After the downturn we have experienced in the market over the last 13 months, it now appears that sales activity, both on and off market, is moving steadily back towards normality.
The recent interest rate cuts and loosening of lending criteria all seem to have had the effect of encouraging more market activity, with an increase in the volume of both listings and sales.
The other factor, particularly pertinent to Australia’s biggest property markets – Melbourne & Sydney, are that clearance rates in both cities have been nudging 70% of late.
We can now look ahead to spring with a sense of positivity.
