In a weekend of rain and sunshine popular properties basked in the light, while those less appealing passed in on dampened spirits. There were 827 auctions reported, with a clearance rate of 65 per cent. Wakelin Property Advisory director Monique Sasson Wakelin said the lower clearance rate had created a window of opportunity for buyers. […]
Most vendors seem to be finally getting the message that Melbourne’s property market has turned — and not in their favour. Stock levels are forecast to decline in July, which isn’t surprising in the light of growing reports of no-bid auctions and lacklustre sales results, especially for second-tier and lower-quality properties. There’s an average of […]
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 heighest stock level ever recorded for a winter weekend With a wealth of choice for buyers, the clearance rate, unsuprisingly, took a hit. The Real Estate Institute of Victoria […]
WHILE Melburnians were glued to the World Cup action in their lounge rooms, the real estate market had a much-needed rest after an active few weeks. Out of a reported 268 auctions on the weekend, the clearance rate rose to 77 per cent— the highest since the start of May. It is also the most […]
RIGHT from the start of 2010, it was pretty clear that something remarkable was about to happen in Melbourne’s property market. No sooner had the Christmas holidays passed than would-be buyers were back in the market in force, swamping open-for-inspections and snapping up what few properties were available so early in the year. Back then, […]
WINTER auction action heated up at the weekend after a record number of properties were put up for sale. Seasonal stock levels were at their highest since 2003, with 942 auctions and another 449 private sales. But the clearance rate was at its lowest since February 2009, slipping to 68 per cent, in a reflection […]
MELBOURNE’S metropolitan wide clearance rate may have been sliding in recent weeks, but that does not mean the market is moving at the same speed in every part of the city. In fact, demand in some quarters and for some properties is still as insatiable as ever. Take the case of a double fronted, free-standing […]
Whether it’s the impact of interest rate rises, high stock levels or a last-minute rush for Mother’s Day presents, Melbourne’s property market cooled slightly over the weekend. Easter aside, this weekend’s auctions produced the year’s lowest clearance rate so far of 78 per cent. There were 841 auctions reported; higher than last week’s 812, which […]
HUNGER for Melbourne property remains insatiable, as buyers continued to snap up real estate at the weekend despite a boost in stock levels. The clearance rate dropped slightly, to 81 per cent, from a reported 812 auctions – about 300 more than last week. Advantage Property Consulting’s Frank Valentic said a two-bedroom Carnegie property may […]
