It is now absolutely obvious to anyone looking at even basic statistical analysis that the market is turning. But many don’t realise just how fast. With clearance rates now in the high 70 percentile and private sale properties turning over faster than ever, we are about to see a massive turnaround in price movement in […]
We are now well settled with the government elections behind us. We are well aware of the economy on a knife’s edge with RBA and Government both trying to put money back into the pockets of the general public, with the hope they will spend it. And it is obviously beginning to have an effect. […]
On Saturday one of the auctions I attended was of a 2-bedroom villa unit in Brunswick. After the quote range had been moved up during the campaign and unconditional offers were made, 5 people still fought out the property with it finishing at least $40k above the closest comparables in the area. The clearance rates […]
It is the media that screams out that property prices are falling. It is the media who tells us that the interest rates are going to remain on hold; it is the media that tells us who is going to win the next election and also who deserves to win. And most of the time […]
May 1st 2017 has been and gone and there has been very little noticeable change to the way property is being quoted online. Whilst the new Statement of Information is not required for any properties currently being marketed with authorities dated prior to May 1st, the new advertising rules do apply according to the Consumer […]
Last year we have seen some rather large upheavals both across the world and in the property market here in Melbourne. We saw Brexit, China trying to advance its boundaries into the South China Sea, The Philippines new leader saying he was happy to sever ties with the US and of course in the USA, […]
With the weather cooling and autumn rapidly leaving us for winter the real estate market in Melbourne would normally look at hibernating. But it is not. Nearly 1200 auctions on the weekend depending on which data company’s website you read, with the REIV putting the clearance rate at an amazing 77%. Domain’s result put the […]
The Melbourne auction market has risen from its January slumber with a bang. We have been noticing very large crowds at all opens since mid-January, but the first auction results are filtering through with clearance rates in the mid 70% range from all the data collection companies. And these numbers are very high for this […]
Unless you have just arrived back home from a holiday without any TV, radio or internet, you will have seen that the world stock markets have taken a battering in the past week. Everyone’s eyes have been on China and the speed, or lack thereof, of its economic growth. And all thoughts go to “What […]
As we move into the last 4 weekends before Christmas, the Melbourne property market clearance rate has taken it usual nose dive. I wrote about Pass Ins last week because you will see nearly twice as many Pass Ins over the next 4 weeks than any other time of the year. The clearance rate does […]
