The follow up to the long weekend solidifies that the property market is hunkering down for winter and we are in it for the long haul, together.
Auction clearance rates remained strong at 78% and the high number of agents and vendors still relying upon Auction as the preferred method of sale continues.
There were 649 properties originally listed to go to Auction with 430 taking place and 367 reported to have sold under the hammer. With 39 being withdrawn for whatever reason.
The Median sale price up slightly from last week at $1,117,500 which would be expected as the long weekend wasn’t a normal … ‘normal’ weekend at Auctions.
Traditionally external factors such as; winter, rain, elections, long-weekends and international market conflicts would be wreaking havoc on a buoyant market, maybe even hinder it. But no! This is a defiant little bubble we have, maybe even not a bubble?
Thomas Merriman.
Thomas Merriman 