Look what happened to auction clearnace rates on election Saturday

Despite being election day yesterday, Australian Property Monitors reported that there were 277 auctions listed in Sydney  & 422 in Melbourne!

The strength of consumer confidence prevailed and  87.6% of those for sale at auction in Sydney and 76.6% for those put to auction in Melbourne:

AuctionResults7September

The auction clearance results next Saturday will be very interesting

 



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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


'Look what happened to auction clearnace rates on election Saturday' have 2 comments

  1. September 8, 2013 @ 10:26 pm Billy

    These are some pretty impressive numbers… Not so long ago a 50% clearance rate in any capital city looked alright.

    Reply


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