“This weekend there was 631 auctions of which 75% sold with 40% less auctions as the same time last year, we are seeing consistent clearance rates in the 70s indicating a steady market

Family’s upsizing and older buyers downsizing are making up the majority market. Lower than ever interest rates are keeping home buyers interested in purchasing, the lack of quality stock on the market is contributing to runaway results of quality properties in the sub one million dollar price bracket.

Also the looming election is causing uncertainty for investors due to the hot topic of negative gearing. Our tip for the week – sellers can seal problems, they rarely fix them, always get a building inspection before buying, know the defects and allow for them in your price.”