The national preliminary auction clearance rate was 71.5% while Adelaide continued to lead the nation with preliminary auction clearance rate of 88.9% from 130 auctions, compared to the clearance rate of 66.7% same time last year. The national clearance rate illustrates a balanced market between buyer and seller price expectations, while Adelaide is still a…… Continue reading Weekly Wrap – Seasonal Property & Purchaser Uplift
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Weekly Wrap – The Show is in Town, as the Spring Selling Season Starts.
The national auction clearance rate was 71.2% indicating the strongest start to a spring selling season since the start of the Covid-19 pandemic. Adelaide’s auction clearance rate was 82.8% from 103 auctions, compared to the clearance rate of 67.2% same time last year. The has been no shortage of prospective buyer turnouts at open inspections…… Continue reading Weekly Wrap – The Show is in Town, as the Spring Selling Season Starts.
Weekly Wrap – 28 August 2023
The national auction clearance was 72% from 2,275 auctions, illustrating resilience in the housing market given it was the busiest auction weekend since prior to Easter. Adelaide lead the nation with an auction clearance rate of 88.2% from 127 auctions with a median sale price of $850,000, compared to the national median of $1,250,000. New…… Continue reading Weekly Wrap – 28 August 2023
Weekly Wrap – 21st August 23
Adelaide’s auction clearance rate was 76.2% from 116 properties sent to auction. The National clearance rate was 74% making it the highest clearance rate in 6 weeks. Properties priced sub $650,000 experienced fantastic turnouts over the weekend. With the 4 bedroom 2 bathroom homes, on a good parcel of land still being the pick of…… Continue reading Weekly Wrap – 21st August 23
Weekly Wrap – Matildas win, rental pain, homeowner gain, first home buyers remain.
74.6% was Adelaide’s auction clearance rate from 92 properties sent to auction. The National clearance rate was 71%. The trend over the weekend was that of quality over quantity, by way of number of prospective purchasers attendees at open homes. New housing approvals fell to their lowest level in over four years, mainly due to…… Continue reading Weekly Wrap – Matildas win, rental pain, homeowner gain, first home buyers remain.
Weekly Wrap – Sydney clearance rate dips, Adelaide posts the best result of the five capital cities.
– 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…… Continue reading Weekly Wrap – Sydney clearance rate dips, Adelaide posts the best result of the five capital cities.
5 FREQUENTLY ASKED QUESTIONS IN REAL ESTATE
I live, eat, breathe and even dream about real estate, here are the 5 questions I get asked the most about real estate. 1. What is my house worth? Of course it is number 1. Real Estate is a national sport here in Australia and everyone wants to know what their home is worth. A…… Continue reading 5 FREQUENTLY ASKED QUESTIONS IN REAL ESTATE
New Year, New Housing Market
As we wrap up for the year, here is my quick recap and take heading into the new year. Adelaide experienced 13.4% (as per CoreLogic Australia) growth in dwelling values throughout 2022, with the peak coming in July of 2022. Heading into 2023, our advice to clients thinking of selling is to sell in early…… Continue reading New Year, New Housing Market
Rates Rise, Stock Slumps, Prices Plateau.
The stats that matter 5 5 rate rises in 5 months taking the official cash rate to 2.35% the highest since 2015. Loan SizeIncrease in repayments for Sep .5% increaseTotal increase in repayments w/5 rate rises (May – Sep)$500,000$144$614$750,000$216$922$1 million$288$1,229 1414 percent fewer properties were available in Adelaide over the winter months. 27After 27 months…… Continue reading Rates Rise, Stock Slumps, Prices Plateau.
Are you eligible for the First Home Buyers Guarantee?
Happy New (Financial) Year, 1 July means the Government has opened up 35,000 places to eligible first home buyers as part of the Home Guarantee Scheme, an Australian Government initiative to help first home buyers purchase a home sooner. This scheme assists home buyers to purchase a home with as little as 5% deposit without…… Continue reading Are you eligible for the First Home Buyers Guarantee?
Record volume as markets grapple with escalating conflict between Russia and the Ukraine
The last weekend of auctions for February 2022 saw a record level of properties go to auction for the month of February since the data was first recorded. The number of auctions in Adelaide is up 122% on last year, given the strong selling conditions, Adelaide is leading the way as the best performing capital…… Continue reading Record volume as markets grapple with escalating conflict between Russia and the Ukraine
Yianni Garbas 