Sydney Auction Results – 17 July 2010 to 24 July 2010

There was a decrease in the total amount of properties that went to auction this week compared to the previous week, however, clearance rates were stronger this week – up nearly 10% more then the week prior. With Spring approaching, we see supply gradually increasing and continuing strong price growth. Buyer demand is still strong – we are

Sydney Auction Results – 10 July 2010 to 17 July 2010

Auction clearance rates from the period between 10 July 2010 to 17 July 2010 increased from the week prior –  62% clearance compared to 53% between 3 July 2010 to 10 July 2010. See auction data below sourced by Autralian Property Monitors (APM). Property Snapshot Total Properties:                                  207 Sold:                                                  147 Withdrawn:                                          31 % Cleared:                                           62% Total Sales:  $102,901,500 Median:                                               $737,500 These auction

Sydney Auction Clearance Rates

Auction clearance rates in Sydney have gradually declined from earlier in the year as indicated in the graph below – January performing the strongest. Clearance rates have been consistently high in Sydney and also nationally. We see clearance rates bouncing back come the July quarter.Weekly auction clearance rates are a correct and consistent indicator to demonstrate how property

RBA leaves cash rate on hold at 4.50%

As expected the RBA have decided to leave the cash rate on hold. Homeowners can sleep easy for another month after the RBA made this decision following the board meeting on Tuesday 6 July. There is speculation that the RBA is likely to leave the cash rate at 4.5 per cent until there is further information on

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