The real estate market in Australia has always been a subject of interest and speculation. For prospective buyers and sellers, keeping an eye on auction clearance rates can provide valuable insights into the current state of the market. Auction Clearance This Week 16 Sep 2023 brought a mixed bag of results
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After the RBA meeting on 05th Sep 2023, the Australian property market has shown some great results. With most states and capital cities showing excellent results. Auction Clearance This week 09 SEP 2023 once again showed that Adelaide is still the top rated capital city with the maximum clearance.
In the final Monetary Policy Decision meeting for Philip Lowe before his RBA Governor tenure ends, RBA kept Target Cash Rate unchanged at 4.10 % for the third month in a row. As per media release, published on the RBA website, Inflation has already crossed its peak and the CPI indicators for the month of July have shown yet another decline.
In the dynamic world of Australian real estate, where fortunes are made and dreams are realized, auction clearance rates this week were the barometer of market health.
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The property market was full of activity this week, marked by another good set of results in auctions. All capital cities except Canberra showed positive signs in the auction clearance rate.
