According to the report in the land down under, the percentage of home for sale and housing sales in their place has been on s slow pace and tend to have difficulty on selling houses. In this case they have decided to lower the rates to attract more home buyers especially the first time home buyers in the state.
In addition to the report there is a recent decrease in the auction in Sydney, stated that almost less than half has been sold in which according to them is quite low. This is said to be the lowest clearance rate in 18 months, with the highest auction clearance rates were recorded in April. The record in the month of April was 75 percent properties sold. On the other hand, this record repeatedly declined over the months. In regard with the data reported from RP stated that the home listings has been in rise last 2008, for the moment the total percentage of clearance was said to be only 58 percent.
According to research director Tim Lawless, as reported in the Sydney Morning Herald, “The most surprising factor is that volumes remain so buoyant, despite the fact that clearance rates have been trending down for 11 weeks now.”
In line according to the SQM study, approximately 370,000 homes might be advertising in the market for this year’s upcoming spring season and probably be sold. This followed an raise in the number of properties promoted for sale over the last two months.
Source: SEER Press News
In addition to the report there is a recent decrease in the auction in Sydney, stated that almost less than half has been sold in which according to them is quite low. This is said to be the lowest clearance rate in 18 months, with the highest auction clearance rates were recorded in April. The record in the month of April was 75 percent properties sold. On the other hand, this record repeatedly declined over the months. In regard with the data reported from RP stated that the home listings has been in rise last 2008, for the moment the total percentage of clearance was said to be only 58 percent.
According to research director Tim Lawless, as reported in the Sydney Morning Herald, “The most surprising factor is that volumes remain so buoyant, despite the fact that clearance rates have been trending down for 11 weeks now.”
In line according to the SQM study, approximately 370,000 homes might be advertising in the market for this year’s upcoming spring season and probably be sold. This followed an raise in the number of properties promoted for sale over the last two months.
Source: SEER Press News
