Hi Guys,
Havent been as active in the last couple months as the market was way too hot and I decided to sit on the sidelines.
Currently I'm in the process of having the last of my portfolio valued through the bank to extract all equity in preparation for the next few years to purchase property. Basically I'm setting up LOC's with LVR up to 90%.
In my field of work, I have access to RP DATA Pro which I rarely use, but was curious RE the clearance rates.
Two weekends ago, all states across Australia had 100% success, where Victoria/NSW were both at or around the 98% with the only one property being passed in, or sold prior.
Just had a look at last weekends figures and the numbers are incredibily low.
Just naming:
NSW - 69.5%
VIC - 61%
QLD - 37.5%
Thoughts?
Havent been as active in the last couple months as the market was way too hot and I decided to sit on the sidelines.
Currently I'm in the process of having the last of my portfolio valued through the bank to extract all equity in preparation for the next few years to purchase property. Basically I'm setting up LOC's with LVR up to 90%.
In my field of work, I have access to RP DATA Pro which I rarely use, but was curious RE the clearance rates.
Two weekends ago, all states across Australia had 100% success, where Victoria/NSW were both at or around the 98% with the only one property being passed in, or sold prior.
Just had a look at last weekends figures and the numbers are incredibily low.
Just naming:
NSW - 69.5%
VIC - 61%
QLD - 37.5%
- Just a tough/unlucky week
- festive season
- investors realising prices are stupidly expensive
- home owners being too greedy
Thoughts?