December figures also confirmed the trends above : new mortgages increased by 11.7 % yoy (in value terms). It was, once again, driven by investors (+ 20.4 % yoy) and first home buyers (+ 21 % yoy).
Looking at the most recent periods (last 3 WE), 2 clear trends : - increase for the number of auctions (yoy) both in Sydney and Melbourne, - with a good level of absorption, in Sydney in particular (preliminary auction clearance rate over 80 % in Sydney for the second consecutive week, according to Corelogic).
