Investors and home owners are sometimes surprised by the substantial difference between a market appraisal and a valuation. Real estate agents provide property appraisals using their knowledge of sales in neighbouring areas and their professional experience in order to gain a listing. It is an agent’s role to get the best possible price for the
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Home auction market spring activity continues to build with most capitals recording strengthening conditions over October Sydney, Melbourne, Adelaide and Canberra each recorded strong mid-spring clearance rates with most results up on the levels reported over the previous month. With the exception of Brisbane, results were also significantly higher than those reported over the same
NOW could be the perfect time to list your home for sale with new property listings down but demand still strong. The number of newly advertised properties added to the market nationally within the past 28 days was down 1.1 per cent on the same time last, although the drops were much more substantial in
The most in-demand suburbs in Australia are now areas with attractive lifestyle options rather than just blue chip neighbourhoods, new data shows. The new REA Group Property Demand Index report, released today, shows that overall demand for houses and units is at an all-time high in New South Wales, Victoria, Tasmania and the Australian Capital Territory. The REA Group
The Sydney home auction market resumed on Saturday, following the previous weekend’s relative pause in activity due to holiday and grand final distractions. Sydney recorded an auction clearance rate of 78.8 per cent at the weekend, which was higher than the previous Saturday’s 76.6 per cent, but again well ahead of the 70 per cent recorded over
Today the Reserve Bank of Australia has kept interest rates on hold at 1.5% for the second month in a row. New RBA Governor Philip Lowe says the prices in some parts of the housing market are slowing down, but not in Melbourne and Sydney. “Growth in lending for housing has slowed over the past
The Sydney home auction market has bounced back hard by recording its highest clearance rate since June last year, at the height of the then-record boom in house price growth. Sydney recorded a stunning clearance rate of 85.1 per cent on Saturday, which was well ahead of the previous weekend’s surprisingly-low result of 77.1 per cent and, remarkably,
The weekend’s auction market result of 85.1 per cent, the highest in 18 months, means Sydney’s housing market might still be in for booming prices, experts warn. On Saturday, clearance rates jumped above 90 per cent in the upper north shore, south and inner west. At the same time in 2015, the auction clearance rate