Home Loan Repayment

By Robert Carry

The number of Perth properties sold at auction last week leapt to 56.3% from 38.7% in the previous week, new statistics from RP Data have shown.

Clearance rates were up in a number of states across Australia in what was a strong week for auction houses. The Northern Territory led the pack, rising from 40% to 66.7%.

According to the figures released today, Tasmania also saw an improvement in clearance rates, going from 40% to 54.5%. More modest rises were seen in Melbourne and Brisbane - going from 79.7% to 80.7% and 49.0% to 50.5% respectively.

There were minor declines for Sydney and Adelaide this week while Canberra slipped significantly from 89.4% to 75.5%.

It can be confusing to know whether to get a variable rate or fixed rate mortgage, and what features are important. That's why it's important to not only check the right rates, but make sure that you're getting the right features in your home loan. Get help choosing the right home loan