Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Property market still quiet

Staff Reporter 1 minute read
A re
A re
Advertisement
Advertisement
covery in auctions may have to wait until the new year with weekend clearance rates once again failing to record any sizeable improvement.

In Sydney the clearance rate picked up 4 per cent from the week earlier to 46 per cent but remained 13.8 per cent down from the same weekend last year, according to Australian Property Monitors.

In Melbourne 48 per cent of properties up for auction sold, just one per cent better than the previous weekend and considerably lower than the 78 per cent recorded in 2007.

In the smaller markets of Brisbane and Adelaide, just 23 and 37 per cent respectively of homes up for auction sold.

With the Christmas and New Year holiday period just around the corner, activity is now expected to remain weak until February.
Property market still quiet
default
TheAdviser logo
default

TODAY'S POLL

View results >

Who do you aggregate through?

Thank you for your vote, you can see the results here.

more from the adviser
court gavel ta Court rules against bank for ‘unfair’ loan terms

The Federal Court has declared a number of loan contracts entered...

APRA RBA ta RBA, APRA sing different tune on serviceability buffers

APRA chair Wayne Byres has dismissed the need for a cut to the bu...

loanapplication Remodelled FHB scheme cops backlash

From 1 July, all applications for the FHLDS will require a Notice...

FROM THE WEB