Auction buyers undeterred by rising interest rates and higher unemployment
The auction clearance rate across Australia's capital cities rose last week to 76.2 per cent, despite the prospect of interest rate rises and job losses.
Weighing up rental vacancies and unemployment rates
Ideally property investors will purchase in a suburb where vacancy rates are high and unemployment figures are low, but the two factors have to be weighed up if either is less than ideal.
Sydney's auction clearance rate hit a 14-month high on the weekend, with 81% of properties put to auction selling, confirming the Harbour City's real estate market is streaking ahead of the rest of the country.
