Despite the strong performance of the spring housing auction market, prices in Sydney and Melbourne have slowed significantly.

RP Data research analyst Tim Lawless said Sydney house prices increased 8% in August.

In September, it only increased by 9%, and the housing clearance rate was more than 0.8%.

In Melbourne, house prices rose by 8% in August, but fell in September, dropping by 0.8%. The clearance rate remained at an average level of 9%.

"It's unbelievable that the housing market in September remained stable," he said.

He also said that there is usually a strong correlation between house price growth and house clearance rates. Last week’s Reserve Bank’s report also mentioned that house auctions are the best way to measure housing price growth. "There is evidence that the appraised selling price of houses at auction can help predict private housing price trends."

Lawless said that quarterly data is more convincing than monthly data.

In the last quarter, house prices in Sydney rose by 4.1% and Melbourne prices rose by 3.1%.

In the first half of this year, new house prices rose by 5.2%, compared with 1.2% in Melbourne.

RP Data数据显示,布里斯班的9月份和季度增幅分别为0.7%和0.6%,阿德莱德为0.9%和3.1%。

珀斯为-0.4%和-0.6%, 堪培拉为-5%和1.4%,霍巴特为-0.3%和-1%,达尔文-1%和1.4%。

The national capitals averaged 0.1% and 2.9%.

Melbourne Micro Lifelogo-40x402