This week, nearly 2,000 homes in Australia participated in the auction, which was basically the same as last week’s auction, indicating that the number of auctions has continued to be stable recently. The preliminary clearance rate for this week was 75.6%, which was slightly lower than the initial clearance rate of 77.3% last week. A total of 2,139 homes were auctioned in the same period last year, with a clearance rate of 46%. A total of 912 houses in Melbourne participated in the auction this week, with a preliminary clearance rate of 75.1%. It is slightly lower than the 75.2% clearance rate last week. But the number of auctions last week was 60 more than this week. A year ago, a total of 1,087 houses were auctioned in Melbourne, with a clearance rate of 45.7%.
The market’s quality is often seen in the loan. In the three months to the end of August this year, the investor’s home loan has risen sharply by 11.6%, which is the biggest increase since November 2016. The number of investor loans has always been an important indicator of market dynamism. Investors returning to the market will have a significant boost to the housing market price. In the past three months, investors have concentrated on growth in Victoria and Queensland, each growing by 19.1%. Australia has the fastest population growth in both states and is one of the main reasons for attracting a large number of investors. In addition, since May, central bank and major bank interest rates have gradually decreased, and the three-year fixed interest rate has been flat with the return rate of investment houses. At present, the average three-year fixed investor interest rate of major banks is 3.8%, while investment houses The annual rate of return is 3.7%, which is only 0.1%. This change will cause more and more real estate investment to change from negative cash flow to positive cash flow, which will reduce the burden on investors and may promote them. Expand new investments.
In terms of market auctions, as the number of auctions in the market has increased over the past two weeks, the liquidation rate of the entire market has stabilized, and in some areas of the low-end market, there has even been a brief small decline, but this does not affect at all. At the top of the 25% auction, the richest people in Australia are looking for the right property in the market.
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