Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
subscribe to our newsletter
Auctions prove to be stronger in 2014

Auctions prove to be stronger in 2014

Australia’s property auction clearance rates are set to exceed last year's figures, according to CoreLogic RP Data.

The average clearance rate for capital cities is sitting at 68 per cent, with one week to go in 2014, compared with 66.2 per cent in 2013.

Adelaide is likely to experience the biggest increase of all the capitals, with its clearance rate expected to rise 5.5 per cent to 62.0 per cent.

Advertisement
Advertisement

Brisbane’s clearance rate is predicted to rise 4.3 per cent to 45.8 per cent for 2014, while Canberra is tipped to rise 3.5 per cent to 55.8 per cent.

The clearance rate for Sydney is also expected to rise by 1.8 per cent for the calendar year to 74.5 per cent.

Perth is set to record a lower clearance rate for 2014 than the previous year, down 5.3 per cent to 41.2 per cent.

Melbourne is expected to post a solid clearance rate of 68.6 per cent for the year, which will be 0.6 per cent lower than in 2013.

Auctions prove to be stronger in 2014
mortgagebusiness

 

Latest News

The Australian Securities and Investments Commission has commenced a court case against NAB over allegations that 16 bankers accepted loan i...

The CEO of an ASX-listed mortgage business has seen demand for housing loans “rise significantly” in response to the recent shift in sen...

The non-major has reduced variable and fixed rates across its owner-occupied and investment home loan products. ...

FROM THE WEB
podcast

LATEST PODCAST: Acquisitions and evolution

Do you think the mortgage market will see more consolidation this year?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.