For the third time this year we have seen weekly sales of property in the Melbourne metropolitan area exceed 1000 as reported by the REIV. It is now very obvious to all the professional Real Estate agents that the owner occupiers are re-entering the market place. The vast majority of our enquiry now is the […]
After another big weekend of auctions the REIV clearance rate has dipped just under 60%. But this doesn’t really tell the tale of what is happening in the market place. Four out of five of the auctions we attended on Saturday passed in with only one NOT being purchased after negotiation. The very high enquiry […]
Three day cooling off laws change significantly from 1st March. With summer over, both by date and weather, the Melbourne property market has shown some signs that the autumn season may have some strength to it. The REIV clearance rate again exceeded 60% with just short of 800 auctions. There were also nearly 650 private […]
With a clearance rate above 60% and a total number of sales for the past week over 1000 according to the REIV, most media outlets will be talking about the turning of the market. However one week’s results don’t set a trend. Last week with the clearance rate under 60%, some Estate Agents wanted to […]
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 […]
The market in Melbourne is just beginning to come alive. Many selling agents are talking about bumper sales throughout January, and not enough new listings to keep up with demand. Whilst we saw the Reserve Bank maintain interest rates due to Australia’s excellent economic position, we witnessed big business begin to “cash in” The Real […]
With 2012 off and running it was good to see so many groups through the opens on Saturday. It didn’t seem to matter what price range, there were people queuing to go through multi-million dollar homes in the leafy as well as $500k apartments just outside the CBD. With this happening I was surprised to […]
I was listening to the radio on my way home on Saturday evening and heard a presenter and a town planner talking about Real Estate in Melbourne. A caller had asked a question of the two regarding what the “plus” meant when an advertised property was quoted $490k plus. The caller was looking at a […]
With new advertisements entering the web portals this week, it is time to see what 2012 will bring to the Melbourne property market. Everyone will be putting forward their best guesses and estimates but in truth, the market will unfold itself over the next ten weeks. There are too many conflicting economic issues facing Australia, […]
Welcome to 2012, I hope you had a good break and on behalf of the team of JPP, I would like to wish everyone a Happy New Year. Exactly what will occur this year is anyone’s guess. There are many different variables that will all compete and complement each other in the movement of the […]
