25 September 2013
Rising Consumer Confidence Fires Up The Market Melbourne´s property market has confidently passed the test posed by the jump in spring auction numbers, posting a 78 per cent clearance rate from last weekend´s 800+ auctions. These results demonstrate that buyer demand is keeping pace with the growing number of properties being listed for sale. Economic analysts are tipping the positive conditions are set to continue, with the WestpacMelbourne Institute´s recent consumer sentiment index finding that consumer confidence has hit a three year high - a rise of 4.7 per cent for September. This is extremely encouraging news for sellers who are ready to take the next step in their property journey before the year´s out. The convergence of record low interest rates, rising consumer confidence and consistent clearance rates are all helping to drive the market, which, if the current rate of activity continues, will be powering all the way through to Christmas. While the market takes a breather for the Grand Final this weekend with just a handful of auctions scheduled on Saturday, the end of the footy season signals the beginning of Melbourne´s most popular selling season. Call us today to hear how we can kick the winning goal for your property.