Posts Tagged ‘realestate auction clearance’

Sydney and Melbourne auction sales hit year highs

Sydney and Melbourne property markets had their strongest auction performance in more than a year, following a period of declining property prices and sluggish sales. The return of confidence has been credited to multiple factors including cheaper borrowing due to an interest rate cut, and the preservation of negative gearing and capital gains concessions following the federal election. Commentators say if strong auctions numbers continue, it may indicate that declines in Sydney and Melbourne markets have run their course. After a prolonged period of decline in Sydney and Melbourne – which saw real prices fall 16.5% and 11.8% respectively from their recent peaks... View article »
Posted in Buy, Latest news, News, Sell on 18th June, 2019