Auction clearance rates jump, best home loans announced
Monday, 29 September 2008
Patrick Stafford
More pleasant weather is seeing auction attendees turn out in droves, with most capitals enjoying a significant rise in clearance rates over the weekend.
Sydney has enjoyed some strong growth over the past few weeks, with 60% of stock falling under the hammer, and over $129 million in total sales across 275 properties.
Despite the AFL Grand Final hype, Melbourne’s warm weather saw its clearance rates jump a huge 10% to a total of 76%.
Brisbane suffered a sharp decline from last week’s 52% to 29%, with just over $4.9 million worth of properties sold. Meanwhile Adelaide jumped back from two consecutive weeks of losses from 35% to 43%, but with just seven properties going under the hammer.
And if you’re thinking of jumping into the property market, loan and insurance comparison service provider Cannex has released its latest home loan star ratings list.
ANZ has topped the list for home loans with its “standard variable” loan, earning five stars from the group. For the variable rate investment loan category Bankstown City CU snatched the top spot with its “Property Manager” loan, while Credit Union Australia grabbed the best five-year fixed loan award for its “Superior Value” loan.
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