Rodney Samuels Consulting: The State of the Market

Well with the footy finals upon us normally we see a slight dip in the market as people are distracted and more interested in the next big game.

This year appears to be different, with most of the year filled with distractions from the Royal Commission and the Federal Election people seem very intent to block out the noise and keep hunting for their home or investment.

A clearance rate of 77% was achieved on the weekend with 625 auctions recorded, what does this mean?

Well with an increase in auction numbers we are still seeing the clearance rate hold stable, which shows we do have a stable market.

I am sure we will continue to see the media predicting doom and gloom as they are only there to sell newspapers and not report what is really happening.

As we are now in the Spring market we should see auction numbers continue to improve and obviously continue to have a stable clearance rate.

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