{"id":20223,"date":"2019-07-23T09:51:53","date_gmt":"2019-07-22T21:51:53","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=20223"},"modified":"2019-07-23T09:54:23","modified_gmt":"2019-07-22T21:54:23","slug":"australia-sydney-and-melbourne-house-prices-could-rebound-by-as-much-as-10-as-sales-pick-up-but-theres-an-important-test-ahead","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/australia-sydney-and-melbourne-house-prices-could-rebound-by-as-much-as-10-as-sales-pick-up-but-theres-an-important-test-ahead\/","title":{"rendered":"AUSTRALIA: Sydney and Melbourne house prices could rebound by as much as 10% as sales pick up \u2014 but there&#8217;s an important test ahead"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong>PHOTO: Carl Court\/Getty Images.<\/strong><\/p>\n<ul>\n<li><strong>Auction clearance rates in Sydney and Melbourne have had another strong showing over the weekend, as a recovery in the two biggest cities looks imminent.<\/strong><\/li>\n<li><strong>Judging from previous market moves, AMP chief economist Shane Oliver believes we can expect to see as much as a 10% rise in house prices as a result.<\/strong><\/li>\n<li><strong>That\u2019s despite lower volumes, which tend to pick up as a result of strong selling numbers and are likely to only be helped along by the nearing of spring.<\/strong><\/li>\n<\/ul>\n<p>The worst appears to be over for the Sydney and Melbourne property markets after yet another successful weekend of auctions.<\/p>\n<div id=\"jw-player-container\">\n<p>Clearance rates \u2014 the proportion of properties sold at auction \u2014 ran home strongly for another straight week, and look to be the best in around two years for both cities.<\/p>\n<p>Across the weekend, 78% of all Sydney homes and 74% of Melbourne\u2019s sold,\u00a0<a href=\"https:\/\/www.domain.com.au\/auction-results\/\" target=\"_blank\" rel=\"noopener\">according to real estate platform Domain.<\/a><\/p>\n<p>While the final figures will come in slightly lower, that puts both markets on course for their best results in years, according to AMP chief economist Shane Oliver.<\/p>\n<p>READ MORE VIA <a href=\"https:\/\/www.businessinsider.com.au\/sydney-melbourne-prices-auction-clearance-rates-2019-7\">BUSINESS INSIDER<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; PHOTO: Carl Court\/Getty Images. Auction clearance rates in Sydney<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/australia-sydney-and-melbourne-house-prices-could-rebound-by-as-much-as-10-as-sales-pick-up-but-theres-an-important-test-ahead\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":20224,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478103379,478099548,478098730,478098512,478098521,478098726,478098566,478098562,478098542,478098519,478098535,478098522,478098537,478098556,478098513,478101743,478099125,478098873,478098579,478100051,478098510,478098514,478098511,478098705,478098533,478098921,478098509,478103380,478098536,478098618,478098677],"class_list":["entry","author-data123nz","post-20223","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-amp-chief-economist","tag-auction-clearance-rates","tag-auctions","tag-australia","tag-australians","tag-chinese-buyers","tag-first-home-buyers","tag-foreign-buyers","tag-home-loans","tag-home-ownership","tag-house-prices","tag-interest-rates","tag-melbourne","tag-nsw","tag-property","tag-property-correction","tag-property-crash","tag-property-investment","tag-property-market","tag-property-markets","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-franchise","tag-real-estate-news","tag-shane-oliver","tag-sydney","tag-sydney-property","tag-victoria"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>AUSTRALIA: Sydney and Melbourne house prices could rebound by as much as 10% as sales pick up \u2014 but there&#039;s an important test ahead - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/australia-sydney-and-melbourne-house-prices-could-rebound-by-as-much-as-10-as-sales-pick-up-but-theres-an-important-test-ahead\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AUSTRALIA: Sydney and Melbourne house prices could rebound by as much as 10% as sales pick up \u2014 but there&#039;s an important test ahead - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"&nbsp; PHOTO: Carl Court\/Getty Images. Auction clearance rates in SydneyRead More &rarr;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/propertynoise.co.nz\/au\/australia-sydney-and-melbourne-house-prices-could-rebound-by-as-much-as-10-as-sales-pick-up-but-theres-an-important-test-ahead\/\" \/>\n<meta property=\"og:site_name\" content=\"Property News Australia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/PropertyNoiseNZ\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-22T21:51:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-07-22T21:54:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2019\/07\/trampoline.jpg?fit=810%2C540&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"810\" \/>\n\t<meta property=\"og:image:height\" content=\"540\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Property Noise Group\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@propertynoisenz\" \/>\n<meta name=\"twitter:site\" content=\"@propertynoisenz\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Property Noise Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/australia-sydney-and-melbourne-house-prices-could-rebound-by-as-much-as-10-as-sales-pick-up-but-theres-an-important-test-ahead\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/australia-sydney-and-melbourne-house-prices-could-rebound-by-as-much-as-10-as-sales-pick-up-but-theres-an-important-test-ahead\\\/\"},\"author\":{\"name\":\"Property Noise Group\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#\\\/schema\\\/person\\\/175c8981af50e593000aa8ad7aab9d84\"},\"headline\":\"AUSTRALIA: Sydney and Melbourne house prices could rebound by as much as 10% as sales pick up \u2014 but there&#8217;s an important test ahead\",\"datePublished\":\"2019-07-22T21:51:53+00:00\",\"dateModified\":\"2019-07-22T21:54:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/australia-sydney-and-melbourne-house-prices-could-rebound-by-as-much-as-10-as-sales-pick-up-but-theres-an-important-test-ahead\\\/\"},\"wordCount\":211,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/australia-sydney-and-melbourne-house-prices-could-rebound-by-as-much-as-10-as-sales-pick-up-but-theres-an-important-test-ahead\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/wp-content\\\/uploads\\\/2019\\\/07\\\/trampoline.jpg\",\"keywords\":[\"AMP chief economist\",\"Auction clearance rates\",\"auctions\",\"australia\",\"Australians\",\"chinese buyers\",\"first home buyers\",\"Foreign Buyers\",\"home loans\",\"Home ownership\",\"house prices\",\"interest rates\",\"Melbourne\",\"NSW\",\"property\",\"property correction\",\"property crash\",\"property investment\",\"property market\",\"property markets\",\"Property News\",\"propertynoise\",\"real estate\",\"real estate agency\",\"real estate agent\",\"real estate franchise\",\"Real Estate News\",\"Shane Oliver\",\"Sydney\",\"Sydney property\",\"Victoria\"],\"articleSection\":[\"Australian Property &amp; Real Estate News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/australia-sydney-and-melbourne-house-prices-could-rebound-by-as-much-as-10-as-sales-pick-up-but-theres-an-important-test-ahead\\\/\",\"url\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/australia-sydney-and-melbourne-house-prices-could-rebound-by-as-much-as-10-as-sales-pick-up-but-theres-an-important-test-ahead\\\/\",\"name\":\"AUSTRALIA: Sydney and Melbourne house prices could rebound by as much as 10% as sales pick up \u2014 but there's an important test ahead - 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