Morrell Koren News Today

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.

Luxury property: Investor Julian Babarczy has swapped his Vaucluse trophy home for the Toorak pile of National Tiles’ Frank Walker, while AirTree’s Craig Blair sells in Clovelly.

The number of dwellings listed for auction has ticked up steadily through July, and jumped another 13.1 per cent in the past week. But so far, buyers’ appetite is keeping up.

Ex-Lord Mayor of Melbourne Ron Walker’s incredible Toorak estate sold for the city’s third priciest residential sale ever when it changed hands this week for a mega sum.

What property investors need to do to avoid a tax crackdown as rising expenses push up claims.

The national clearance rate fell below 60 per cent for the first time since late August as caution creeps back into the market after official figures show inflation has jumped.

The national clearance rate is at its highest since May even as the number of auctions rise for the spring selling season as more buyers look for opportunities.

The auction clearance rate held firm above 60 per cent for the fifth consecutive week as fully renovated homes proved most popular given construction delays.

The big bounce in auction that typically takes place through spring is less likely this year, as both sellers and buyers show more caution.

Amid falling house prices and expectations of another interest rate increase this week, nearly one in four Sydney vendors pulled their homes from auction.