With the end of the school holidays, everything appears to be back in full swing and auctions already booked in for December, it will be Christmas before we know it!
A clearance rate of 73 per cent was recorded this weekend compared to 69 per cent last weekend and 68 per cent this weekend last year from the 487 auctions reported to the REIV.
Highlights from the weekend include the auction sale of 33A ALbert Street, Highett by Josh Hommelhoff and Matt Hurlston. Built by prominent Bayside builder and former St Kilda football great, Stewart Loewe, it sold under the hammer with 3 under bidders, who then bought number 33 next door straight after, each selling for an undisclosed amount in the vicinity of $1 million each.
Australia’s property market in 2026 is expected to remain resilient, shaped by steady price growth, ongoing supply shortages and evolving buyer priorities. While affordability pressures continue to challenge many households, changing lifestyles, design preferences and demographic shifts are redefining what Australians want from their homes and where they choose to … Read more
Article Source : Nerida Conisbee – Chief Economist Australian housing enters 2026 with momentum but uncertainty. Double-digit growth likely to slow toward mid-year as rate relief remains unlikely in first half. Affordable segment, lifestyle markets and regional areas set to outperform through 2026. The Australian housing market heads into 2026 … Read more