Another week of 64% clearance rates. Another week of agents saying that it is impossible to pick this market. Most media outlets have moved to call the market a “Buyers Market” and to some extent I agree with this. Most agents, however will keep telling us the market is fickle and that good properties are […]
I don’t think anyone would disagree when I say; we are moving into a totally new era in Real Estate. Already we can see the two distinctly emerging trends in areas of Melbourne and Sydney. We can see that a proportion of the suburbs will show growth patterns ranging from 10%-15% per annum over a […]
With the clearance rate at 63% again this week, we can see ourselves settling in for the winter sales season. This tends to be a time where volumes become lower, and negotiations become far more intense. If supply drops off whilst demand stays level, then pressure occurs in certain segments of the market. Investors have […]
Hallelujah!! The whole market has turned around now we have a clearance rate of 64%, which as one paper described it as 65%. What’s a single percentage point between friends? But it is great to see that the whole property market is now safe and that the world economy is recovering! I am sure we […]
As I am sure everyone is thinking 60% clearance rates means the end of the property market as most people understand it. With the quarterly median price across Melbourne falling 8.6% from the December Quarter to the March Quarter, it is obvious we need to sell all our property, all our shares, take our money […]
Total Auctions 358 Passed In 116 Passed in after Vendor’s Bid 83 Sold Before Auction 49 Sold at Auction 187 Sold after Auction 6 Clearance Rate 68% Total Private Sales 451 The long weekend brought us another quiet weekend in the property market. With only 358 auctions on the weekend, […]
After another huge weekend of almost 1100 auctions and 644 private sales recorded by the REIV, we still had a clearance rate in the 60% range. This is showing us that although the market has well and truly turned from last year, good property that is well priced still sells, and sells easily. We no […]
The auction clearance results over the weekend were exactly what most professional Real Estate Agents expected. Clearance rates were again in the 60’s and with next weekend’s potential 1300 auctions the rate will probably drop again. Last year with clearances regularly in the 80% range, buying at auction was simple for people who had money […]
Again last weekend we saw interest in auctions waning. Clearance rates including all properties sold before and after auctions only reached the mid 60% range, although the better properties sold well and with multiple bidding. We are now back to the times where selling agents must prove competition. Most agents will agree there is usually […]
The market has now well and truly corrected!! The balance has been restored to the market place, being that we now see approximately one buyer for one person selling. Last year, there were usually three buyers for every property being sold and this is why auctions did so well. Until the market settles, probably sometime […]
