# WILSON WEEKLY 132 | House Prices Rise Everywhere Over July

An episode of [Money Mentor Podcast™](https://invisiblenetwork.ai/podcast/1632604767), 7 Aug 2025, 36 min.

Audio: https://episode.flightcast.com/ytoq85erd9ie2x9rokzj2ugr.mp3

Join Infinity's Rachael Howlett and Dr. Andrew Wilson for the latest Australian housing market data. This weekly property market update is presented to you by Infinity in conjunction with Australia's leading independent Chief Economist, Dr. Andrew Wilson of My Housing Market. 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] Talk about today's dollars and inflationary dollars.
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[0:25] Welcome to this week's episode of Wilson Weekly on the Money Mentor Podcast, the only place where we get our dose of property wisdom without needing a translator or glass of red.
[0:35] I'm Rach, your host here with the man whose data drops harder than a TikTok trend, Dr. Andrew Wilson.
[0:42] Hello.
[0:44] Yeah, great stuff, Rachel.
[0:45] Hello.
[0:45] Great to be here, of course.
[0:47] And we're now in the first week of August.
[0:50] Happy August to everybody.
[0:51] Happy end of winter, I suppose we should say.
[0:55] and I'm in Sydney this week, which is good in a way.
[0:57] I've been here for a few weeks, and it's a lovely sunny day, and it was 21 degrees in Sydney yesterday, so it has spring sprung.
[1:04] I think it's on its way, but apparently it's going to rain like hell for the next week or so.
[1:10] But that's the story, isn't it?
[1:11] There's always that little bit of a tease at the beginning of August, but eventually we will start to get those warmer temperatures and those brighter days, but certainly bright days in the housing market at the moment.
[1:22] Unequivocally strong results again.
[1:24] Over the past week, we'll look at the latest auction stats, as we always do.
[1:31] And we've got some important data.
[1:32] Well, every week we have important data, don't we, Rachel?
[1:36] And that's the latest house price and unit price data for July.
[1:42] So first with the latest here, of course, and I'm no surprise that it's been another strong month for house and unit prices.
[1:51] Not quite as strong as the month before,
[1:53] But I think we're quibbling, really, splitting hairs.
[1:56] It was a very positive performance.
[2:00] So without further ado, shall we get going, Rachel?
[2:04] Let's do it.
[2:05] Let's do it.
[2:06] Okay.
[2:06] So this is the week ending Wednesday, August the 6th, first week of August.
[2:11] As I said, we'll now count down to spring.
[2:14] And I think the spring selling season has already started.
[2:19] And I think we've actually haven't even really had a winter selling season.
[2:23] lots and lots of buyers up and about, certainly fewer sellers, but we see that because it's holidays and people head north and, you know, north to Australia or north to somewhere else further north of Australia to get those higher temperatures.
[2:36] So, therefore, we have fewer listings in the market through July and particularly July and particularly fewer higher-priced listings because, of course, those with money take advantage of their money and, as I said, they head off to warmer climates
[2:54] during July.
[2:55] So we get fewer higher priced homes for sale.
[2:58] But we've seen that this year as usual, but the difference has been we've seen more buyers.
[3:04] So buyer numbers have continued in fact to increase and that's what's causing higher prices and also particularly causing higher clearance rates in our auction markets, which we'll look at.
[3:14] So week ending Wednesday, August the 6th, we're going to look at the latest house and unit prices data.
[3:20] We're also going to look at the latest home building approvals.
[3:22] Very interesting data from the building approval for June, Rachel.
[3:28] It's really starting to crystallise the recent trends that we've seen.
[3:34] Sort of a good news, bad news story.
[3:37] We know Australia doesn't have enough houses to go around, enough units to go around, enough dwellings to go around, and we've been waiting for a revival.
[3:45] We're sort of getting a revival at one end of the market, but not so much at the other end of the market.
[3:50] And as I discussed, we'll look at the latest weekly auction results.
[3:54] And, of course, that gives us a great forward indicator into what's happening generally in the marketplace.
[4:00] So let's get going.
[4:01] Latest home prices.
[4:03] Home prices rise everywhere over July.
[4:06] So all capital cities reported increases.
[4:08] That's the first time in a while that we've seen all capital cities with higher house prices over the month compared to the previous month.
[4:18] and annual prices growth continues to surge.
[4:21] So it's been a bit, it has been up and down in terms of performance of local capital cities and we expect that, but that's the difference over July.
[4:29] We've seen all capital cities now reporting growth and there's certainly momentum building in our housing markets.
[4:36] A great setup for the spring market, really, plenty of confidence.
[4:41] And I think we're going to start to see that FOMO starting to come into the market.
[4:46] Rachel, fear of missing out and that will create a lot of demand being brought forward with buyers wanting to offset the potential for higher prices, so getting into the market earlier.
[4:58] But most buyers are sellers and sellers are buyers, so it sort of evens its way out.
[5:03] Now, there's no doubt that those rate cuts in February may have energised the market, no surprise there.
[5:08] We know that lower interest rates create higher house prices.
[5:12] We know that through history and we're seeing the same results now.
[5:15] And, of course,
[5:17] You know, the signs are pretty positive that we'll get an interest rate cut next week, another interest rate cut next week.
[5:24] So there'll be more fuel on that housing market fire at the moment.
[5:28] And it is all about improving affordability with lower interest rates in a still strong economy and adding to that confidence for buyers and both sellers, which is certainly rising and if I may say heady at the moment.
[5:45] So we've had now,
[5:46] Five months in a row of higher national house prices.
[5:50] This model is a quarterly snapshot of house prices.
[5:54] It is a weighted average model.
[5:56] Therefore, it favours those with the weightings are based on the number of transactions in each of the capital cities.
[6:04] So it favours the bigger markets, Sydney, Melbourne, Brisbane.
[6:08] But we take three months of data and then we advance it month by month.
[6:12] So what we're looking at, the latest data over July
[6:15] is the three months of house prices as a weighted median and comparing it to the three months to June.
[6:23] So we're getting enough observations, enough sales to give us a reliable result, not take out the volatility, but we're advancing it month by month.
[6:34] So we're seeing what that underlying trend is.
[6:36] So it's not static quarter by quarter, it's month by month based on quarterly observations.
[6:43] Five months in a row now, Rachel, clearly the upward trend visible there following those interest rate cuts, as I mentioned, in February and May.
[6:54] So here's the data.
[6:57] All our capital cities reported higher house prices over July compared to June.
[7:05] A top performer there was Darwin up by 3.8%.
[7:07] Well, I'll tell a mark at Darwin, but certainly on the rise overall.
[7:11] Because it's a smaller market, you too tend to get some volatile results from month to month.
[7:16] But certainly the Darwin market has been up and running over this year so far and has been producing quite strong results.
[7:24] Canberra up.
[7:25] We know Canberra is now in revival mode.
[7:28] We've been tracking that with auction results week by week, up 2%.
[7:32] Brisbane and Perth up 1.9% each.
[7:36] Positive results there for Brisbane and Perth.
[7:39] Brisbane keeps on keeping on, but Perth's...
[7:41] Had quite a period at the end of last year and into this year, but it's now rebounded quite significantly.
[7:48] Hobart up 0.5 of a percent.
[7:50] Also a rebounding market in Hobart.
[7:54] Melbourne and Sydney each up 0.3 of a percent.
[7:57] Adelaide up 0.2 of a percent.
[7:59] So all our capital cities rising.
[8:01] Just looking at that Melbourne market as a snapshot, we have been calling a revival in the Melbourne market.
[8:06] Now for a number of months, Rachel, and even though its monthly result was just 0.3%, it's actually up 3.1% this year so far, and it's up now 3% over the year.
[8:18] Now that's the strongest annual result Melbourne has recorded for a couple of years.
[8:23] So no doubt the Melbourne market is in rebound mode.
[8:28] And beyond rebound mode, it's really now starting to lead.
[8:32] overall a number of the capital cities.
[8:35] So a vibrant market, that Melbourne market.
[8:38] And we expect to see a continuance of that because the spring selling season is always particularly strong in the Melbourne market because Melbourne has the strongest prestige market in terms of depth and breadth.
[8:52] And the prestige market is typically activated through the spring selling season and none so much as in the Melbourne market.
[9:02] And it has been that prestige market in Melbourne that's been holding the market down overall over the last couple of years.
[9:09] So really that higher priced market in a suburban market in Melbourne is set for growth over spring and the early signs are very positive there.
[9:32] are up 40% in Perth over the past two years.
[9:35] Brisbane house prices up 29% over the past two years and Adelaide up 28%.
[9:40] And that, those growth rates will continue given the strength of the markets at the moment and the potential for more growth.
[9:50] Units also up, up six months in a row now, the unit market.
[9:56] So no real differentiation between what's happening with units and houses.
[10:01] Um,
[10:02] When we look at the capital city breakdowns for units, the growth was not quite as strong.
[10:09] We had a couple of backward movers.
[10:11] Hobart was down 6% over the month, Darwin down 1.2%.
[10:15] But again, we must point out that these are small markets, particularly in terms of units, and you can get volatile results from month to month, from quarter to quarter as a result of that.
[10:27] But as far as the others are concerned,
[10:32] The top performer was Canberra.
[10:34] Real signs of a revival in that Canberra market up by 1.9%, still dragging the chain in terms of annual and two yearly results.
[10:44] Brisbane, another positive result for Brisbane, up by 0.2%, lower than what we've seen recently, but it's still up 8.2% over the year, Brisbane units, and up 13.5% over the past 12 months.
[10:56] But,
[10:59] When we look at the performance of the Brisbane market over the past two years, it's really spectacular.
[11:05] 45.4% growth in Brisbane units over the past two years.
[11:10] And, of course, that makes the nonsense of a lot of those predictions that were made a couple of years ago about the Brisbane unit market being saturated and prices would fall.
[11:20] It's gone in the opposite direction.
[11:22] In fact, it's boom prices there.
[11:24] Perth also up 44.5% over the past two years.
[11:28] Adelaide up 34.1%.
[11:31] But it's, I guess, those big three, again, in terms of growth performance that are leading the annual growth, Brisbane, Adelaide and Perth.
[11:38] Brisbane up 13.5% over the past 12 months.
[11:42] Adelaide up 13.8% and Perth up 14.6%.
[11:47] More good signs there for Melbourne.
[11:49] Similarly to houses, annual prices in Melbourne are now up 1.3%.
[11:54] Again, that's the first rise
[11:56] in Melbourne units on an annual basis we've seen for a couple of years.
[12:00] And this year so far, Melbourne units up by 2.2%, a little bit behind houses, but nonetheless units performing similarly positively compared to houses, Rachel.
[12:13] If you're looking for a copy of that latest house price report from My Housing Market, there's a QR code, you can scan that and that will give you a link to a PDF copy
[12:24] of the latest, once again, very positive house price report, Rachel.
[12:29] Yeah, definitely very positive.
[12:30] We're seeing Melbourne having its post-breakup glow, and I did hear the B word used there, but it's good to see, yeah, we've had very, very positive numbers over winter.
[12:41] Units are rising as well, particularly in those major cities.
[12:45] Are buyers starting to pivot from houses to units out of necessity or affordability or still lifestyle?
[12:50] Yeah.
[12:51] Well, this is what happens in a growth market, Rachel.
[12:54] When we do start to see momentum in markets, then buyers are forced to look at their options.
[13:01] And those options obviously start to be units because they're typically more affordable than houses.
[13:09] And the other point is that we've got the initiative from the government in terms of first home buyer activity.
[13:16] And first-time buyers particularly look for units as an option, again, because they're more affordable.
[13:24] And I think that's another positive for demand for units, particularly in that Melbourne market, over the remainder of this year.
[13:33] So, yes, there's always that choice factor when prices are rising strongly, as they are now, that buyers have to look at those options.
[13:42] And when we do have more first-home buyers,
[13:44] coming into the market, they particularly will be looking at units.
[13:48] So yeah, everything's positive, but units are certainly going to be benefited from rising buyer activity as we're seeing at the moment.
[14:02] And that's our house price report data.
[14:05] And as I mentioned, we're also going to look at the latest building approval data.
[14:09] Building approvals picked up again.
[14:11] It's the first time in a while we've seen monthly increases back to back in building approvals.
[14:16] They tend to be volatile because one month we get a lot of units coming through, big unit development, which pushes the overall numbers up.
[14:25] But then next month we don't get the same big number coming through.
[14:29] So as we'll see when we look at the charts, it tends to be a volatile series, the unit series.
[14:35] But what we're seeing now is, if anything, and we have seen a big increase in units this year compared to last year, that's now actually accelerating.
[14:43] And it's interesting because as the building approvals for units are accelerating, building approvals for houses are going backwards.
[14:54] So it's like, well, you know, and it's great to see all these building approvals for units.
[15:00] And it is because state governments are becoming more proactive in terms of their planning process.
[15:04] decisions.
[15:06] And we know that there's a lot of political pressure to get more housing into marketplaces.
[15:11] We know there's an under supply, a chronic under supply.
[15:15] So state governments are really up and about in terms of approving planning, building approvals for units through planning approvals.
[15:23] And that's what's driving this surge in building approvals for units.
[15:28] So let's have a look at the data.
[15:30] Building approvals overall up by 11.3% over June.
[15:34] Big rise follows a 4.2% rise in May.
[15:38] But again, it was because of a real surge in unit development.
[15:42] Units were up 33% over the month.
[15:45] Now, that's considering the previous month was actually a strong month too.
[15:50] So it's really accelerating building approvals for units.
[15:54] Houses were down 2%, and that's the biggest fall for houses for some time.
[15:58] And the previous month houses were actually flat.
[16:01] So houses are going south and units are going north at a rapid rate.
[16:07] New South Wales was the top performer.
[16:09] That's that Sydney market with a number of big developments coming through over June up by 13.5% over the month.
[16:19] Now, when we look at the annual growth trends over the past year or more, they still remain relatively depressed.
[16:27] But the quarterly trend is sort of easing.
[16:31] Despite the fact that we're seeing a lot more units coming through, that trend is easing because we're seeing fewer houses, Rachel.
[16:37] So that's the offset there, which is keeping the overall trend underperforming.
[16:42] So here's the data, 33.1% over the month overall, sorry, for units, overall up 11.3%.
[16:52] See houses down 2% there.
[16:55] Over the year to date,
[16:56] Units are now up 46% over the first six months of this year compared to the same period last year.
[17:03] That is a remarkable growth spurt, Rachel.
[17:06] And when we look at the capital city breakdowns, you'll see that that's really across the board where we've seen that surge in unit approvals.
[17:14] And over the full year on year comparisons, units up 26.7%, houses up 5.9%.
[17:24] So there's the trend, just sort of stabilising a little bit.
[17:27] Certainly total dwellings nationally are higher now than where they were over June last year.
[17:33] But even though we've seen a pickup in units, it hasn't really covered the, or the pickup in units, it hasn't really covered the decline in houses.
[17:42] And that's why the dotted line there, which is the quarterly trend, is just still a little flat.
[17:48] However, if these unit numbers continue to rise,
[17:51] we'll start to see that trend picking up.
[17:53] And you can see there when we look at units versus houses, the darker chart there at the bottom is units.
[17:58] You can see how that goes up and down, up and down.
[18:00] Very spiky because you do get those big developments coming through month by month and not followed up the same month.
[18:06] And you can see there that, you know, it's upwards of nearly twice the number of units approved over June compared to June last year.
[18:15] So a big rise in units.
[18:17] But actually it's just a little bit higher.
[18:19] the numbers approved for houses in June this year compared to June last year.
[18:25] And you can see that the trends are still quite low in comparative sense, but there's no doubt that there's, at the moment anyway, a head of steam building in terms of the trend for units going forward.
[18:38] But we're still in a position where we certainly don't have enough houses to go around under supply.
[18:45] we're moving in a better direction for units.
[18:48] But the other thing you've got to remember, Rachel, is units take a couple of years at least to become an actual live-in dwelling, you know.
[18:58] So even though we're seeing these unit approvals, we won't be seeing them as actual completed apartments for a couple of years yet.
[19:08] And the other thing that's looking a little dicey is that we're starting to see some increase in building costs again.
[19:16] if that consolidates, it just makes it harder for these building approvals for builders to turn them into actual starts.
[19:22] So we'll keep an eye on that.
[19:24] This is the state performance.
[19:26] Melbourne's still, sorry, the capital city performance.
[19:29] Melbourne's still the top performer over June to date compared to the same period last year.
[19:37] And houses on the rise in Melbourne units a little lower, but the Sydney market is now well and truly leading the pack
[19:45] in terms of this year so far, the number of units approved.
[19:50] So this is the units approved over this year to date so far.
[19:53] So that's the first six months of the year.
[19:57] When we look at the growth, this is really quite spectacular.
[19:59] This is the first six months of this year, Rachel, versus the same period last year.
[20:04] You can see every capital city has had a surge in unit approvals.
[20:09] State governments are very proactive in pushing through
[20:13] planning approvals for units, and that's being translated into building approvals.
[20:20] Very strong there.
[20:21] Melbourne up 52%.
[20:22] Sydney up 54%.
[20:24] Brisbane up 50%.
[20:26] Perth up 50%.
[20:27] All very similar there except for Adelaide, which is up 113%.
[20:31] So some real growth there in units going forward.
[20:36] But the real concern is that even though Perth
[20:40] Adelaide and Sydney are seeing an increase in number of houses.
[20:43] The big development capitals for houses of Melbourne and Brisbane are actually going backwards.
[20:49] In fact, Melbourne house building approvals, Rachel, are down 5.8% compared to the same six months last year and Brisbane down 1.8%.
[20:58] And, of course, we know that Brisbane market has consistently produced prices growth.
[21:04] It's perhaps more susceptible to undersupply
[21:08] creating higher prices than any of the other capital city markets.
[21:12] And yet we're seeing fewer houses now being built in that Brisbane market this year so far.
[21:18] So some real concerns there on the supply side for Melbourne, which is our biggest market in terms of housing supply and Brisbane as well.
[21:29] So here's our long-term trend.
[21:31] This shows our problems in terms of the long-term
[21:36] under building in our housing markets.
[21:39] Still down, improving overall that trend, but still well down 28%.
[21:45] This is capital city building approvals for total dwellings, that's houses and units combined.
[21:51] Still down 28%.
[21:53] On the rise, sort of, but we need to keep an eye on that.
[21:57] But we're still well below where we need to be to start matching supply and demand in our housing markets.
[22:02] And when we break it down, you can see even though units are rising,
[22:05] Um, there and the units there are the lighter shade color.
[22:10] Um, they, uh, are still down just under 50% compared to the peak.
[22:15] This is annual, uh, annual approvals on a month by month basis.
[22:20] That's the trend and still down nearly 50% since it's peak way back in 2016.
[22:25] Uh, and you can see their houses, Rachel, just starting to tip downwards.
[22:31] The trend for houses, um,
[22:34] and certainly not matching its previous peak there in 2017.
[22:39] We discount the 2021 peak because that was due to the home builder allowance from the previous government, which brought forward a lot of demand.
[22:48] But we're not really catching up with houses now.
[22:51] In fact, we're starting to go backwards.
[22:53] Not good news for trying to find more houses in our housing markets, Rachel.
[23:02] Well, with unit approvals jumping up 33%, are we at least seeing a structural shift in the housing stock for units?
[23:11] Absolutely, on the supply side.
[23:13] And this has been the problem, of course, that we've seen roadblocks for higher density development in most of our capital cities, particularly Melbourne and Sydney, because of concern of conserving neighbourhood characteristics.
[23:32] you know, not in my backyard, I don't want a high-rise, blah, blah, blah.
[23:35] And governments have been sensitive to that.
[23:37] But now they realise there's another sort of dimension to all this, and that is, hey, I can't get a house, I can't afford to buy a house, I can't afford to buy a unit.
[23:45] So they've now, you know, got rid of, I think, of a lot of the structural barriers to planning approvals.
[23:53] And we're seeing that across the board now.
[23:55] And there's obviously a government mindset that's changed rather than, you know, what was normally...
[24:02] the process for getting planning approvals and building approvals, particularly planning approvals.
[24:07] And this is because of the issues to do with underbuilding.
[24:13] And, of course, that means that we're going to start to see, as you said, more units coming into the marketplace.
[24:18] We're seeing a flood of units now being approved and we're seeing fewer houses.
[24:22] So houses are going backwards, units are going strongly forwards.
[24:28] And that's because that's what governments can control
[24:31] More is that higher density environment because they are in charge of the planning rules overall.
[24:39] Whereas it's a bit more problematic in terms of house development because that's typically broad acre, out of suburban environments, which can be harder to manage.
[24:50] They need more infrastructure, et cetera.
[24:52] Whereas infrastructure can already be in place already.
[24:55] for a lot of these higher density developments because they're renewed sites, they're brownfield sites.
[25:00] So, yep, absolutely, we're seeing a shift.
[25:04] And I think the market will move with that as well because I think there's a growing preference for higher density in a city living anyway, you know.
[25:13] And as we spoke before about the price environments,
[25:17] People are looking towards that as an affordable option.
[25:19] So it's just a question of when these approvals, Rachel, will actually become, you know, apartments to live in.
[25:26] And certainly they're a couple of years off on that one.
[25:29] But you've got to start somewhere, and it's a positive sign for better balance in our housing markets.
[25:35] So let's have a look at the latest weekly auction results.
[25:37] This really weird Indian summer that we've had through winter in terms of auction activity.
[25:43] Another strong auction results to start August 2021.
[25:46] We have most of our capital city markets now recording clearance rates above 70%.
[25:51] How could you believe that?
[25:53] So along with the consistency we've seen in house price growth, we're now starting to see consistency in auction clearance rates between the auction markets.
[26:02] Of course, as we've mentioned, the spring selling season is now upon us, and that will mean more listings coming into the marketplace.
[26:10] That will be exacerbated by the rising confidence, people knowing that the
[26:17] It's, you know, there are plenty of buyers out there.
[26:19] And as I mentioned, most buyers are sellers and sellers are buyers.
[26:22] So what goes around comes around.
[26:25] And it's typically a better time to sell earlier in spring and a better time to buy later in spring.
[26:32] But it will be interesting to see how it pans out.
[26:34] But we've had another very positive week, Rachel.
[26:37] Sydney 700 auctions over the week compared to 642 auction numbers rising.
[26:43] Another very positive clearance rate in Sydney, 77.5% ahead of where it was a year ago.
[26:49] Melbourne keeps on keeping on.
[26:51] A little bit lower the listing numbers in Melbourne over the week, but the clearance rates still stuck there nicely in the mid-70s.
[26:59] Good results there for sellers.
[27:01] And now all we have to do is look at what was happening a year ago in Melbourne to see how that Melbourne market has advanced.
[27:07] 10% higher in terms of clearance rates comparisons year on year.
[27:11] Brisbane now continuing to have results above 55%.
[27:16] We know that Brisbane market is a strengthening market once clearance rates get above 50%.
[27:21] It has a different auction culture to the other auction capitals.
[27:25] Adelaide, 76.2% clearance rate.
[27:29] Adelaide as well has been tracking in the mid-70s now.
[27:33] It's a market that has rebounded over recent months.
[27:36] And I guess we could finally say, well, maybe that the Canberra market has recovered, Rachel.
[27:42] A 70% clearance rate.
[27:44] We haven't seen a 70% clearance rate in Canberra for quite some time.
[27:48] But it has been building.
[27:49] We've had mid to high 60s over the past few weeks.
[27:53] And now we've got a 70 and again about 10% higher than a year ago.
[27:57] So it looks like Canberra's finally back in town.
[28:00] But we'll see if that can consolidate as the Melbourne market has over recent months.
[28:06] over the next few weeks.
[28:08] So there's our trends.
[28:09] They all look the same, the trends, Rachel.
[28:12] They're all rising.
[28:13] Sydney there rising over recent months, higher than a year ago.
[28:16] Melbourne market, same sort of trend, rising, rising, rising.
[28:21] Those lower interest rates really got the Melbourne market up and running again.
[28:25] But it was due the Melbourne market, Rachel.
[28:27] Certainly an opportunist market because prices have been flat for so long.
[28:32] Brisbane, same, look at that, same pattern.
[28:35] of increased clearance rates over the past six months.
[28:39] Adelaide, the same as well.
[28:40] So it's like with our house, our home price report, Rachel, there's a real consistency here in terms of performance in capital city housing markets, not just in house prices, but in auction results.
[28:53] And again, that shows the stimulus of lower interest rates generally to the housing market.
[29:00] And there's Canberra.
[29:01] Gee whiz, look at that 70% clearance rate.
[29:03] And it has been building.
[29:04] So this is in
[29:05] sort of a once one off, it's something that's been consolidating over recent months.
[29:11] So if you're looking for the latest auction results, you can go to my LinkedIn site, Doc Andrew Wilson at LinkedIn, every Saturday night at six o'clock, get the latest snapshot of the capital cities.
[29:22] And then on Sundays around nine o'clock, you get the full national report, which includes the regional breakdowns for Melbourne and Sydney and the top 10 sales under the hammer for each capital city over the week.
[29:32] If you've missed that report,
[29:34] The latest report, there it is there.
[29:36] Quick QR scan of that.
[29:38] We'll give you a PDF copy with all those insights to the latest auction market activity.
[29:46] We're going to finish off with our giveaway, Rachel, as we always do, the great My Housing Market infinity suburb data app.
[29:53] We're talking a lot here about capital cities.
[29:55] You want to know what's happening in suburbs?
[29:57] Well, here it is.
[29:57] So this has data for every suburb that has data in Australia in real time, updated.
[30:04] And it looks at asking prices and asking rents.
[30:10] So it gives you an insight into what the markets are currently asking for particular suburbs.
[30:16] If you're looking to get hold of that app, great little app, there is a QR code you can scan or you can click on that link.
[30:27] You have to get a password.
[30:28] You'll see it's password protected.
[30:30] The good folks at Infinity will provide you with that password.
[30:34] But this is a very popular app and why wouldn't it be carried around on your phone and you can see what's happening on a suburb level everywhere in real time.
[30:44] So here's a screenshot of what you do get.
[30:46] You can filter it for price or rent.
[30:48] We've filtered that for price.
[30:50] These are asking prices and asking rents currently.
[30:53] You can filter it for capital city region or outside capital city region.
[30:57] We're looking at the New South Wales Sydney region, capital city region.
[31:00] We're looking at Blacktown, large suburb in New South Wales,
[31:04] in the Sydney region.
[31:05] You can filter for house unit or townhouse.
[31:08] We're filtering it for house.
[31:09] You can also filter for the number of bedrooms.
[31:10] So we're looking at a four bedroom house in Blacktown, not just the median price you get, but you also get the high and the low price.
[31:18] So you know the boundaries, what the market's looking for at the moment for a four bedroom house in Blacktown and the number of properties that are currently for sale.
[31:27] And we have exactly the same
[31:29] insights, market intelligence in terms of what's happening for rents, as you can see there.
[31:36] And for investors, we're also ranking the top 10 suburbs in each of those regions on the basis of yield.
[31:43] So that's the return of the current rent over a year based on the current asking price.
[31:48] Also, we provide on a suburb basis, the vacancy rate, also the number of properties for rent and for sale.
[31:54] If you click on the link to those top 10 suburbs, it will actually take you to a map.
[31:59] of that particular area.
[32:00] So great stuff for investors or for those that are looking to take even more of a scientific approach to their decision-making for houses and units.
[32:09] Next week, we'll look at, no, we won't.
[32:12] We'll look at, of course, coming through, we're going to have our rent report and we're also going to have the latest retail sales data
[32:23] But also next week, Rachel, drum roll, we're going to have the interest rate decision coming forward.
[32:30] So that's going to be muchly anticipated.
[32:33] And so we'll look forward to seeing that and most likely we'll see a cut.
[32:41] We'll talk about that when it happens next week.
[32:43] And if you've missed this week's report, there is a QR code to download to get this report.
[32:49] So that's us for this week, Rachel.
[32:52] Interesting week with house prices.
[32:54] We move on another week, another month in prospect, but we will be in a seasonal change and it will be interesting to see if we do get an interest rate cut next week, which is highly likely just how that continues to fuel very strong housing market activity.
[33:10] And as we saw today with both house prices or home prices and the auction market, it's now right across the board.
[33:16] Yeah.
[33:17] Yeah.
[33:18] Doc, what do you think spring will bring us?
[33:21] Sorry, what do you think spring is going to bring us in the property market?
[33:24] Because winter has definitely been a very positive surprise.
[33:27] The property market has definitely not been teasing us.
[33:30] It's been full steam ahead.
[33:31] Well, it's interesting when we sort of break down the major capitals, Rachel, Melbourne's been in pause mode for a couple of years.
[33:38] We've discussed that at length.
[33:40] It's now sort of in a revival mode.
[33:43] It's definitely rebounding.
[33:44] We've seen that with prices.
[33:46] We've certainly seen that with auction clearance rates.
[33:51] Brisbane just keeps on keeping on.
[33:52] I mean, it's a boom market, that Brisbane market.
[33:54] It just hasn't really paused at all.
[33:57] It's continued to grow.
[33:58] However, Adelaide and Perth, which were very strong last year, they moved into pause mode briefly over the end of the year and into this year.
[34:06] But those lower interest rates have got those two markets up and running again strongly.
[34:11] And they're
[34:12] They're looking exactly like they did, you know, when they were at their peak last year.
[34:17] And the Sydney market just keeps on keeping on too.
[34:21] Not at the same rate as Brisbane, but it just continues to consolidate itself.
[34:28] And, you know, it's almost we called Sydney the gold standard, wouldn't it?
[34:33] Certainly in terms of its median price, which is now at nearly $1.7 million.
[34:38] So that's the median.
[34:40] And really, you know, I mean, it's a while off perhaps, but it's heading towards a $2 million median, that Sydney housing market.
[34:48] So, yeah, it's just kept going, Sydney.
[34:51] And again, the prospects are very positive for it going forward.
[34:55] So, yeah, look, it's not a Brisbane because Brisbane's just taken off over the past couple of years.
[35:00] But that Sydney market always leads the pack in terms of prices.
[35:05] But it's also a very, very consistent performer, which is different, as we've discussed, from those other three major capitals, Brisbane, Perth, Adelaide and Melbourne.
[35:17] So, you know, it's pretty good if you're a homeowner.
[35:21] A little worrying if you're a first homebuyer wanting to get into the market, I would suggest.
[35:26] Yeah, definitely.
[35:27] Well, Doc, as always, thanks for grounding us in the facts and not just the headlines.
[35:30] You're basically the compass in this wild property jungle.
[35:33] Thank you very much.
[35:35] To our listeners, if you're feeling smarter than you were 15 minutes ago, that is the Wilson effect.
[35:40] While the Dynamics, your knowledge stack just went up in value.
[35:45] Catch you next week for another episode of Wilson Weekly.
[35:48] Thanks, Doc.
[35:49] Thank you, Rachel.
[35:49] Look after yourself.
[35:53] You're fucking gone.
[35:54] See you.

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