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.
Article Source : Nerida Conisbee – Chief Economist Trying to predict how many homes will sell in any given year is far more complicated than predicting prices. While price growth is often assumed to be the main driver of transactions, the relationship between the two is surprisingly weak. There are … Read more
Choosing the right real estate agent can be the difference between a smooth, successful transaction and a stressful experience. Whether you’re selling, buying, or leasing, the agent you choose should align with your goals, communication style, and expectations. With so many agents in the market, knowing what to look for … Read more