Melbourne and Sydney House Sales Recovering

Both Melbourne and Sydney property market saw a preliminary auction clearance rate in the 70 per cent range, with Sydney leading at 78.2 per cent, according to CoreLogic. It is a great sign showing a slow creep of the return of market confidence.



Though we are unlikely to see the property boom of 2012-2017 soon, the clampdown on lending volumes and standards meant credit would not be as easily available this time, particularly in aspiration suburbs outside of the centre of Sydney.



Leading into spring, we could see the adjustment being corrected picking up both auction rates and property prices.




 
Published
10/07/2019
Publisher
Everland
Author
Everland
Find us on social media