MELBOURNE’S median house price rose nearly $500 a day to hit a record high of $559,000 in the June quarter. The 8.5 per cent rise since the March quarter pushes the home ownership dream further out of reach of many young buyers, Real Institute of Victoria figures show. The new median is up from $515,000 […]
HOUSE hunters who spend months looking for the perfect home might end up missing out altogether. The median price of Melbourne houses has risen from $405,000 in the March quarter of last year to $559,000 today – that’s $2567 a week. The rate of the rise was even faster in the three months to June […]
CLEARANCE rates in the major cities continued worsening at the weekend, with house sales significantly lower than the same time last year. In Sydney and Melbourne, auctions hit a 52-week low of 49.8 per cent and 55.6 per cent respectively, according to Australian Property Monitors. On the corresponding weekend last year, Sydney auctions cleared 70.5 […]
Property sales rates in major cities in Australia appear to be weakening as buyers become more selective, it is claimed. Residential real estate sales are significantly lower than the same time last year with the latest figures from Australian Property Monitors indicating they have fallen in Sydney, Melbourne, Brisbane and Adelaide. In 2009 Sydney auctions […]
HOME buyers are in the bargaining box seat as record numbers of properties go under the hammer for winter. Stubborn hopefuls willing to brave the chill are competing against fewer bidders and paying more realistic prices. And those who don’t buy on auction day are in a strong negotiating position to strike a deal on […]
HOME buyers are in the bargaining box seat as record numbers of properties go under the hammer for winter. Stubborn hopefuls willing to brave the chill are competing against fewer bidders and paying more realistic prices. And those who don’t buy on auction day are in a strong negotiating position to strike a deal on […]
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 […]
REMEMBER this picture? It might look like a museum image of prehistoric man, but it’s in fact a rock located in the Cydonia region of Mars. Scientists made the discovery of the ”face on Mars” in July 1976, while searching for a suitable landing site for Viking 2 Lander. Wanting to give the public a […]
Fewer auctions lift clearance rate THE winter stock drop continued yesterday, with about 450 properties up for auction. But buyers faced the cold and their efforts saw a lift in the clearance rate to 68 per cent. Agents and buyer advocates reported strong crowds at auctions, with particular interest in apartments. Fletchers Real Estate director […]
A collective sigh of relief was heard across the market this week as the Reserve Bank of Australia chose to hold off on another interest rate rise. It’s the second month in a row the RBA has chosen to keep the cash rate at 4.5 per cent, giving the market its first real breather after […]
