Published on ‘Australian Financial Review‘ by Michael Bleby
For all the talk of a slowdown, the property market is still booming. Auction numbers are up across the board, as vendors from Adelaide to Brisbane put their homes up for sale.
Buyers are out in force this spring, the strongest season of the year, despite house price growth halving in Sydney and Melbourne between June and September. In every city in which auctions play a significant role in home sales – Sydney, Melbourne, Brisbane, Canberra and Adelaide – auction numbers have been higher in each of the last three months than at the same time last year.