Indicators ‘pointing to strong conditions’ in the property market #Indicators #pointing #strong #conditions #property #market #englishheadline


REA Group Senior Economist Paul Ryan says looking across the indicators, things are “pointing to strong conditions” in the property market.

“Those clearance rates close to 70 per cent … are consistent with prices growing, which they now are pretty much across all of the country,” Mr Ryan told Englishheadline Business Editor Ross Greenwood.

“We’re also seeing increased market activity, so these strong auction clearance rates and prices increasing are bringing more vendors to market and properties are starting to sell a bit faster than they were earlier in the year.”

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