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

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Monday, 7th February 2022

With January having come and gone, and now that we are settled into the new year, it is a great time to reflect on the month that was. The data from January has given us some early insight about what we can expect from the Real Estate market in 2022. We saw an increase in…… Continue reading Monday, 7th February 2022

Monday, 13th December 2021

With 12 days till Christmas the Real Estate market sent to me, 21 auctions over the weekend,9 opens for me,And a partridge in a pear tree. Okay maybe not the last one, but we are still seeing tremendous results with a company wide auction clearance rate over 85% for the weekend. We’re still tracking well…… Continue reading Monday, 13th December 2021

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Monday, 6th December 2021

19 days till Christmas and I still haven’t done my Christmas shopping, but more importantly, there seems to be no slowing in the Adelaide property market. There was a strong number of attendees across our open homes over the weekend, and with a company wide auction clearance rate over 85% for the weekend, the heat…… Continue reading Monday, 6th December 2021

Monday, 29th November 2021

We sold 16 out of 19 properties at auction over the weekend, across South Australia. From units, townhouses, family homes, development sites and rural property, the demand from prospective purchasers is still strong. Adelaide had its busiest auction weekend ever with 299 properties going to auction, achieving a clearance rate of 78.7%. It was more…… Continue reading Monday, 29th November 2021

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Monday, 22 November 2021

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.…… Continue reading Monday, 22 November 2021

Monday, 15 November 2021

Welcome, 40 days till Christmas (but whose counting) the silly season is well and truly here, the appointments and events are stacking up and the days are getting longer. Over the weekend we went 100% at Auction, selling 14/14. It’s gone from a fervent market in March/April/May to a hot market. There were some deals…… Continue reading Monday, 15 November 2021

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