Property markets are booming ahead of the spring selling season, however analysts warn that the selling blitz may be a sign that vendors are making a move ahead of an expected hard selling season ahead.
Saturday, 28th August saw agents in Melbourne sell a massive $341.9 million worth of property, which cleared 70% of the 658 properties up for auction, according to the Real Estate Institute of Victoria. Melbourne’s most expensive property sold was a four-bedroom, family property at Ivanhoe that went for $4.3 million. The cheapest was a three-bedroom house at Rockbank that went for $237,000.
Sydney auctioneers cleared 73% of their 316 listed properties, with the most expensive being a six-bedroom federation-style home in Burwood – selling for just under $4.2 million.
In Brisbane, a less conventional market, 49% of the 58 properties for auction were cleared, which was up from 12% of 50 properties this time last year.
Selling your Property
If you’re considering selling your property, now may well be the time to do so. If you need assistance with finance during the process, consider the Australian Lending Centre – as we have a wide range of loan options at times such as this.
Whether you’re looking for your next home or an investment property we offer a wide variety of home loans with competitive home loan interest rates. We make getting a home loan easy and stress free, with an easy application process and your own home loan consultant to take you through the process step by step.
So, whether you are a first home buyer, adding to your property portfolio, looking to upsize or downsize, or perhaps even looking to refinance your existing home loan, we can find a home loan package to suit your needs.
Short Term Loan
Perhaps you require a short term loan during the lead up, sale or purchase of a property. With the Australian Lending Centre you’re in luck – our clients come to us for short term loans for a variety of reasons. Whether you need to bridge a gap during the sale and purchase of a property, need extra cash for your business or simply for that unforeseen circumstance a short term loan through us can offer relief and a fast financial solution.
Bridging Finance or Bridging Loans
If you’re selling or have recently sold your property and require a quick loan to bridge the gap until settlement, you could consider bridging finance. Bridging finance is commonly used to assist with the completion of purchasing a new home before settlement on an existing property takes place.
Bridging finance can also be used to access funds for your business, or simply to pay some bills. Whatever the reason is, if you need a loan when selling or purchasing a property simply call us today on 1300 138 188 or fill in the enquiry form to your right and one of our loan consultants will contact you shortly.