State OF The Market!
Donaldson Martin & Co. Real Estate – The recent positive signs in the Victorian Real Estate market continue this week with the Reserve Bank reducing Interest Rates for the second consecutive month in a row and the (APRA) relaxing stringent lending restrictions on the Banks.
The Auction clearance rate at 72% for the week ending July 7th 2019.
The previous week the clearance rate was 73% and this time last year was 62%.
There were 290 Auctions held this week, 463 the previous week and 526 Auctions this time last year.
The Vendors that are now selling are capitalising on the shortage of properties on the market and selling for a better price and in a reduced time frame.
Call Brett, Dale or Les Donaldson now for all your Real Estate advice and or for your obligation Free Market Appraisal.
9704 7555 or email email@example.com