Archive for December, 2013

Weekly Property Pulse

Property Pulse

Sydney breaks record… again!

According to Australian Property Monitors, Sydney was the host of another record-breaking 995 auctions, which breaks the record of 891 auctions set two weekends ago. This is 82 per cent higher than the 547 properties auctioned over the same weekend last year.

With a reported clearance rate of 76.1% for Sydney (APM), although being … Continue Reading »

Weekly Property Pulse

Property Pulse

Capital cities feel summer heat

The first weekend of summer has seen a five month low in recorded auction clearance rates across Sydney & Melbourne in what has been described as a pre-Christmas rush, with an increased number vendors listing their property for sale by auction before the year is out.

In Sydney, the auction clearance rate … Continue Reading »

Interest Rate News – December 2013

Interest Rates

Interest rates stay on hold

In the final meeting for the year, the Reserve Bank has decided today to leave the cash rate on hold. The decision comes as no surprise to most as the result was widely expected.

Rates have now been steady for the past 4 months following the August decision by the Bank … Continue Reading »

Weekly Property Pulse – Week End 1st Dec 2013

Property Pulse

Another huge weekend of auctions across Sydney & Melbourne

Another weekend of exceptionally large stock numbers for NSW and VIC marketplaces. According to Australian Property Monitors (APM), Sydney recorded another clearance rate above 80 per cent despite hosting the highest number of auctions ever conducted on a Saturday.

This now takes Sydney auction clearance rates above … Continue Reading »