Streets ahead of the competition

Streets ahead of the competitionHome Buying Tips Real Estate News Coppin Grove in Hawthorn appreciated 270% between 2002 and 2012. Photo: Luis Enrique Ascui Every suburb has them – streets that are more in demand among home-buyers … and those that are less so. The capital growth of a property is at least partly dependent […]

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Mansions fall off hot property list

A LACK of quality stock combined with economic uncertainty is creating a challenging environment for Melbourne’s million-dollar-plus real estate market. The $1 million to $2 million price bracket recorded the lowest clearance rate of all market segments, with less than half of the 70 auctioned properties sold. Overall, there were 628 auctions in Melbourne reported […]

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South-east shines in glum market

STRONG auctions for family homes in pockets of the south-east indicate resilient demand in the face of an overall lacklustre market. While the clearance rate in percentage terms for melbourne’s auctions remains in the mid-50s, suburbs in the Glen Eira area have defied the general caution and produced some healthy results. There were 561 auctions […]

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Spring day fails to thaw out buyers

THE warm spring weather attracted crowds to the weekend’s auctions but it was not enough to ease the general caution in the marketplace. In what was the first auction weekend of the spring season, 470 auctions were reported to the REIV. This time last year, there were 680 auctions and a clearance rate of 70 […]

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Mixed picture but market holds firm

DESPITE the volatility of the sharemarket, Melbourne’s property market is holding relatively firm due to underlying demand. At the weekend, 431 auctions were reported to the REIV, producing a clearance rate of 57 per cent. The clearance rate is much lower than the 67 per cent recorded from the 598 auctions held this time last […]

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Property avoids wild ride

AUCTION RATES STAY STEADY DESPITE THE SHAREMARKET TURBULENCE. While the stockmarket rides the roller-coaster, the property market is remaining relatively stable, although it is far from robust. Yesterday, the clearance rate was once again in the mid-50 per cent range, where it has been for the past 15 weeks. According to the Real Estate Institute […]

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Clearance rate hovers below 60%

AGENTS and buyer advocates are reporting more inquiries and increasing attendance at Melbourne’s auctions but the clearance rate remains just below 60 per cent. There were 443 auctions reported to the REIV at the weekend, with a 59 per cent clearance rate. Of the 180 properties passed in, 116 were on a vendor bid. Click […]

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Winter doldrums

A 59-PER-CENT CLEARANCE RATE SHOWS BUYERS ARE STILL NOT CONFIDENT OF THE MARKET. Far from being encouraged by comments from Westpac Bank this week that interest rates could fall, many prospective buyers kept their hands in their pockets yesterday, continuing to show their preparedness to walk away from auctions. Just 59 per cent of the […]

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