The founder of JPP Buyer Advocates, Ian James, likes to tell prospective clients the following tale to convince them of the value of engaging him to buy a property for them. “I have had three judges as clients and asked them all this question: if a husband came to the divorce court representing himself and […]
Melbourne property Market was showing a lot of strength early in the 2010. It was clear that this was not going to be just another year. Rates were at all-time low levels and would-be buyers were back in the market in force, swamping open-for-inspections and snapping up all the properties coming up on to the […]
A COOLING property market has not put off winter sellers, with a record number of homes for auction next weekend. REIV spokesman Robert Larocca said 1000 properties would be auctioned this coming Saturday and Sunday. “This is a record for Melbourne in winter . . . the sheer number of properties has affected the clearance […]
WHILE Melburnians were glued to the World Cup action in their lounge rooms, the real estate market had a much-needed rest after an active few weeks. Out of a reported 268 auctions on the weekend, the clearance rate rose to 77 per cent— the highest since the start of May. It is also the most […]
RIGHT from the start of 2010, it was pretty clear that something remarkable was about to happen in Melbourne’s property market. No sooner had the Christmas holidays passed than would-be buyers were back in the market in force, swamping open-for-inspections and snapping up what few properties were available so early in the year. Back then, […]
CLEARANCE RATES LIFT ON LAST WEEK AUCTIONS over the long weekend dropped to about 250 yesterday ahead of next week’s predicted record breaking sale flurry. The REIV’s Robert Larocca said about 1000 auctions were expected next week — far more than any other winter weekend on record. Yesterday’s clearance rate reached 77 per cent after […]
WINTER auction action heated up at the weekend after a record number of properties were put up for sale. Seasonal stock levels were at their highest since 2003, with 942 auctions and another 449 private sales. But the clearance rate was at its lowest since February 2009, slipping to 68 per cent, in a reflection […]
MELBOURNE’S metropolitan wide clearance rate may have been sliding in recent weeks, but that does not mean the market is moving at the same speed in every part of the city. In fact, demand in some quarters and for some properties is still as insatiable as ever. Take the case of a double fronted, free-standing […]
Data by the Sheriff’s Office of Victoria shows that about one home per day is being repossessed. From July 2009 to March 2010, it has been tallied that around 250 properties have been taken by the state while 1,388 repossession writs were files in the Supreme Court. This shows that rising home loan rates are […]
REAL estate agents in the Mordialloc-Chelsea area have dismissed speculation Melbourne’s property price boom is set to burst. With interest rates rising and auction clearance rates dropping this month, many commentators have predicted the start of a market downturn. But Biggin and Scott Chelsea director Andrew Purton said prices would keep increasing because housing stock […]
