OWNER-occupiers could be on the increase in Melbourne’s residential market after two years of playing a waiting game. The Real Estate Institute of Victoria put the clearance rate for last weekend at 60 per cent for the 685 properties it surveyed. There were also 584 reported private sales. Ian James of JPP Buyer Advocates says […]
PUNDITS in Melbourne say there has been a spike of activity for top-end homes, but buyers are avoiding anything with a perceived weakness. While the auction clearance rate is still only 55 per cent in Melbourne, there has been activity in the upper end during the past couple of weeks. Last weekend at least four […]
IN 1997, when the film The Castle was released, viewers smiled at the naivety of the Kerrigan family when son Dale described their home as “worth almost as much today as when we bought it”. It tapped into the common expectation of continuing rising values. But this year we are seeing a protracted weaker market […]
