A collective sigh of relief was heard across the market this week as the Reserve Bank of Australia chose to hold off on another interest rate rise. It’s the second month in a row the RBA has chosen to keep the cash rate at 4.5 per cent, giving the market its first real breather after […]
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 […]
Winter gloom descends on Melbourne’s prestige properties, writes Karin Derkley. How things can change in just three months. In March, Melbourne’s top-end property market was roaring. Property prices of more than $1 million had charged up by 25 per cent in little more than 12 months as bidders fell over themselves to push prices well […]
In a weekend of rain and sunshine popular properties basked in the light, while those less appealing passed in on dampened spirits. There were 827 auctions reported, with a clearance rate of 65 per cent. Wakelin Property Advisory director Monique Sasson Wakelin said the lower clearance rate had created a window of opportunity for buyers. […]
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 […]
Housing stock is now plentiful – and much more affordable. There have been bigger auction days this year but none has been as closely watched as yesterday. A staggering 885 properties were up for sale, the highest stock level ever recorded for a winter weekend. With the wealth of choice for buyers, the clearance rate, […]
Most vendors seem to be finally getting the message that Melbourne’s property market has turned — and not in their favour. Stock levels are forecast to decline in July, which isn’t surprising in the light of growing reports of no-bid auctions and lacklustre sales results, especially for second-tier and lower-quality properties. There’s an average of […]
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 […]
There have been bigger auction days this year but none has been as closely watched as yesterday. A staggering 885 properties were up for sale, the heighest stock level ever recorded for a winter weekend With a wealth of choice for buyers, the clearance rate, unsuprisingly, took a hit. The Real Estate Institute of Victoria […]
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 […]
