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%.
Australian property prices continued their remarkable acceleration in May 2025, with house prices rising 0.7 per cent to reach $926,806, delivering annual growth of 5.2 per cent. Unit values advanced 0.6 per cent to $687,144, achieving 4.5 per cent year-on-year appreciation. The momentum that began with January’s recovery has intensified … Read more
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