A robust clearance rate of 70.4 per cent nationally on preliminary figures has boosted confidence that the spring market will maintain the recovery even as volu…
The worst appears to be over for the Sydney and Melbourne property markets after yet another successful weekend of auctions.
Auction volumes in Sydney are still well down on last year, but a solid clearance rate shows buyers and sellers have finally found the perfect meeting place.
The property market is cooling, but prices are still growing and at a much faster rate than wages and consumer inflation.
Home values in Melbourne contracted in May, but it is likely to be a brief reprieve from the rising market, according to CoreLogic RP Data.
The property market is set to deliver a bumper year, following yet another week of solid auction clearance rates.