There were six bidders at the auction of this three-bedroom house, with bidding starting at $1.4 million, according to James Buyer Advocates. The 658 square metre property, which was sold for $2,005,000, is just off Glenferrie Road and within walking distance of Toorak Road, Kooyong train station and park, as well as schools. It features […]
NEWS of a further quarter of astronomical property price growth will send shivers down the spine of anyone yet to set foot on the real estate ladder. The latest Real Estate Institute of Victoria report shows the cost of a middle-of the-road Melbourne house rose 8.5 per cent to $559,000 in the three months to […]
INVESTORS TAKE CENTRE STAGE YESTERDAY’S sunny morning weather left plenty of Melbourne vendors with that warm feeling that only a bonus hundred thousand dollars can bring. The auction clearance rate was still well down on the same time last year at 72 per cent, but had improved from 68 per cent last week. Agents reported […]
MELBOURNE’S median house price rose nearly $500 a day to hit a record high of $559,000 in the June quarter. The 8.5 per cent rise since the March quarter pushes the home ownership dream further out of reach of many young buyers, Real Institute of Victoria figures show. The new median is up from $515,000 […]
HOUSE hunters who spend months looking for the perfect home might end up missing out altogether. The median price of Melbourne houses has risen from $405,000 in the March quarter of last year to $559,000 today – that’s $2567 a week. The rate of the rise was even faster in the three months to June […]
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 […]
MELBURNIANS were more likely to be blown away by high winds than the weekend’s auction prices, which seem to have calmed down over the past couple of months. From a reported 528 auctions, there was a clearance of 68 per cent, which still represents a healthy property market. Buxton’s Paul Podbury said there was plenty […]
REMEMBER this picture? It might look like a museum image of prehistoric man, but it’s in fact a rock located in the Cydonia region of Mars. Scientists made the discovery of the ”face on Mars” in July 1976, while searching for a suitable landing site for Viking 2 Lander. Wanting to give the public a […]
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 […]
