Rising Aussie Home Auctions to Test Demand -ANZ

        0459 GMT [Dow Jones] Australian house prices are still running hot with 12.2% trend growth in capital-city prices in the past year and 17.8% growth in Sydney. But in the coming weeks strong auction listings will test home-buyer demand and the outlook for further gains, ANZ senior property analyst David Cannington says. Auction clearance rates continued down from recent peaks across all capital cities but remain elevated at 67.2%, according to information from RP Data and ANZ. With the median house price in Sydney recently hitting A$800,000 home affordability is being tested. (david.rogers@wsj.com; Twitter: @DRWSJ)
        (END) Dow Jones Newswires

        May 05, 2014 00:59 ET (04:59 GMT)