AUD: Demand for housing still running hot - ANZ
|Research Team at ANZ, suggests that as we move further into spring, the Australian housing market continues to churn out positive results.
Key Quotes
“Over the weekend Sydney achieved an auction clearance rate of 85.6% - the highest since June 2015. Melbourne was similarly strong with a clearance rate of 81.8%. These are not one-off results either – clearance rates have been trending higher for several months now, and are only slightly below the peak levels that we saw last year. While there remain (well-justified) concerns around oversupply emerging in the Melbourne and Brisbane CBD apartment markets over the coming year, current results suggest that there is still plenty of demand for housing out there.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.