One of the main reasons a property’s location is so important can be captured neatly in the old adage ‘you can change a house, but you can’t change its location’. However, searching for the perfect location involves more than simply looking for the worst house in the best street. Unless we’re going to accept a […]
MELBOURNE’S property market seems to be gathering momentum, although in some sectors the competition is already there. From 890 reported auctions, the clearance rate was 66 per cent last week. Craig Stephens from Jas H Stephens said the market was generally still ‘‘finding its feet’’. However, he said 95 Williamstown Road in Seddon sold for […]
BUYERS CONTINUE TO HOLD ALL THE CARDS IN THIS TENTATIVE MARKET. As starts to the auction market go, 2011 is shaping up to be one of the toughest. It has been just one month since activity started for the new year, the clearance rate is one of the lowest on record and there’s no shortage […]
CROWDS WERE UP YESTERDAY BUT DID LITTLE TO NUDGE THE CLEARANCE RATE CLOSER TO THAT OF A YEAR AGO. Melbourne’s auction market appears to have held its ground, despite a big increase in the number of properties up for sale this week. The Real Estate Institute of Victoria reports the clearance rate was 66 per […]
Buyers are always looking for a bargain. There’s something psychologically satisfying purchasing an item for a price that would, could, or should have been higher. Whether it’s an antique you happen across in an op shop, or something you pick up in a department store end of year sale, the feeling is the same. However […]
Despite attracting a large crowd, this auction opened on a vendor bid of $700,000, which was followed up by 3 more vendor bids, ending up at $750,000. – Click here for the rest of the article (Source: Pressdisplay Website)
BUYERS GET BUSY AFTER RAIN DELAYS THE market showed mixed signs yesterday as a booosted clearance rate reflected strong buyer demand. Buyers dampened by last week’s record rains returned in flocks to auctions, but many properties sold after being passed in. Alistair Craig, of Jellis Craig Real Estate, said a greater volume of auctions had […]
ALTHOUGH the weekend’s wild weather didn’t affect most of the 149 auctions held, it seemed to reflect a dampened energy in the market. Low clearance rate with few auctions scheduled. Auctions will increase to 375 this weekend and 715 the week after. Buyers and sellers ‘‘feeling each other out’’, to see who has the upper […]
DOWNPOUR FAILS TO DAMPEN SALES DESPITE waking up to a soggy Saturday, vendors pushed ahead yesterday placing homes under the hammer as floodwater receded across the state. More than 180 auctions took place yesterday as Melburnians mopped up their properties in the wake of vicious storms and flooding. The clearance rate was 63 per cent, […]
THE HIGH STOCK LEVEL OFFERS CHOICE BUT BUYERS ARE HOLDING BACK. Melbourne’s property market is continuing to struggle with a glut of unsold stock left over from last year, as buyers hold back and vendors refuse to lower their price expectations. Analysts RPData report that about 39,300 properties were advertised for sale in January, nearly […]
