Highlights
Sale settlements
- Sale settlements in Oct-22 were down 0.6% on Sep-22, and down 20.6% on the same month last year.
Aggregate value
- Sale settlement aggregate value fell 13.1% MoM to $15.9B.
Settlement figures quoted are total settlements, they include digital and paper-based settlements for residential and commercial properties, unless otherwise stated. Any non-monetary settlements such as family transfers or gifts have been excluded.
Sale settlements
Total
- Oct-22 was down 0.6% on Sep-22, and down 20.6% on the same month last year.
Residential/commercial
- Residential settlements were up 0.6% MoM and down 20.3% YoY.
- Commercial was down 19.0% MoM and down 26.7% YoY.
Greater Sydney/rest of NSW
- Greater Sydney Area was up 6.0% MoM in Oct-22, a 15.1% decline YoY.
- Rest of NSW was down 8.8% MoM and down 27.4% YoY.
Aggregate value
- Sale settlement aggregate value fell 13.1% MoM to $15.9B.
- This represents a 22.2% decline on Oct-21 which was $20.4B.