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Encouraging Auction Clearance Results for 1st February 2014

Our property markets are starting to take off again with most of us back from holidays. The auctions numbers won’t build up for a few weeks yet, but today’s results as reported by Australian Property Monitors are encouraging.

Sure all the results aren’t in yet and the overall number of properties put auction were low, but the results indicate strong demand from buyers.

The results reported so far show a 73% clearance rate of in the Melbourne property market and 80% clearance rate in Sydney.

As you can see from the table below these results are significantly higher than this time last year.

These results don’t surprise me…

The buyers agents in all 3 Metropole  offices (Melbourne Brisbane and Sydney) are reporting that there just aren’t enough good properties on the market for sale yet.

Auction clearance 1 FebAuction clearance_2 1 Feb

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About

Michael is a director of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again 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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