Does anyone care about the Weekly Auction Results, such as the clearance rate?
Does that mean something for the property market?
chrislee
http://www.auhouseprices.comA good website for your to check the Australia Property Sold Prices, http://www.auhouseprices.com
I have a mild interest. It does show generally if things are hot. But if you didn’t know that without looking at the numbers you shouldn’t be in the property investment game.
The results also don’t tell the whole story. Go to a few auctions Nd you’ll see the lengths agents go to to get a sale. In slow times agents talk vendors in to taking lower than their reserve. So yes it sold but st a good price? No.
Also looking at passed in prices. If bids are low the agent will put in avendor bid so it looks like it was passed in at a higher price.
The numbers are not everything, as they can be twisted.
I’m the same as Catalyst. I take notice – and factor it in, but it’s only part of a greater due diligence process.
I think the media likes to place a spin on it for headline grabs.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
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