PUNDITS in Melbourne say there has been a spike of activity for top-end homes, but buyers are avoiding anything with a perceived weakness. While the auction clearance rate is still only 55 per cent in Melbourne, there has been activity in the upper end during the past couple of weeks. Last weekend at least four […]
DESPERATE real estate agents are cold-calling people pleading for them to spruik auctions to friends and family. Agents are also using jazz bands, coffee carts and champagne to lure nervous buyers in Melbourne’s struggling housing market. With the city’s clearance rate languishing at 58 per cent, agents are resorting to unconventional methods to attract interest […]
Statistics are beginning to show an increase in the number of property investors taking advantage of what has widely been spruiked as a “buyer’s market”. Not only is this evident in the increased numbers of buyers lining up outside open for inspections and attending auctions, AFG (the country’s largest mortgage brokering group) reported their mortgage […]
STRONG auctions for family homes in pockets of the south-east indicate resilient demand in the face of an overall lacklustre market. While the clearance rate in percentage terms for melbourne’s auctions remains in the mid-50s, suburbs in the Glen Eira area have defied the general caution and produced some healthy results. There were 561 auctions […]
REAL estate agents are dumping vendors who are stubbornly holding out for ‘‘dream 2010’’ prices instead of dropping their reserve in order to wrap up a sale. With the number of properties in Melbourne at record highs and listings set to increase over the spring, agents throughout the city are telling growing numbers of vendors […]
YOUNG battlers are resorting to unconventional ways to break into Melbourne’s housing market. A growing number of parents are using their own homes as security so their children don’t have to stump up a deposit. Others are buying with friends and family, renting out a room or buying an investment property to make a start. […]
THE warm spring weather attracted crowds to the weekend’s auctions but it was not enough to ease the general caution in the marketplace. In what was the first auction weekend of the spring season, 470 auctions were reported to the REIV. This time last year, there were 680 auctions and a clearance rate of 70 […]
BUYERS looking for family homes are in the driver’s seat this spring, as agent listings are heavy with three and four-bedroom homes for less than $500,000. With prices sliding throughout Melbourne and listings set to rise, vendors are being forced to drop their price to secure a sale. Family homes for less than $500,000 are […]
MELBOURNE’S love affair with auctions is cooling as buyers swing back to private sales. Victoria’s capital is touted as the auction capital of the world, but with the city’s clearance rate averaging 56 per cent – a figure that fails to take into account auctions that have been cancelled at the last minute for fear […]
Emotion can be a very destructive force particularly when it starts to dictate our financial pathways. One of the first things Forex traders learn before stepping onto the trading floor is how to harness their emotions. Without doing so, they risk making costly mistakes that can gradually undermine belief in their own abilities and prevent […]
