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.
Subscribe & don’t miss a single episode of Michael Yardney’s podcast
Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.
Need help listening to Michael Yardney’s podcast from your phone or tablet?
We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.
Prefer to subscribe via email?
Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.