Location and history put established houses in the lead for value for money. Whether to buy an older, established property or a new one is a choice all house buyers face, whether it’s a first purchase or subsequent buys. However, the same rules apply no matter what the property’s age. The old adage about location, […]
After a tough 2010, 2011 is not looking much better for the housing market. As 2010 draws to a close, and after the tumultuous year that has been, there’s plenty of speculation — and not a little concern or fear — about what may be in store for the property market in 2011. It’s only […]
Auction clearance rates in Australia’s two biggest cities drop to nearly two-year lows after the RBA’s surprise interest rate rise chills demand. Auction clearance rates in Australia’s two biggest cities dropped to nearly two-year lows over the weekend after the Reserve Bank’s surprise interest rate rise chilled buyers’ demand. Clearance rates in Melbourne, dropped to […]
Weak auction clearance rates, interest rates fears may dent sellers’ hopes in mortgage belt The pace of Melbourne property sales has moderated, while listings rise, in a trend expected to prompt some sellers to rethink their asking prices. The time between the listing of a property and its sale has increased steadily since March in […]
Housing stock is now plentiful – and much more affordable. There have been bigger auction days this year but none has been as closely watched as yesterday. A staggering 885 properties were up for sale, the highest stock level ever recorded for a winter weekend. With the wealth of choice for buyers, the clearance rate, […]
