Property Market Stabilisation | Metlifecare ​Property markets across Australia & NZ are showing signs of stabilisation, with factors such as lower interest rates, more relaxed regulations by APRA, and a surprise Australian election outcome contributing to positivity. According to ​the latest ​Domain data, Sydney recorded a preliminary auction clearance rate of 80%, from 485 scheduled auctions, while 76% of properties from 718 scheduled auctions in Melbourne sold under the hammer. This time last year, 49% of properties sold in Sydney and 54% in Melbourne.​ This week also saw HSBC in NZ ​confirm a new offer of 3.35% for all fixed terms from one to five years. The rates are effective from today and are easily the lowest in the current mortgage market, and kicks off the Spring real estate season in an aggressive fashion.​ The local focus today ​will be on ​the Reserve Bank​ of Australia's ​policy decision​.​ One...