Is ‘ultra-cheap’ funding on its way out?
A second big four bank has gone and hiked its fixed home loan rates for owner-occupiers. ...
Auction activity picked up slightly at the weekend led by Sydney where the clearance rate topped 60 per cent, according to Australian Property Monitors.
The most expensive property sold at the weekend was a five bedroom house in Artarmon, which went under the hammer for $2.6 million. The cheapest property to sell was a three bedroom unit in Harris Park, which sold for $330,000.
In Melbourne just under 60 per cent of the properties listed for auction cleared – 59.1 per cent – slightly higher than the 54.5 per cent recorded last week.