Will Spring really Spring?
The clearance rates came in at 56.3% over the weekend, staying around a similar level which was 58.6% the previous weekend. However, the Lower North came in strong at 71.9%.
Number of properties scheduled for auction were low and we are hearing that stock levels are down coming into the Spring months.
Although most vendors are being cautious, some do really need to sell and therefore are wanting to test the market by hiring an agent to 'show to their database' or run the property 'off market'.
We are seeing a huge amount of off market property at the moment and are being exposed to many for our clients on a daily basis. To be exposed to these properties that you aren't seeing, contact our team today on 02 9960 1066 or enquiries@pkproperty.com.au.
**Source: Dr Andrew Wilson, Chief Economist at My Housing Market