New real estate listings, softer investor demand, competitive owner-occupier lending rates, and new first-home buyer incentives add up to ripe conditions for owner occupiers this spring, says home loan lender, ME.
Auction clearances indicate real estate market could be drifting lower
The auction clearance rate of Australia's capital cities was 74.6 per cent last week, virtually flat with the previous week's result. But Sydney and Melbourne's clearance rates are in a downward trend, says CoreLogic.
Boiling weather spilled over into a hot auction market on the weekend
Auction clearance rates were well ahead of results for the same time last year, according to CoreLogic, indicating that despite volumes almost doubling from the previous week, buyer demand is still red hot.
Sydney’s median house price has increased an eye watering 46.7% in the current cycle, suggesting property investors should be looking to other state capitals.
