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Auction clearance rates increase nationwide

By Ben Faulks

With 2015 just around the corner, now could be a great time to consider changing up your living situation and buying Belconnen real estate in the coming months. As auctioning becomes a more popular sales method across Australia, this could offer opportunities for buyers in the near future. 

In fact, a recent blog post from RP Data released auction clearance figures for the country, which found 2014 has experienced a stronger year for these sales than 2013. In fact, the capital city clearance rate last year finished at 66.2 per cent. However, with still a few weeks to go, 2014 has already recorded a clearance rate of 67.9 per cent. 

This could be encouraging for any buyers interested in making moves into the Belconnen real estate market. Furthermore, the latest CoreLogic RP Data Hedonic Home Value Index for November shows Canberra recording a median house price of $511,200, with prices beginning to steady out to a more sustainable level of growth for the future. 

Now could be a great time to get in touch with a local real estate agent to start looking into the housing options available to you in the local Belconnen community. 

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