It's not all doom and gloom for markets

Auction clearance rates reach 78.4% (By Lincoln Stollery, 26th August 2019)



In a strong sign for the property sector, Sydney house auction clearance rates reached 78.2% and a 2 year high over the weekend, adding to what has been a shift in positivity over the last 12 months.


Separate figures from Domain put the national preliminary clearance rate at 78.4%, up from 69% a week earlier, with Melbourne at 81.2%.


Clearances dropped as low as 40% in August of 2018, which saw property prices tumbling nearly 10% from their peak. 


 


Clearances were also well above the 54.6% recorded in the same weekend last year:



This is great news for iPartners investors, as we continue to seek attractive property deals to aggregate via our platform. 


Some of our recent property investment opportunities include:


Hynds Rd Development - Box Hill 

Candlebark Development - Box Hill 

136 Tallawong Road Development - Rouse Hill 


If you are interested in discussing a past property investment or potential future investment opportunity, we would love to chat to you. 


Please don't hesitate to email service@ipartners.com.au