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.