Yet another interesting progression in the market at the weekend with Auction Clearance rates still sitting up in the 80% range and median prices for property sold up again.
There is smudges of positive and negative feedback about the market in the media publications including the increased rumble from the ‘disruptors’ to the industry.
In the meantime:
The recorded Auction Clearance Rates were 81% with 574 Auctions originally scheduled to go up and 408 taking place. There were 352 reported to have sold under the hammer, and from what I have seen a whole lot sold since, that may have passed in etc.
There were also 28 properties withdrawn from Auction for whatever reason.
The Median sale price of property sold under the hammer was up at $1,200,000 which is huge.
I think it is getting warmer. …
Thomas Merriman.
Thomas Merriman 