'Seasonal bounce': Sydney, Melbourne auction clearance rates up
Sydney and Melbourne's auction clearance rates picked up on the weekend, fueled by hopes of reduced interest rates and relief that the banks are unlikely to further tighten lending after the results of the banking royal commission.
"We've all forgotten what a normal market is" agent says on cooling auction clearance rates
A Drummoyne home has defied market trends, skyrocketing $650k above the reserve price, while Place Bulimba held another successful All-Star Auction event.
Stamp duty reforms an "insult" to home buyers, as bidders versus banks after another flat auction rate
Industry body the Real Estate Institute of New South Wales (REINSW) have slammed the stamp duty reforms as an "insult" to genuine home buyers, while bidders struggle with tight bank lending after another weekend of flat auctions across the nation.
Louis Christopher: "Crash territory"? Low clearance rates prompt questions over state of market
SQM Research Louis Christopher says the housing slowdown is heading into "crash territory", but opinions vary among agents and property commentators who argue the decline is relatively "unremarkable".
Auction results up after last weeks grand final slowdown
Auction activity across the combined capital cities increased this week after last week’s grand final and public holiday slowdown, with 1,809 homes taken to auction, almost doubling from the 895 last week.
Auction activity down due to long weekend celebrations
Auction activity takes a back seat to Grand Finals and long weekend festivities, sending the preliminary combined capitals clearance rate below 50 per cent for the first time since December 2012.