Clearances rise to 60 per cent, from 50 per cent earlier this year for Victoria!! Yay!!
Some real estate analysts believe property purchasing behaviours in Melbourne are now mirroring those that kick-started the housing market recovery of late 2008.
RP Data research analyst Cameron Kusher confirmed ''The current data is a telling sign that although there have been ongoing weaknesses in housing markets, there are signs of improving market conditions,''
Current 3% interest rate is the lowest it ever has been for 8 years!! This should improve housing affordability, boost sales
Sellers - are becoming more realistic in their expectations and purchasers are realising that this might be the levelling of the market. While it is not going to turn around quickly, it is certainly not going to fall any further.
Buyers - are no longer waiting for a further drop in prices
Check out the video in the link above :
Weekend auctions: hammer horror --> Megan Gale's pre-auction sale was a model result, but the clearance rate appears to be on the slide. Simon Johanson reports.
Quick review on Megan Gale's house and comparison of Melbourne and Sydney's property growth status
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