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Adelaide auction action details arrive

By Brett Pilgrim

As the spring selling season drifts from peaks around the Melbourne Cup into the holiday period, it could be expected that the auction market would soften somewhat. However, there is still a wealth of options available for those interested in buying rentals in Adelaide.

According to the latest auction figures from RP Data, the national clearance rate was at 67.7 per cent for the week ending 23 November. 

In the City of Churches this was 64.3 per cent, although this is a marked increase on the previous week's rate of 55.4 per cent. In other positive news, the level of auctions has stayed above the lower levels that were seen midway through 2014. 

If you are intrigued by the prospect of buying a home in Adelaide, whether to occupy yourself or to let out and have organised by a property manager, there is plenty of property available on this summer market. 

Even those interested in commercial purchases may be able to find real estate in Adelaide. The Australian Bureau of Statistics recently noted that lending finance for commercial property increased by 2.4 per cent between August and September this year, suggesting there has been a strengthened verve for buying up office space. 

Whatever your property preference, auction can be a thrilling way to buy. It offers excitement and high drama, as well as the opportunity to purchase a home for less than you might expect.

To discover which properties are going under the hammer in your area and how to get involved, contacting your local real estate agent is a great place to start. With detailed knowledge of pristine Adelaide suburbs like Burnside and Prospect, they can seek you out a home that suits your needs, be they family, business or something else altogether. 

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