Emma Bloom News Today

The national clearance rate for auctions hit 75.4 per cent on preliminary numbers with buyers buoyed by both the possibility interest rates have peaked and tax cuts slated for later in the year.

The auction year is off to a strong start with almost three in four homes listed selling at the weekend, but experts say a wave of stock could temper the pace.

Sydney’s weaker clearance rate coincided with a sharp slowdown in home values which gathered pace in the past four weeks.

Former soccer player and now construction boss Ivan Kelic’s ultra-luxe compound has hit Melbourne’s Moonee Ponds property market.

BresicWhitney CEO Thomas McGlynn says with ‘fewer runaway results’ happening, it is unclear whether the market will end the year favouring buyers or sellers.

The prospect of another interest rate rise has shaken buyers’ confidence, sparking a drop in clearance rates across the combined capital cities.

Auction clearance rates are lingering around 70 per cent in a sign buyers and sellers are aligning following months of vendor dominance.

There’s a sense of urgency now to Lynn Nelson’s ongoing research on Lake Avenue, a one-way thoroughfare she calls White Bear’s favorite walking path.

The founder of Five:Am yoghurt David Prior and wife Sallie are selling their grand Toorak mansion and moving to the UK where they own a Scottish whisky distillery.

Auction data shows preliminary clearance rates held above 70 per cent despite a big jump up in offerings. At the top end, a lack of listings is frustrating buyers.