Clearance rates this week differ in the two newspapers; maybe not all properties being passed in or sold are getting reported!! The Age with 477 Auctions, Clearance rate 65% The Herald Sun with 477 Auctions, Clearance rate 62% Either way, no big shock. School Holidays, Petrol Prices, Tax Time could all be weighing in on […]
With clearance rates well and truly established in the low 60% range, we turn our focus on which properties are worth buying. Most people who do not have to sell at the moment – won’t be. Those vendors that are putting their properties on the market are usually doing so because they are moving due […]
After the long weekend’s lacklustre turnover, we were again shown that the market is not dead and buried. 67% clearance rate on 600 auctions is better than most of the results of the previous three months. The third week in March was the last time the clearance rate was above this. It is becoming more […]
A 61% clearance rate over the long weekend from only 190 offerings is fairly symptomatic of the current market. There were also nearly 500 private sales – this is more encouraging. We are still seeing reasonable turnover in the market place, but much of it now is dependent on good negotiation and assessment skills. Even […]
Another week of 64% clearance rates. Another week of agents saying that it is impossible to pick this market. Most media outlets have moved to call the market a “Buyers Market” and to some extent I agree with this. Most agents, however will keep telling us the market is fickle and that good properties are […]
I don’t think anyone would disagree when I say; we are moving into a totally new era in Real Estate. Already we can see the two distinctly emerging trends in areas of Melbourne and Sydney. We can see that a proportion of the suburbs will show growth patterns ranging from 10%-15% per annum over a […]
With the clearance rate at 63% again this week, we can see ourselves settling in for the winter sales season. This tends to be a time where volumes become lower, and negotiations become far more intense. If supply drops off whilst demand stays level, then pressure occurs in certain segments of the market. Investors have […]
Hallelujah!! The whole market has turned around now we have a clearance rate of 64%, which as one paper described it as 65%. What’s a single percentage point between friends? But it is great to see that the whole property market is now safe and that the world economy is recovering! I am sure we […]
As I am sure everyone is thinking 60% clearance rates means the end of the property market as most people understand it. With the quarterly median price across Melbourne falling 8.6% from the December Quarter to the March Quarter, it is obvious we need to sell all our property, all our shares, take our money […]
Total Auctions 358 Passed In 116 Passed in after Vendor’s Bid 83 Sold Before Auction 49 Sold at Auction 187 Sold after Auction 6 Clearance Rate 68% Total Private Sales 451 The long weekend brought us another quiet weekend in the property market. With only 358 auctions on the weekend, […]
