Wind whips city, but market is sailing along

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MELBURNIANS were more likely to be blown away by high winds than the weekend’s auction prices, which seem to have calmed down over the past couple of months.

From a reported 528 auctions, there was a clearance of 68 per cent, which still represents a healthy property market.

Buxton’s Paul Podbury said there was plenty of demand for real estate, but prices were now falling more within their quoted range.

He said most auctions were now averaging around two or three bidders, so to have five turn up to one of his auctions in Carnegie was unusual.

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