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News

News

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Melbourne market breaks another year-high auction result

Posted on 25 May, 2015 at 0:30 Comments comments (973)

Melbourne's hot weekend home auction market reported another year-high result on Saturday, and now it's no longer just the eastern suburbs feeling the heat.

 

The 83.3 per cent clearance rate eclipsed the previous non-holiday peak of 82.1 per cent, recorded just three weekends ago. Clearance rates of more than 80 per cent on have been recorded on five of the last six weekends, and only just failed to reach that benchmark on May 9, when a rate of 79.7 per cent was recorded. Th...

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Chinese outward real estate investment skyrockets

Posted on 20 May, 2015 at 21:50 Comments comments (368)

Sheraton on the Park hotel was bought by Chinese investors. Photo: Jim Rice

The softening of the Chinese market conditions, and government policy encouraging overseas investment by Chinese firms, has led to more than $US7.8 billion of global transaction in the first four months of 2015 (excluding residential dwelli...

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Sydney real estate: Reserve Bank's hand in surging clearance rates

Posted on 17 May, 2015 at 22:30 Comments comments (6816)

Buyers are being spurred into action by record low interest rates. This house at 18 Court Road, Double Bay, sold at auction on Saturday for $2.7 million. Photo: Supplied


Days after the Reserve Bank slashed interest rates to record lows the Sydney auction market recorded its highest clearance rate ever.

 

T...

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