Auctions Expected to Bounce Back in Late October

Weekend auction clearance rates finished at 68.7% for all capital cities, down from the same time last year at 72.5% but up from last week’s 66.9%. Forecasts show that the property market is set to bounce back as auction volumes are expected to rise late in October.

Sydney still leads all capital cities with a 75.8% increase despite dropping from last week’s 76.4%, followed by Melbourne, finishing at 67.2% from over 1,000 auctions in the area. Brisbane continues to rise steadily as it recorded a clearance rate of 54.2% from 47.4% last week.

Read more about this on the Property Observer website.

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Author: Dorian Traill

Dorian Traill is the current Director of Grand Capital Finance Group and Fountain Property Group. He specialize in home loans for people as well as helping them build wealth through quality investment properties that ultimately lead to long term financial freedom.

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