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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.