The 5 key property benchmarks that First National agents sense are shaping the national residential market

Stephen TaylorJuly 10, 20130 min read

The housing market in Australia is in much better shape than it was a year ago, according to First National Real Estate’s 2013 property market outlook mid-year update.

numberonejuly11Nationwide, the measure of house prices has increased by around 4% since 2012, following a decline for the previous 18 months.

numbertwojuly11Home lending approvals and auction clearance rates have both risen.

numberthreejuly11Equity prices are up over 20% since mid-2012.

numberfourjuly11Consumer confidence levels are well above long-run averages.

numberfivejuly11Auction clearance rates are consistently higher than 60% nationally, and around 70% in Melbourne and Sydney.

Market snapshot as of May 19:

 listofthedaygraphjuly11

Stephen Taylor

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