Impressive numbers at all three auctions I attended on the weekend and similar numbers at open for inspections shows no slacking pace heading into the first “Super Saturday” auctions next week. Out of the three auctions that we bid at this weekend, there were 14 separate bidders. These larger numbers of competitors usually mean that […]
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 […]
With an REIV 66% clearance rate, every real estate agent, commentator and data analyst is espousing the fact that the market has turned. Claims of suburbs monthly and quarterly medians going up are heralding the revival of massive capital growths for all properties. You have got to be kidding! I noticed one reporting company talking […]
Plenty of auctions over the weekend that surpassed expectations and a few that didn’t. In Ascot Vale a single fronted fully renovated house sold for $1,520,000. Only two bidders vied for the property but ended up well above reserve to purchase under the hammer. The vendors would have to be happy with a result like […]
Whilst there was a reasonable 62% REIV clearance rate this weekend and everyone is talking about the spring rush, you need to be aware that the true “spring selling season” starts in about 5 weeks. This is Victoria! This is September! This is AFL Finals month! There will be some new properties coming onto the […]
With turnovers getting lower and lower it is nearly impossible to give a week by week update on the Melbourne property market. There were only 193 properties actually sold at auction and this would include all properties that passed in and were sold subsequently during negotiations. The overall REIV clearance rate which includes all properties […]
With an REIV Auction clearance rate again above 60% it is easy for property commentators and agents that look at one market to say the market has probably bottomed out. You can look at one data analyst’s figures and say the market is improving, you can look at another and it is “obvious” that the […]
Statisticians are talking about massive stocks of available properties in Melbourne. Many real estate agents are talking about a lack of stock. Media reporters usually take the high moral ground and talk about agents making comments that only benefit agents and that not all the information is forthcoming. We saw again the REIV clearance rates […]
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 […]
