It has been a few weeks since my last comment and for this I apologise. March was the busiest month on record since I have been a buyer’s advocate. Whilst we purchased a great many homes, we have also had record enquiry rates. It seems there are a great many people who have finally worked […]
We have survived our first “Super Saturday” for the year. Over $1 Billion dollars worth of property was reported to the REIV. And of course this is only a percentage of the actual volume that changed hands over the past week. If we look at past annual results from the Valuer General and the annual […]
It doesn’t take a rocket scientist to work out everyone believes the property market is the place to invest. With an 85% clearance rate on 771 reported auctions and over 1200 properties sold last week, we can see there has been a slightly upward trend on last years results. We have spoken about how long […]
The autumn selling season is just starting to pick up pace with 832 properties reported as sold by the REIV last week. Volume is still very low and the first real test of the market will be February 20 in two weeks time. Anecdotally we have seen the huge surge of interest in property already. […]
The REIV website tells us there were 960 sales in the week ending 31/1/2010. Of these 84 were sold at auction. This represents over $450 million worth of property. Our 9 advocates were out and about on Saturday looking at over 30 open houses. In the range of $400k – $600k there would have been […]
We have all read or heard about the property shortage. But the average people, including most media commentators believe that the issue is that not as many people want to sell their properties. This is only partially accurate. The true reason for the stock shortage is the fact we are not building enough dwellings. Looking […]
With the December market firing on all cylinders and still around 1000 auctions to go before Christmas, I think it is time to take stock of what has happened this year and also look into the crystal ball again to see where we are going next year. Sales exceeding 1000 reported to the REIV almost […]
We have seen the first weekend since May that the clearance rate has dipped under 80%. And it only dropped to 78%. It has taken the biggest auction weekend of the season to do it. There were over 1500 reported sales to the REIV last week. This equates to about 50% more than normal. AND […]
Whilst the reported sales by auction was down slightly on the previous week, the reported market volume in dollars was up. The market looks to be going to complete this year on a much higher note than both the previous years. There was an article written in the Herald Sun this morning about younger buyers […]
1375 properties were reported as sold last week by the REIV. Just over 650 of these sold at auction. The market is running hot and will most likely do so for at least another three to four weeks. Enquiry levels are still high and I don’t see any other trend for property price but up. […]
