We are starting to get used to the Saturday downpours. This is something we have not had to contend with often in the last 10 years. Although many people braved the cold and wet conditions, the clearance rate still remained relatively low at 61%. This is actually 2% higher than the revised clearance rate last […]
Clearance rate plummets to 61%! What will happen to the property market? Simple, it will slow down for the next six weeks then take off again in March next year. Good property is still selling very well at all levels of the market; from the multi-million dollar mark to the excellent investment options that are […]
With the rain on Saturday not able to dampen too many spirits, the market again proved that it is somewhat reluctant to falter. Well over 850 sales were reported to the REIV last week even with only 354 auctions clearing at a reported 67%. Whilst many of these properties passed in near the top of […]
Super Saturday has brought us exactly what we assumed would happen. Over $840M worth of property changed hands last week according to the REIV; nearly $600M at auction over the weekend. With over 1100 auctions gazetted over the weekend, the REIV reported a clearance rate of 68%. This means that although numbers of property jumped […]
Who says we are into spring. Mother Nature certainly reminded us who is in charge on Saturday. The freezing temperatures, blustery winds and intermittent rain, sleet and hail made for interesting auctions on Saturday. A 68% clearance rate again this week shows us a balanced market outcome for both vendors and purchasers. There were several […]
The atmosphere was a little more tentative on Saturday in comparison to last weekend. With a clearance rate of 68% many people look at this and worry about the market. In fact there was the highest volume, dollar wise, of property reported to the REIV since mid-June. You have to go back to early June […]
Spring is in the Air! Spring has sprung! Any more clichés we can think of? With a 74% clearance rate on nearly 500 auctions, another 450 private sales and with some agents deferring auctions because of the greatest day in September, well October, since 1990, the market is well and truly alight. Agents all over […]
Tied election results! Tied AFL Grand Finals! What’s next? Balanced property markets? What will happen to the Melbourne auction scene next weekend? We know there are several of the larger franchises meeting this morning to consider their options. Do we postpone? Do we go ahead anyway? It will be very interesting. In the Melbourne property […]
The world keeps ticking along at quite a pace. Clearance rates over 70%, whilst not as high as last year, still offer solace for most vendors. Only 4 properties short of the 1000 total sales for the week (REIV reported a total of 996 sales last week) and with the AFL grand final stopping most […]
612 auctions delivered a 70% clearance rate with 575 properties selling privately last week. Another week of over 1000 reported sales to the REIV. Investors are still a strong influence on auction outcomes in the lower end of the market. Good investment properties between $400k and $600k still remain the strongest contests in the market […]
