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 […]
MELBOURNE’S property market is tipped to remain in a slumber into spring as confidence stays flat. The weekend auction clearance rate of 57 per cent was only slightly better than the previous weekend as buyer and vendor uncertainty ruled. JPP Buyer Advocates’ Catherine Cashmore said it was the 12th week the market had posted a […]
DESPITE the volatility of the sharemarket, Melbourne’s property market is holding relatively firm due to underlying demand. At the weekend, 431 auctions were reported to the REIV, producing a clearance rate of 57 per cent. The clearance rate is much lower than the 67 per cent recorded from the 598 auctions held this time last […]
AUCTION RATES STAY STEADY DESPITE THE SHAREMARKET TURBULENCE. While the stockmarket rides the roller-coaster, the property market is remaining relatively stable, although it is far from robust. Yesterday, the clearance rate was once again in the mid-50 per cent range, where it has been for the past 15 weeks. According to the Real Estate Institute […]
MELBOURNE’S auction market has become an endurance test, with agents putting in marathon efforts to tease out bids. About 470 properties went under the hammer yesterday, and the Real Estate Institute of Victoria posted an initial clearance rate of 56 per cent. Click here for the rest of the article (Press Display Website)
REAL estate agents were more than happy to peddle the benefits of bricks and mortar over shares yesterday, but their efforts failed to lift the state’s clearance rate. More than 500 properties were auctioned, with the Real Estate Institute of Victoria posting an initial clearance rate of 57 per cent. Click here for the rest […]
