Thomas Merriman

I don’t want to speak too soon, but it feels like Spring.
The sun is rising earlier, grass is starting to grow and the Auction clearance rate is almost up at 80%.

Recent news of the RBA’s decision to cut the official cash rate even lower to 1.50% definitely spurred the market on slightly, see a couple of points rise in the Auction clearance results.

There were originally 393 Auctions scheduled for the weekend with 287 reported to have taken place and 246 sold under the hammer, reportedly. With 23 withdrawn for whatever reason.

The Clearance Rate was 79% and the median sale price of property sold was $1,191,500