19/20 sold at Auction over the weekend, continuing our extremely strong clearance rate for 2021.
Looking across the country, realestate.com.au is illustrating clearance rates >80% across most of the capital cities, a slight decline in previous weeks.
It is interesting to see some articles in the media discussing that there is a shift to a buyers market. This is being seen, but particularly in the eastern states. Given their incredible surge in listings over the past few weeks, it is no wonder they have seen a bit of heat come out of the market.
I do expect some cities may slow in growth next year or have a slight price correction.
When looking specifically at SA, our real estate available for sale still remains low, of the 12,048 listings in SA 26% are currently under offer, and our price to income levels have not been stretched to the extent of Sydney & Melbourne.
With 33 days till Christmas, we are in for an exciting end to 2021.
Yianni Garbas 