We are looking forward to an early start to the autumn selling season. There are now quite a few properties scheduled for auction on February 14. This is substantially earlier than usual. We are still inundated with enquiries from first home buyers and investors wanting to enter the market place as it is a very […]
Whilst the papers are full of which selling system is better, Auction or Private Sale, I think Enzo Raimondo’s comment in The Age “The market is a buyers’ market and having a skilled buyer’s agent working for you will help to get you the best deal" is far more relevant. To buy good property in […]
Welcome to the New Year. I hope you each had an enjoyable and fulfilling break. Whilst last year ended in a flurry, usually January builds up at a very slow and gradual pace. 2009 is not going to be an ordinary year. We have had a huge influx of enquiries and have already negotiated several […]
With the spring season drawing to a close we have seen the “clearance rate” climb to 57%. Private sales picked up to 635 for the week and this is the figure that we will be watching throughout 2009. I have been saying for months, the “clearance rate” is an obsolete statistic. Agents have finally worked […]
Total sales stayed above 1000 again this week and the clearance rate was up by 4%. Anxiety runs hot around the holidays and any properties that are still on the market after next weekend will struggle to sell this year. There are about 700 auctions booked for next weekend and only about 200 for the […]
If you read the “Gloom and Doom” printed in the media yesterday, then you may not have noticed that 1157 properties sold last week. This is the best result since April this year. Real Estate Agents are beginning to understand that Auctions are only good advertising for their agencies, not for the vendors’ property price. […]
It was hit and miss this weekend. With the cold and rain putting a dampener on people’s spirit (and wallets) the clearance rates were again at a low of 53%. Across the board this week there were sales and properties passed-in in the under $500,000 home buyer range, sales in the $500,000 – $1m upsizing […]
The “clearance rate” was 54% across the weekend. The media would have us believe there was no movement and that things are going from bad to worse. What they neglected to explain was the increase in total sales of 21.63%. These figures are the same ones supplied to the media by the REIV. Auctions are […]
The “clearance rate” continues its course towards 50% and there were only 840 total sales last weekend. The government is talking more gloom and doom than the media and the “R” word is being talked about more openly than the previous whispers in the corridors of our politicians. Interest rates around the world are dropping […]
We are back to the shrinking “clearance rate” again. The clearance rate dropped to 53% but the total sales for the week climbed 18%. Whilst most buyer agents and selling agents will tell you the market is “hitting the wall” or that the market is in free fall, this is a total fallacy. Investors are […]
