The Melbourne property market retained its resilience over the weekend. 81% clearance rate for auctions has been reported by the REIV with 600 private sales, giving us a reported total of over1000 properties sold last week. For the third time in the last month I have seen allusions to property spruikers in the press. The […]
Even the Spring carnival couldn’t slow the Melbourne property market. Although 100,000 people were at the races on Saturday and more will grace the lawns of Flemington tomorrow, we still saw 339 auctions clear at a rate exceeding 80% and there were over 700 private sales reported to the REIV last week. There has been […]
What A Huge Week. The last week of October is renowned to be very busy & this year has been no different!Sales this week were high not only in Auctions of which the REIV reported 882, of which 723 were sold and there were also 741 private sales. This makes last week the biggest for […]
There were just over 600 auctions at the weekend and 4 out 5 sold. On top of this 734 properties sold by private sale according to the REIV. With over 1000 auctions scheduled for next weekend agents all over Melbourne are busy shutting down as many sales as possible. Whilst selling agents enjoy the street […]
After another week of 1250 sales The market may seem a little repetitive. The interest rate rise this week did absolutely nothing to dampen enthusiasm at auctions or negotiations. In fact, it has more than likely solidified the belief that the economy in Australia has turned the corner. More than slowing the property market down, […]
Market Comment 5th October 2009 Thank you to all those who came to see us at the Home buyers Show in Melbourne over the weekend. Finally after so many months of indecision, there were almost no industry experts predicting a fall in property prices over the next 12 months. In fact almost all of the […]
Congratulations to the Geelong Football club and commiserations to both the St Kilda team and their fans. It was a fantastic game and I think both teams deserved to win. But only one can. The same goes for buying real estate. Each property can only be bought by one person; the rest can come back […]
After a huge weekend of auctions with the clearance rate remaining above 80%, there seems no end in sight to the upward migration of price in the Melbourne property market. The Age on Sunday reported that Residex have announced that Melbourne median house price has surpassed $500k. So we can assume the current flood of […]
1328 properties sold last week. 674 auctions reported with an 83% clearance rate. This weekend there could be as many as 900 auctions. Whilst this spike may be caused by the AFL Grand Final, anybody thinking the market is going to slow down need only look at the figures. There is nowhere near enough stock […]
Melbourne’s property market keeps surging through week after week. Another 80%+ clearance rate after 567 Auctions reported to the REIV, with the usual 700 odd private sales as well After securing 4 from 6 last week, noting that all 4 successful purchases were prior to auction, we can see the last quarter of this year […]
