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The colder weather isn’t keeping anybody away from auctions, with the clearance rate continuing to remain steady.
Auction clearance rates have had a steady winter but could be heading higher as we enter into the traditional selling period of spring.
The first weekend of FY15 got off to a robust start, as last financial year recorded an increase of 10.1%.
The property market has had a stellar six months and prices along the east coast keep moving upwards.
Compared to the broader market, good quality real estate investment trusts (REITs) have provided investors with robust distributions so far this year.
It looks like national auction clearance rates are levelling off, with not much change over the last three months in major capital cities.
There is still heat in the market with auction clearance rates picking up and the number of days it takes to sell a property falling.
It was a slow, cold week for property, but the next few weeks will show whether we’re about to see a downward trend, or just a welcome softening in prices.
There is still some heat in the auction market, as the clearance rate headed north again. Record volumes at auctions are meeting improved demand from buyers.
Founding director of Share Wealth Systems, Gary Stone, realised very early on he’d be better getting into an SMSF sooner rather than later. Now, 17 years later, he is well ahead of the curve.
