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Super Saturday

Saturday, September 26, 2009 was named as "Super Saturday " because of the record number of properties that were auctioned and sold in Sydney, according to RP Data.

There were 685 properties that went under the hammer on Super Saturday and out of those, 508 sold on the day. Melbourne saw 116 properties going for auction on Super Saturday in comparison to Sydney's result, and there were 83 properties under the hammer in Brisbane.

Home loan applications at RateCity also increased on the lead up to Super Saturday, where there were 29 percent more in comparison to the first three weeks of September 2008.

This has shown how that market is heading for a recovery and Australians are getting wiser in how they shop and compare home loans.

The table below displays today's top Variablte Rate Home Loans.

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About Mortgages Articles

RateCity provides mortgage news and features, including a range of weekly stories and economic updates. By checking our mortgage news and features daily, you can ensure that you receive up to date, expert commentary on current financial and economic issues. Before you search, compare or apply for the best mortgage for you, help yourself understand the market by reading mortgage news and features at RateCity.

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