Australian property prices surge 1% in August

CoreLogic’s dwelling price results have been released for August, which reveals a strong 1.0% increase in values recorded over the month at the 5-city level, driven by surging values across Sydney (1.6%) and Melbourne (1.4%):

It was the second consecutive monthly rise in home values at the 5-city level, which follows a run of losses extending back to August 2017:

Over the August quarter, dwelling values rose by 1.1% across the major capitals, the first quarterly rise since October 2017:

Over the August quarter, values surged across Sydney and Melbourne, but fell across the other major capitals:

The next chart plots quarterly price growth by major capital, which illustrates the massive lift across Sydney and Melbourne, as well as the improvement in Perth:

In the year to August 2019, home values have fallen by 6.1% at the 5-city level, driven by Sydney (-6.9%), Melbourne (-6.2%) and Perth (-8.8%):

However, the next chart, which tracks trend annual price growth, shows a strong rebound led by Sydney and Melbourne:

The housing market has clearly turned, led by Sydney and Melbourne where auction clearance rates have rebounded strongly:

Ref: Unconventional Economist in Australian Property (on September 2, 2019). Australian property prices surge 1% in August. Retrieved from https://www.macrobusiness.com.au/2019/09/australian-property-prices-surge-1-in-august/

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8月澳洲房地产价格飙升1%

CoreLogic 8月份的住宅价格结果已经发布,显示在五个城市的房价,本月强劲增长了1.0%,其中悉尼(1.6%)和墨尔本(1.4%)的房价飙升:

这是五个城市的房屋价格连续第二个月上涨,此前的一系列亏损可以追溯到2017年8月:

在八月份的季度中,悉尼和墨尔本的房屋价格上涨了1.1%,这是自2017年10月以来的首次季度增长:

在八月份的季度中,悉尼和墨尔本的房价飙升,但其他主要首都的房价却下跌了:

下一张图表显示了季度价格增长情况,这说明了悉尼和墨尔本的大幅增长以及珀斯的改善:

在截至2019年8月的一年中,五个城市的房屋价值下降了6.1%,其中悉尼(-6.9%),墨尔本(-6.2%)和珀斯(-8.8%):

但是,下一张图表显示了下半年度价格趋势,悉尼和墨尔本将会强劲反弹:

在悉尼和墨尔本的拍卖清算率强劲反弹的带动下,房屋市场明显转向:

Ref: Unconventional Economist in Australian Property (on September 2, 2019). Australian property prices surge 1% in August. Retrieved from https://www.macrobusiness.com.au/2019/09/australian-property-prices-surge-1-in-august/

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