Clearance rates are on the increase at auctions as investors and homebuyers alike seek out more property for sale.
Buyers are heading back to auctions in February with the rate cut expected to feed through in a couple of weeks.
Properties continued to be sold in January, although auction levels were way down, with an increase of 1.3% in dwelling values of the combined capital cities du..
After winding down over Christmas, buyers are back in the market with a number of multi-million dollar sales over the past week.
The year ahead will see some tapering off in residential prices in some areas, but there will still be pockets of growth, according to BIS Shrapnel.
It’s the end of the year and despite growing talk of a bubble, the property market will finish 2014 on a high.