Real estate in Melbourne and Sydney is proving to be particularly popular among buyers, with auction clearance rates in Australia’s two largest cities outpacing all other state and territory capitals.
This could be reassuring news for anyone planning to sell Carnegie property at auction, as clearance rates in the Victoria capital – as in Sydney – are currently sitting around the 70 per cent mark, says RP Data research director Tim Lawless.
He added that these clearance rates are nearly ten per cent higher than the national average, which is close to 60 per cent.
Mr Lawless explained: “Overall the housing market is in much better shape than it was a year ago where values were still falling and market sentiment was very low.”
But increasing property values and strong clearance rates suggest that confidence is returning to the market – and sellers who are thinking about making their next move might do well to pay attention.
If you are keen to sell real estate in Oakleigh or Carnegie, contact the team at Ray White Carnegie today. We can help you through the entire process of marketing your home, ensuring you attract the right buyers and achieve the best possible price.
The sun is one of nature’s greatest gifts—free, renewable, and life-sustaining. Beyond its role in keeping our planet habitable, sunlight can have a profound impact on how we live, feel, and function within our homes. By learning how to utilise the sun effectively, you can enhance your comfort, lower energy … Read more
Purchasing a property is an exciting milestone, and as settlement day approaches, one of the most important steps is the final inspection. This is your opportunity to ensure the home’s condition matches what was agreed upon in your contract of sale. A well-prepared inspection can save you time, stress, and … Read more