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1.Market Observations, 8.Was Sticky

19 Sept 2016 (AFR) – Low rates fire up investors at auctions as unit sales slow

(19 September 2016, AFR, p3, by Su-Lin Tan)

‘Low interest rates have continued to heat up the housing market as strong demand for established homes, including from investors, outpaced supply.  In the third week of the spring selling season, preliminary auction clearance rates were a high 85.1 per cent in Sydney and 78 per cent in Melbourne, according to Corelogic.  Reinforcing the broad strength of demand, Sydney’s south-west cleared…’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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