Last week in Property

Auction volumes are up, with 2,289 auctions across the capital cities compared to just 1,520 from the previous week. The combined clearance rate was at a respectable 72.4%, up from the previous week’s 70.2%.

The property buyers are back, with Sydney and Melbourne leading the pack. In 613 auctions in Sydney, the clearance rate was at 82.7%, the second strongest result for this year. Melbourne had 885 auctions for last week, with a clearance rate of 67.9%. Auction volumes are set to increase in Sydney for the coming weeks.

Read more about this on the RP Data website.

Author: Dorian Traill

Dorian Traill is the current Director of Grand Capital Finance Group and Fountain Property Group. He specialize in home loans for people as well as helping them build wealth through quality investment properties that ultimately lead to long term financial freedom.

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