It has been all too long since my last article. It is very easy to be caught up in work and forget about the things that matter most to some people. Business has been brisk and with the addition of two granddaughters last year, my limited time meant something had to give. And my weekly […]
Whilst turnover is up and clearance rates are pushing through the mid 70’s% we know that overall stock levels are lower than they have been since around 2009 when we saw the statistics from REIV showing 1000+ auction and private sales per week in July and August. In the last 3 weeks, we have had […]
After 8 months of electioneering, we are finally going to get a chance to move on without politicians being front and centre of the media. With the current trends in the Melbourne auction scene, the only thing the announcement will do is slow down a few vendors. Currently the clearance rate sits well over 70% […]
If you had not noticed the wind, cold, sleet and I am sure in some places snow during the auctions on Saturday then you were obviously inside near a fire enjoying not looking at real estate. This is normal for winter. Many vendors do not put their properties on the market at this time because […]
No surprises were seen coming out of the weekends 1100 auctions. Except 1! Whilst the market returned a resounding 68% clearance rate, it was the more affluent suburbs that faltered. Yes, there were some big ticket sales but the clearance rates of the normal auctions within these suburbs was well below the norm. In Brighton, […]
The second super Saturday has achieved a 69% clearance rate according to the REIV. Although there were a lot more auctions with no result (71). This is well within the range that shows the Melbourne Property Market is humming along quite nicely. It was not a high 70’s that would have caused an instant run […]
With an emphatic statement across the weekend, buyers put their money where their mouths are. From over 900 auctions, there was a clearance rate of 73% with only 35 unreported sales. This is at the very upper level of my expectations and it will bode extremely well for vendors over the next 3 months. Of […]
With the autumn selling season just beginning to build up for the first of the big auction weekends, we can already see that the competition for properties this year will be stronger than that of last year. The clearance rate across the weekend is basically meaningless. With only 250 auctions gazetted for the weekend and […]
Another weekend of 60% clearance rates on 875 reported Auctions and a further 690 private sales proving that the market is still marching on toward 2013 with gusto. Our enquiry levels have been exceptional, with many prospective purchasers now finding it very hard to compete in a market that is heating up. 2013 will be […]
With three of the biggest auction weekends of the year upon us, we have seen the first yield a healthy 61% clearance rate. Whilst nowhere near the lofty heights of 2009 (81%), this weekend’s result eclipsed the same weekend for both 2011(53%) and 2010 (59%). Both these past years had similar numbers of auctions. The […]
