What changed in affordability, supply, suburb conditions and the cost of owning — with the numbers, in your inbox by 6.30am AEST each weekday. Read by 3 subscribers.
A sample of today's edition
A preliminary clearance rate of 67.4 per cent across 782 auctions extends Sydney's run since mid-June. Volumes rise above 1,100 in the second week of September, which will be the first genuine test of buyer depth this spring.
Industry submissions put the average assessment time for apartment projects above 50 dwellings at 14 months, roughly double the 2018 figure. Councils point to under-resourcing and incomplete applications. The panel reports in November.
Investors accounted for 39 per cent of new housing lending commitments in the June quarter, the highest since 2015. The increase is concentrated in Perth, Darwin and regional Queensland, where gross yields now clear the hurdle rate for leveraged buyers.
The tightest rental market in the country tightened again in August. Advertised rents are 7.1 per cent higher over the year, the fastest of any capital, and completions remain below the level needed to lift vacancy above 1 per cent before 2027.
More than 41,000 dwellings are advertised across Greater Melbourne, about 14 per cent above the five-year August average. Clearance rates have not moved, which suggests vendors are pricing to meet buyers rather than testing the market.