While many people went on romantic dinners and getaways last weekend, investors in Canberra went on a buying spree instead, snapping up almost all the properties offered at auctions.
During the week ending 14 February, auction clearance rate at the national capital rose to 93.9%.
Buying activity continued to strengthen in both Melbourne and Sydney with auction clearance rates now sitting at solid 75.1% and 70.2% respectively. Adelaide is also showing plenty of momentum, with 35 out 52 properties sold during the same period or 67.3% clearance rate.
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