Market Review –
Ray White Blackheath got off to a good start for 2012 selling 2 out of 4 properties ‘Under the Hammer’ at their first Auction on the 26th February. The campaign went well with good numbers through the open homes and offers on all 4 properties on Auction day. Private treaty properties have also benefited from the increased buyer numbers in February.
Nationally, a Sydney Morning Herald article said the Greek deal has helped push the Australian share market higher and gives the Reserve Bank even less reason to cut rates when it meets in early March.
The latest finalised auction data from property researcher APM showed healthy clearance rates, Sydney’s clearance rate was 58%, while Melbourne sat on 62%. Brisbane fell slightly to 30% and Adelaide was also down at 21%.
Unseasonably hot August auctions! Bidders flocked to the streets in crowds across the country today, with many agents and auctioneers commenting on confidence in bidding and the feeling of Spring in the air. Australasia’s largest real estate group reported a preliminary clearance rate of 70 per cent nationally. The city … Read more
Blue Mountains property market June 2024 – If the first weekend of winter was a sign of things to come then we are in for a strong Winter selling season. In the Blue Mountains many buyers started their long weekend by inspecting a property for sale. Inspections rates were definitely … Read more