13 Jun
Posted at 16:00h
in Auction Update, Buying a property, Finance, Kevin Turner, Kevin's Update, Latest Stories, Property Investment, Real Estate Talk, Research, Shows, Sponsored Channels, Trends, Videos
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- Clearance remains over 70%
- Listings reduce
- Hint that increased rates are impacting
The combined capitals hosted the quietest auction week since Easter, with six of the eight states and territories celebrating the Kings birthday long weekend. This week saw 1,040 capital city homes auctioned.
Of the 825 results collected so far, 72.4% returned a successful result. Despite remaining above the 70% mark, this week’s preliminary clearance is the lowest in six weeks, suggesting the June rate hike may have tempered buyer and vendor confidence.
Watch a comprehensive wrap on the week’s national auction activity with Eliza Owen from CoreLogic. Auction Update is seen exclusively on Realty Talk. See all our shows at Realty.com.au
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