In this week’s 2 minute property investment news video we discuss a number of highlights including good news that the Gold Coast property market which has struggled for the past few years might finally be turning.
The Ray White Surfers Paradise group – reportedly the largest real estate business in Australia – had a 70 per cent clearance rate for auctions in March. It’s also the third straight month Surfers Paradise has held auction clearance rates of 70 per cent.
Andrew Bell says buyers are more willing to meet vendor expectations. That is a refreshing change from seeing sellers having to meet buyers expectations.
The Gold Coast isn’t the only market showing a stronger performance because the Real Estate Institute of Victoria says 1162 homes went under the hammer for the Auction Super Saturday in March, making it the fifth busiest day in the last decade. The auction clearance rate was 68 per cent. The clearance was even better in Sydney, at 70 per cent. This is certainly a positive sign for at least 3 of the capital city markets markets.
On a lighter note, not all property buyers are as active.
Some psychics in Adelaide say home-owners are using their services. They’re apparently making sure no ghosts are lurking around and also making sure the ‘energy’ is good, whatever that means. In my experience the only energy you need to be concerned about if you are selling is the energy of your agent.
Kevin Turner hosts Real Estate Talk – a weekly property investment internet based radio show you can listen to on the go on your smartphone, tablet or computer. Subscribe now by clicking here. It’s free and apart from lots of great information from all of Australia’s leading property experts, you’ll get some great bonuses for subscribing.