to catch up with New South Wales.
[17:53] A lot of the New South Wales demand over the past couple of years has been post-COVID expats returning.
[17:59] And that's helped to put a floor under the Sydney housing market, particularly prestige markets.
[18:04] But I would expect to see Victoria sooner rather than later overtake New South Wales as the key destination for international migrants, net international migrants.
[18:14] And that, of course, will mean...
[18:16] more demand for housing.
[18:18] As usual, Rachel, Queensland leads the charge in terms of net interstate migration, about the same number as the ones that are leaving New South Wales.
[18:27] So the net loss for New South Wales, as usual, down in the mid-20s and the net gain for Queensland, as usual, in the mid-20s but as a positive.
[18:38] Victoria just started to lose a little bit, which was interesting.
[18:42] because it's been picking up in terms of net interstate migration.
[18:45] Of course, this is measuring the difference between those coming in and those leaving the state.
[18:50] And this is the annual position to the March quarter this year, which is the latest data.
[18:57] Of course, Rachel, what this does mean is, you know, that there's more demand for housing in Queensland, of course, net migration, another 25,000 over the past year.
[19:09] They've got to find somewhere to live, Rachel.
[19:11] And as we were discussing last week, Queensland are now building fewer homes this year than they did, or certainly fewer houses this year than they did last year.
[19:22] And even though they've picked up a bit with units, those units aren't going to be, you know, liveable.
[19:27] if you understand what I mean, for a couple of years.
[19:30] So some interesting data there on migration.
[19:34] But Queensland still continues to win that internal tug of war.
[19:38] How sustainable is this flow north, especially with that housing supply still lagging?
[19:43] Yeah, this is a really interesting question, Rachel.
[19:46] If you look at the data, we can't find a year where Queensland actually was at a net loss for interstate migration.
[19:54] I mean, going back years and years and years, decades, it's always been positive.
[20:01] And in fact, of course, we had near record levels through that COVID period where a lot of Southerners did decide that they wanted to, perhaps a safe haven perception of move to Queensland.
[20:12] And we've seen the results in terms of higher prices and rents.
[20:16] But if anything, Rachel, this is now a little lower than what the usual number is for Queensland.
[20:24] So even though it's a good number and around about where we've been for a while, it's actually not accelerating.
[20:30] Queensland actually takes usually over the longer term anyway, more than this in terms of a net gain.
[20:37] So maybe that does mean a little bit more balance.
[20:41] given that we're building fewer homes in Queensland now, in Brisbane anyway.
[20:47] But yeah, but still there's 25,000 people there who have got to find a roof over their heads.
[20:55] And this is net, remember, so it doesn't mean that one's leaving and there's a house for those coming in, but no, this is net gain.
[21:06] So again, it's just more fuel for what is one of Australia's, if not Australia's, top performing capital city housing markets.
[21:19] So we're going to look at the latest weekly auction results right in the middle of spring selling season.
[21:23] Full speed last week because we had no holidays to distract us, which we've had really, I think we had public holidays in every state except Victoria, who had won the week before.
[21:34] in the first week of August for various reasons.
[21:38] But the markets still continue to perform well, even though we had a surge in listings because we didn't have those distractions.
[21:46] We'll have more listings coming through, as we always do in the middle of spring, Rachel.
[21:50] So there's lots of choices there for buyers, more choices for buyers coming into the market.
[21:55] But most buyers are sellers and sellers are buyers, as you know.
[21:59] but that'll present obviously with more stock challenges to those high clearance rates, which really have jumped every hurdle put in front of them this year and continue to do so over a very robust spring selling season.
[22:14] So these are the numbers, Rachel, 1189 auctions in Sydney, double what we saw, nearly double anyway, what we saw the week before, which was
[22:21] the Labor Day long weekend in New South Wales.
[22:24] Clearance rate, very similar to the week before, really top clearance rate here, 76.4%.
[22:30] If you're a seller, it means high chances of getting your property moved under the hammer every week and well ahead of where it was a year ago, which was in the mid-60s, and Sydney continues to track in the mid to high 70s.
[22:43] Melbourne, another big surge in auctions in Melbourne, even though it's...
[22:47] It wasn't coming from a pause the week before, as the other markets were.
[22:52] 1188 auctions in Melbourne continues to produce strong results.
[22:56] Melbourne, 75% clearance rate and nearly 15% Rachel higher than the same week last year.
[23:04] Brisbane picked up a bit after a slightly down week the week before, but we know anything over 50% is a positive result for that Brisbane market because it has a different auction culture than the other capitals.
[23:16] Same numbers in Canberra and, sorry, in Adelaide in terms of auctions.
[23:20] But a lower clearance rate in Adelaide, which is a little unusual there because that Adelaide market, unusual in the sense of the trend, because the Adelaide market has for weeks now been tracking at or above 80%, which is above where it was a year ago.
[23:35] But we need to wait.
[23:37] for perhaps the next couple of weeks to see if that trend is consolidated.
[23:41] Big rise in Canberra following its public holiday pause last week.
[23:45] And another good result there for that Canberra market, which has clearly been a reviving market.
[23:51] It's been above 70% the last few weeks, Rachel, which for Canberra has been, when we look at a year ago, 57%.
[23:57] So it's 10% higher, even with that lower clearance rate last week.
[24:02] than where it was a year ago.
[24:03] And we've called a revival in that Canberra market.
[24:06] And I would expect to see, with our next data coming through, higher prices in Canberra reflecting those significantly higher clearance rates.
[24:14] And we can see when we look at the trends in each of the capital city markets, how they've picked up with those interest rate cuts through the year.
[24:20] Sydney just consistently above 70 and now into the mid-70s.
[24:24] That Melbourne market well ahead of where it was a year ago.
[24:29] And it too has been a very consistent mid-70s market for most of the last six months, certainly revived market.
[24:37] Brisbane also picked up with lower interest rates, just a little bit lower as we've seen over the last two weeks.
[24:44] But again, we await the next few weeks to see if that trend consolidates.
[24:48] Similar story for everyone.
[24:49] Adelaide, which was getting back to its 80% energy that it had for the early part of last year, but just slid down a little bit over the last couple of weeks, but still a strong result there for sellers at 79%.
[25:04] And there's that reviving Canberra market, which, as I said, we would expect to see
[25:08] Higher prices coming through as a result of that.
[25:10] If you're looking for the latest auction results, Rachel, you can get onto my LinkedIn site, Andrew Wilson at LinkedIn every Saturday night, around about 6 o'clock.
[25:19] There we go.
[25:20] All the latest snapshot results from our capital cities over the week, hot off the press.
[25:26] Then you get the full national report on Sundays at around 9 o'clock, which includes
[25:31] the regional breakdowns for Melbourne and Sydney, as well as the top 10 sales under the hammer over the week.
[25:37] So you can get that at the LinkedIn site, Doc Andrew Wilson at LinkedIn.
[25:42] And as we always say, Rachel, fantastic forward indicator of what's happening generally in housing markets are those auction results.
[25:49] If you've missed the latest auction weekly report, there is a QR code.
[25:54] You can scan that and it will get your PDF copy automatically.
[25:57] of the latest national weekly auction result.
[26:00] So we're just going to finish off quickly now, Rachel, with the biggest giveaway in housing, the My Housing Market Infinity Suburb Data app.
[26:09] That gives you the asking prices and rents for every suburb in Australia that has data.
[26:15] There is the QR code.
[26:17] And you can scan that to get your link or just click on the hot link there on the slide.
[26:25] But if you want to get access, you've got to ask the good folks at Infinity for the password.
[26:31] Yes.
[26:31] Okay.
[26:32] But gee whiz, it's well worth having, Rachel.
[26:34] As I know, you're never off it.
[26:36] You know, you're always on that link.
[26:37] Yeah.
[26:38] But why wouldn't you be, you know?
[26:40] But anyway, going forward, this is what we have.
[26:44] And this is updated daily, the data for the asking prices and the asking rents nationally.
[26:51] So it's telling you what agents and vendors are pitching in the marketplace right as we speak.
[26:58] So it gives you a great insight into suburb-level data.
[27:01] So you can filter for either price or rent.
[27:03] You can filter for the capital city region or the outside capital city region.
[27:07] We're looking at here at a four bedroom house in Blacktown.
[27:11] You can also filter for townhouse or unit.
[27:14] And as I said, you can see there, you can see you can filter for the number of bedrooms.
[27:18] It's not just the median asking price that we provide.
[27:22] It's also the high and the low.
[27:23] So, you know, the boundaries, what people are asking for.
[27:26] for their properties in that suburb at the moment and the number of properties that are for sale.
[27:31] And we can do exactly the same thing for the rental market, as you can see the results there.
[27:36] And we've also got a slide there for investors, some insights for investors, which is the top 10 yields, suburb yields,
[27:45] currently and of course these are gross yields so they measure the aggregated that is the annual asking rent divided into the current asking price so it gives you a sense of what yields are and that's the return on investment as well as giving you the current vacancy rate the number of properties for rent and for sale if you click on those hot links it even takes you to a map of that particular suburb how good is that rachel
[28:10] Next week, the September labour market.
[28:13] Interesting data now coming through because this is what the Reserve Bank will be looking at when it starts thinking about interest rates.
[28:20] This is the last labour market data we get before the next RBA meeting.
[28:27] There were some sort of so-so signs in the last data.
[28:31] So let's keep our eye on that.
[28:33] It's going to be a very interesting result, particularly in terms of how the Reserve Bank is thinking about.
[28:38] about interest rates.
[28:41] We know the US has reduced interest rates recently because of its concern over the labour market.
[28:46] Australia's labour market has been consistently strong for quite a while now, but we need to wait and see these latest results as Reserve Bank will be focusing on that.
[28:56] The latest house building costs.
[28:58] which are very important on the supply side of the equation, which we keep mentioning is struggling in Australia being an undersupplied housing market and not alone there.
[29:09] Most other advanced economies are there.
[29:11] And as usual, the last weekly auction results, as I said, right in the middle of the year,
[29:17] of the spring selling season and the weekend or the week after next rachel will be our final super saturday for the year in terms of auctions so that'll work its way week after next into our auction results so vendors will have their most choices just about for the year in terms of property so uh interesting results coming up uh if you've missed the report there is a qr code you can scan that and you'll get a pdf copy of
[29:43] the report so great to be with you again today rachel uh i'm in sunny melbourne i know you're in as usual sunny winkland uh so uh let the sun keep shining which it certainly has been doing on our housing markets all year and congratulations to all those first home buyers who are taking advantage of the government's grant because what a great feeling it is to finally get into your own home rachel
[30:07] Yeah, you'll never have that feeling again.
[30:09] Well, Doc, thank you as always for the insights.
[30:13] And to our listeners, stay smart, stay curious, and remember, knowledge keeps you in the game.
[30:18] You've been listening to Wilson Weekly with Dr. Andrew Wilson and me, Rachel Howlett.
[30:23] Don't forget to follow for your weekly data drop and a few cheeky pearls of property wisdom.
[30:28] We will see you next week.

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