Sydney and Melbourne continue to have solid auction clearance rates. Both cities showed very little change from last month’s clearance rates, with Sydney clearing 2% more than last month and Melbourne going up just 1%. Brisbane’s clearance rate’s however showed a significant jump with this month’s figure moving from 35% up to 52%. Here’s a snapshot from Saturday the 31st of May.

So you’re enjoying the boom that’s sweeping our Capital cities, low interest rates and getting fortnightly calls from agents saying we can sell your property for a record amount, but you’re thinking I don’t want to sell, I want the equity out so I can go again. The question is when should you extract that equity?

As of March lenders can now share with credit reporting agencies a lot more information about you and the way you look after your current loans. So what does this mean to you as an investor? What should you look out for and be mindful of? In a Q and A style I answer your concerns.

Sydney and Melbourne continue to shine.