– 76.7% was Adelaide’s auction clearance rate from 105 properties sent to auction. (A auction clearance rate in excess of 70% illustrates a seller’s market).
– 13.8% is the volume that refinancing activity rose for the month of July nationally. (South Australia recorded an increase of 19.4%).
My observation from the weekend results is that there are definitely some good buying opportunities out there. Good blue-chip properties continue to sell and sell well, as do those properties which require next to no work to move into.
July property listings in SA were the lowest since January 2023. However, the activity suggests a pick-up in listings heading into the spring selling season which looks like it will be the most balanced market since covid.
Have a great week.
YG
Yianni Garbas 