Melbourne Auction Results | 15th June 2019

Melbourne Auction Results | 15th June 2019

Melbourne’s auction clearance rate improved to 65 percent on Saturday from the previous weekend’s 60 percent. After a slow Queen’s birthday long weekend, more listings were noted. CoreLogic’s auction analyst Kevin Brogan cited the interest rate...
Melbourne Auction Results | 8th June 2019

Melbourne Auction Results | 8th June 2019

Melbourne’s auction market recorded a clearance rate of 60 percent over the weekend. Many first homebuyers felt being left out as more investors and international buyers took part in the auctions. The number of scheduled auctions was still low at 173 while the...

RBA cuts interest rates to record low

The Reserve Bank has cut its official interest rate from 1.5% to a historic low of 1.25%. This was a widely expected result and is the first change in the RBA’s policy setting since August 2016. The RBA governor Philip Lowe suggested an upcoming rate cut in last...