Business
House prices rise for the first time since May – The Australian Financial Review
As the biggest source of household wealth, the performance of residential real estate is an essential building block supporting consumer sentiment, spending, construction…
The one exception is the locked-down Melbourne market. Yet even here there is good news. Over the first 22 days of October, Melbourne has recorded what is by far its smallest capital loss (minus 0.2 per cent) since its correction commenced in April. Visually inspecting the data, Melbourne seems to have reached a turning point.
And the first weekend of decent auction volumes in Melbourne resulted in an impressively high clearance rate of 60 per cent based on 186 property sales. On this front, Sydney…
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