Great results for Super Auction Saturday

The strength of Melbourne’s property market was tested today with over 1,3000 listed and  Australian Property Monitors reported results on 922 of these (so far) with a 76.9% clearance rate.

According to the REIV Melbourne’s Super Auction Saturday resulted in over $1.2 billion worth of property sold again showing the depth of the market.

As usual Sydney reported an even higher auction clearance rate of 83.2%

There is nothing to suggest this strong market will not continue for the rest of the year, it’s likely we’ll see median prices finish on new highs  at the end of the year.

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Michael is a director of Metropole Property Strategists who create wealth for their clients through independent, unbiased property advice and advocacy. He's been once agin been voted Australia's leading property investment adviser and his opinions are regularly featured in the media. Visit Metropole.com.au


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