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On this episode of The nestegg Podcast, host Maja Garaca Djurdjevic and three experts discuss the ongoing NSW lockdown, the ins and outs of the COVID-19 Disaster Payments, and how Brisbane’s successful Olympics bid could impact equities and property.

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Steve Waters, director of Right Property Group, chats about the impact of the lockdowns on the property market, what the 2032 Olympics could mean for Brisbane’s market, and whether APRA might need to pull the handbrake to cool house price growth.

RMIT’s senior lecturer of finance, Dr Angel Zhong, delves into how the Olympics and other major events affect stock returns and what the implications are for investors.

And lastly, tax and super guru Timothy Munro talks about the near-record super returns, the COVID-19 Disaster Payments and what they mean for your super.

Have a question for our experts? Get in touch at [email protected] and you might get featured on the next episode.

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Top performers in the Sydney and Melbourne markets on the weekend

By Reporter

March 25 2019
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Invest

Top performers in the Sydney and Melbourne markets on the weekend

By Reporter
March 25 2019

Almost 1,700 homes went to auction this weekend, less than half the activity of this time last year. Here’s the best and worst performing areas in Australia’s biggest property markets, Sydney and Melbourne.

Top performers in the Sydney and Melbourne markets on the weekend

By Reporter

March 25 2019
Share

According to new data from CoreLogic, preliminary results show a clearance rate of 56.0 per cent across the combined capital cities this week. That’s an increase from last week’s average clearance rate of 51.4 per cent.

However, year on year, volumes have dropped significantly. Over the weekend, 1,669 homes were taken to auction, compared to 3,990 this time last year. Note that this time last year was the pre-Easter weekend, which is traditionally a busy time for the market.

Australia’s biggest markets, Sydney and Melbourne, recorded preliminary auction clearance rates of 62.6 per cent and 57.0 per cent, respectively. Volumes are down significantly from last year in both cities. In Melbourne, there were 820 auctions, versus 2,071 this time last year. In Sydney, there were 506 auctions, versus 1,383 this time last year.

For a detailed breakdown of the best and worst performers, see below:

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