HOME buyers are in the bargaining box seat as record numbers of properties go under the hammer for winter. Stubborn hopefuls willing to brave the chill are competing against fewer bidders and paying more realistic prices. And those who don’t buy on auction day are in a strong negotiating position to strike a deal on […]
HOME buyers are in the bargaining box seat as record numbers of properties go under the hammer for winter. Stubborn hopefuls willing to brave the chill are competing against fewer bidders and paying more realistic prices. And those who don’t buy on auction day are in a strong negotiating position to strike a deal on […]
Fewer auctions lift clearance rate THE winter stock drop continued yesterday, with about 450 properties up for auction. But buyers faced the cold and their efforts saw a lift in the clearance rate to 68 per cent. Agents and buyer advocates reported strong crowds at auctions, with particular interest in apartments. Fletchers Real Estate director […]
THE Australian dream used to be a broad patch of turf in the suburbs with a corrugated shed and outhouse, a Blue Heeler and a Hills Hoist. If you were lucky, a kit home on an acre at Bonnie Doon awaited in the summer for some murky water lake swimming with the kids. But the […]
BUYERS SELECTIVE AS STOCK SHRINKS STOCK eased from last week’s mega weekend, with the clearance rate dropping slightly to 65 per cent. Buyers were selective as agents reported mixed results in crowd sizes and bidding competition. Alistair Craig, of Jellis Craig, said the market had cooled slightly, but it was not a symptom of a […]
THERE once was a time when DIY home improvement shows had every Melbourne family craving a rock garden and dressed-up Bunnings water feature just to keep up with the Joneses. Now the half-varnished deck out the back sits in decay as the family congregates in the kitchen to share their replica of the latest MasterChef […]
A buyer’s advocate can guide you through the auction minefield, writes Susan Cowen They are the Robin Hoods of real estate. They are the defenders of the underdog. They are men and women who work for the buyer and stand up to real estate agents as they strive to secure properties for the lowest possible […]
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 […]
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 […]
WHEN we read in the paper that a property has sold at auction, most of us probably assume it went off “under the hammer”. But experts say most properties listed as “sold at auction” are passed in and sold later after negotiation. And with the clearance rate hovering at about 60 per cent, more properties […]
