It was a very solid 62% clearance rate across the weekend where the number of auctions that were reported was 695. Nearly 20% of these sold prior to auction and there are over 250 passed in and most will still be on the market. Next week there are 1200 gazetted auctions and, with a clearance […]
There was a 60% clearance rate this weekend from 619 auctions. There were also over 450 private sales. Of the three properties we purchased last week all were either gazetted auctions or deadline sales. All were purchased prior to the gazetted date. Agents are definitely becoming more open to offers prior to auction when the […]
The REIV are reporting a clearance rate of 58% for the weekend. With results now firmly sitting under 60% we are starting to see more agents doing deals outside the auction method of sale. Selling agents will be looking for more innovative ways of selling their clients homes over spring. With annual turnover down substantially, […]
Clearance rates are falling, climbing remaining good. Median price is lifting, falling and just remaining steady! The Europe crisis has deepened, is behind us and has nearly found a resolution. Our property market is in good shape, about to drop 40% or will be moving up shortly. Whichever papers you read, whoever you listen to, […]
The clearance rate has dipped under 60% again. Does anyone who managed to secure their dream home over the weekend care? Does anyone who managed to purchase an excellent investment property worry about how many others didn’t purchase their preferred home? NO!! There are still 800 properties being reported to the REIV every week as […]
After another weekend of hearing clearance rates are good, not so good and woeful by different media outlets, it is time to have a think about what is really happening. The REIV has said the clearance rate is 61% from 532 Auctions. 327 of these sold at or directly after auction or before the auction […]
Saturday marked the first real auction weekend of 2012 and whilst overall numbers of bidders were low there were plenty of onlookers at all the auctions we attended. REIV results have set the clearance rate for the 579 auctions at 59%. There are still about 63 results unknown. I don’t think this result will set […]
Last week we analysed a very nice, well located property in Bayside suburb. It was in a fantastic location, extremely well presented, undercover parking, very light and airy and looked for all intents and purposes to be an extremely good investment. Value for money in the area, put this property in the mid to high […]
In Scott Pape’s article In the Herald Sun on Saturday 27/8/2011 “Doing Your Block” he articulated that “The Block” was an abject failure. “The only thing that saved the show was the young bloke proposing to his girlfriend.” He put this down to the failure of the properties to sell. He explained that if the […]
Many people have written that “Melbourne is the auction capital of the World”. Very few other places auction as many properties as we do here. It is a selling method that has developed over many generations of Real Estate professionals. Auctions can be transparent and a very fair way to purchase property. You can see […]
