Saturday 04th Nov 2023 was another spectacular show of auctions all over Australia, with Adelaide leading the show. RBA will be sitting on 07th Nov 2023 to discuss the cash rate rise; which is inevitable. Buyers with approvals and access to funds were trying their best to secure the properties. The maximum number of properties on sales were in New South Wales where 1544 privates sales and 1108 properties were up for auction. Overall, South Australia produced the best results in Auction Clearance This Week 05 NOV 2023.
This week's property sales results across Australia were not as expected. With over 1700 properties up for sales in Victoria and 1358 of these were only in Melbourne. Once again Melbourne lead the auction clearance this week 29 Oct 2023 in total auctions across all capital cities.
The Australian real estate market continues to buzz with activity, with most of the auctions held in Melbourne. Melbourne lead the auction clearance this week 22 Oct 2023 in total auctions across all capital cities. The buyers were out in October before the Melbourne racing cup and Christmas holidays. Buyers are enjoying the warm weather and fully utilizing their last chance to snap a property before RBA raises interest rates in Nov 2023
Australia is grappling with a surge in inflation, sparking concerns among policymakers at the Reserve Bank of Australia (RBA). The central bank has indicated that its willingness to raise interest rates hinges on upcoming labor market and inflation data. The RBA has expressed a low tolerance for prolonged inflationary pressures, signifying a potential rate hike in the near future. Australians to expect another rate rise in Nov 2023.
In the week's auction market, various Australian cities continued to display solid performance in terms of auction clearance rates. Auction Clearance This Week 15 OCT 2023, again showed promising outcome for the sellers and real estate agents with buyers fighting for the handful few properties available in the market.
With summer knocking the doors in Australia, the Auction Clearance This Week 30 Sep 2023 across major Australian cities showed promising results except NT. The market was influenced by a myriad of factors, including economic conditions, government policies, and even global events. The real estate market has become a topic of intense interest and scrutiny.
Australian Auction Clearance This week 24 Sep 2023 across major Australian cities showed promising results except WA. The market was influenced by a myriad of factors, including economic conditions, government policies, and even global events.
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
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.
