IN THE cold, wet and windy Melbourne weather, it’s the determined buyers who are stepping out to bid on properties that tick all the boxes. A total of 518 auctions was reported at the weekend, with a clearance rate of 56 per cent — the lowest since early February. However, Angelo Bafunno from Thomson Real […]
DESPITE lower stock levels this weekend, the clearance rate dropped to its lowest point since early February, with the market seeing both buyer demand and prices soften. From the 480 reported auctions on the weekend, the clearance was 57 per cent. A week before Easter, there were almost 900 auctions and 62 per cent of […]
GENERATION Y’s frustration at being priced out of the housing market is spilling over into a viral internet campaign that calls for a ”buyers’ strike”. A group called Prosper Australia has attracted thousands of pledges of support for its campaign, which asks people to sign a statement saying: ”I undertake not to bid at auction […]
‘‘STEADY as she goes’’ seems to characterise the 2011 market so far, after another week of clearance rates in the mid-60s. Following the long weekend, Melburnians were back out in the sunshine, attending the 881 auctions held on the weekend. The clearance was 66 per cent, with agents and buyer advocates reporting some strong results. […]
A HOUSE ADVERTISED AT WELL BELOW RESERVE PRICE HAS SPARKED ANGER The long-simmering issue of accuracy in price advertising was front and centre again yesterday after a controversial auction in the eastern suburbs in which a vendor demanded $350,000 more than the property had been advertised for. The house, which was advertised at $1.3 million […]
What lures a certain demographic to a suburb? Domain asks the experts who’s buying what where in Melbourne. House buyers tend to follow that avian adage about birds of a feather: they do flock together. To a degree. This clustering is partly about practicalities — cashed-up owner-occupiers can afford Melbourne’s inner suburbs, while those on […]
THE MARKET COULD BE ENTERING A COMFORT ZONE AS THE CLEARANCE RATE STEADIES. ANOTHER big day, another average result. Melbourne’s clearance rate was 66 per cent for the 806 auction results so far reported to the Real Estate Institute of Victoria. The outcome of another 126 scheduled sales has not yet been reported, while 20 […]
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 […]
