Auction listings surge ahead of RBA rate decision

The number of homes listed for auction in Australia in the past week has jumped 13.1 per cent, according to CoreLogic data.

CEO of the Real Estate Institute of Victoria, Quentin Kilian, says buyer activity “is very strong”.

“The interest rates do play quite a bit into both seller and buyer confidence and I think the fact we’re either at peak or pretty close to peak is generally starting to play a role in encouraging that confidence back in the market,” he told Tony Jones, filling in for Neil Mitchell.

Press PLAY below to hear what’s fuelling the surge in auction listings