MELBOURNE’S real estate market could be facing its own wintry chill, if clearance rates continue to cool and prices increasingly fall within range. It is still too early to tell but if the trends continue, the property market could return to more stable conditions – a climate buyers will certainly warm to. Out of 701 […]
Auction clearance rates have collapsed in three of Australia’s largest markets, after successive interest rate increases from the Reserve Bank. Listings were also down in Sydney, Melbourne and Adelaide. Clearance rates in Sydney were down to 66.3 percent, according to Australian Property Monitors a fall on the previous weekend’s 69.4 per cent. Total auctions higher […]
Whether it’s the impact of interest rate rises, high stock levels or a last-minute rush for Mother’s Day presents, Melbourne’s property market cooled slightly over the weekend. Easter aside, this weekend’s auctions produced the year’s lowest clearance rate so far of 78 per cent. There were 841 auctions reported; higher than last week’s 812, which […]
HUNGER for Melbourne property remains insatiable, as buyers continued to snap up real estate at the weekend despite a boost in stock levels. The clearance rate dropped slightly, to 81 per cent, from a reported 812 auctions – about 300 more than last week. Advantage Property Consulting’s Frank Valentic said a two-bedroom Carnegie property may […]
Melbourne property market continued its incredible run at the weekend and because of strong demand, shows no signs of slowing. This weekend, 739 out of a reported 875 auctions resulted in a sale, producing another high clearance rate of 84 per cent. Though it’s usually the weakest quarter, the first three months of 2010 were […]
MELBOURNE’S property market has officially begun 2010 with a bang, trading real estate worth a record $1 billion in the past week.The value of properties sold surpassed the previous record $963 million, which was set in mid-December last year, despite 90 fewer houses being offered for auction.Real estate worth more than $700 million was auctioned […]
MELBOURNE’S property market has smashed through the $1 billion mark for the first time as markets continued to show signs of strong recovery across Australia over the weekend. The $1 billion barrier was broken during a record weekend for auction prices in Melbourne combined with soaring prices achieved for private sales during the week. Across […]
MELBOURNE’S property market has witnessed its strongest opening month on record, with soaring buyer demand expected to fuel further price rises and aggravate the city’s growing problem with housing affordability. Yesterday the auction clearance rate hit 86 per cent despite the number of properties set to go under the hammer rising to more than 886, […]
DEFYING fears of a potential wash-out, buyer demand proved strong enough to weather the flood of properties that hit the market this week.The Real Estate Institute of Victoria reported that 78 per cent of the 997 properties up for auction sold.While it is the first time that the clearance rate has fallen below 80 per […]
THE surprisingly rapid and robust recovery of Melbourne’s auction market, partly fuelled by a severe shortage of stock, seeped further into the suburbs at the weekend with fierce competition for everything from ’60s villa units to townhouses. The clearance rate was 84 per cent and many lower-priced properties had four or five bidders. Buxton’s Mark […]
