In the current housing market everyone has an opinion, including me of course! We have all seen the news headlines either in print or online: “House prices set to plummet by 20-25 per cent in 2023” – News.com.au 10/2/23. We have seen the media talk up the “R” word. Why the Reserve Bank is pushing […]
The auction clearance rates keep pushing through the 70’s barrier even though much of the weather has turned towards winter. With over 700 auctions already scheduled for next week and with only one long weekend in the distant calendar, I can see the Melbourne property market continuing on to further heights. The Federal election due […]
With the weather cooling and autumn rapidly leaving us for winter the real estate market in Melbourne would normally look at hibernating. But it is not. Nearly 1200 auctions on the weekend depending on which data company’s website you read, with the REIV putting the clearance rate at an amazing 77%. Domain’s result put the […]
The Melbourne auction market has risen from its January slumber with a bang. We have been noticing very large crowds at all opens since mid-January, but the first auction results are filtering through with clearance rates in the mid 70% range from all the data collection companies. And these numbers are very high for this […]
Most media outlets are now talking gloom and doom. Many are saying the Westpac rate increase will lead all banks to increase their rates and therefore stop people buying properties. Many bloggers and print media point to median prices beginning to slow and in many capital cities, apart from Melbourne and Sydney, already in negative […]
Many Real Estate offices in Melbourne will start to see the mass staff exodus for warmer climates over the next 4 – 6 weeks. Stock levels have reached their lowest levels for the year and will stay at this point for about 6 – 8 weeks until spring brings out the vendors who want to […]
Anyone who ventured outside yesterday for a nice autumn picnic would realise winter is already here. BUT NOBODY HAS TOLD THE PROPERTY MARKET. Saturday saw over 1000 auctions with a clearance rate, according to the REIV, of 79%. Whilst there will not be any significant auctions next week due to ANZAC day, I would assume […]
With the final test before the Easter hiatus passed with flying colours it is now very obvious to all and sundry that the market has jumped up a notch. How far? 3%, 5%, 7% or 10% in the past 4 months; the stats will tell us that in a month or two. But anecdotally, it […]
With over 1000 auctions last weekend, the clearance rates of the three main data collection companies have all come in at or just below 80%. The REIV, usually the highest data collection rate over the weekend came in with 939 auction results for a clearance rate of 78%. Please note, this means that all properties […]
Last weekend the clearance rate hit 65% according to one of the industry data analysts, the REIV. Of the 1405 auctions that the REIV had known about, the results of 1181 had been analysed over the weekend. This is a significant drop from the average figure for the year to date of 71% is, however, […]
