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Real Estate Market News

What a Difference a Week Makes

So much has happened on a positive note over the last week. Firstly, the surprise election result has meant we will no longer have a change to the negative gearing policy. Secondly, APRA has proposed a favourable change to their serviceability buffer. And to cap the week off, there was a strong indication from the Reserve Bank Governor that interest rates will fall next month.
As I wrote last week, we have seen signs of the market stabilising – which was evident again on Saturday 25th May – and the feeling moving forward is exceptionally positive.
Marshall White achieved an impressive 74% clearance rate, well exceeding Melbourne’s Saturday clearance rate of 60%, according to Domain.

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