Rodney Samuels Consulting: The State of the Market

With the distraction of the AFL finally over we saw a return to the normal for the auction calendar.

A clearance rate of 76% was achieved which means even with a little slip we are still in very stable and strong territory.

We are slowly starting to see stock levels rise and with that a better level of good quality property is becoming available.

What does this all mean for the person on the street?

As we see available amount of property improve it could quell the interest and may pull back the clearance rate, I personally believe we will just see more people return to the market as they continue to see properties they wish to buy become available.

If this occurs it proves how much pent up buyer interest there is and the market should continue from strength to strength.

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