With an emphatic statement across the weekend, buyers put their money where their mouths are. From over 900 auctions, there was a clearance rate of 73% with only 35 unreported sales. This is at the very upper level of my expectations and it will bode extremely well for vendors over the next 3 months. Of […]
Impressive numbers at all three auctions I attended on the weekend and similar numbers at open for inspections shows no slacking pace heading into the first “Super Saturday” auctions next week. Out of the three auctions that we bid at this weekend, there were 14 separate bidders. These larger numbers of competitors usually mean that […]
With the autumn selling season just beginning to build up for the first of the big auction weekends, we can already see that the competition for properties this year will be stronger than that of last year. The clearance rate across the weekend is basically meaningless. With only 250 auctions gazetted for the weekend and […]
Another weekend of 60% clearance rates on 875 reported Auctions and a further 690 private sales proving that the market is still marching on toward 2013 with gusto. Our enquiry levels have been exceptional, with many prospective purchasers now finding it very hard to compete in a market that is heating up. 2013 will be […]
With three of the biggest auction weekends of the year upon us, we have seen the first yield a healthy 61% clearance rate. Whilst nowhere near the lofty heights of 2009 (81%), this weekend’s result eclipsed the same weekend for both 2011(53%) and 2010 (59%). Both these past years had similar numbers of auctions. The […]
With another weekend of good clearance rates (64% according to the REIV) and a good number of sales it would be easy to assume the market has turned and we are on the up and up. Clearance rates have been at or above 59% – 60% for the last few weeks and continually show signs […]
With only 5 auction weekends to go this year the necessity for good negotiation becomes paramount. With another 69% clearance rate from 733 auctions that were listed by the REIV and over 3000 auctions listed for the next 3 weekends, vendors and purchasers will be frantic to do deals. If clearance rates continue around 60% […]
After this weekend’s “Super Saturday” the REIV have reported on 1053 auctions. 690 sold before, during or immediately after auction. This gives us a very healthy 66% clearance rate. The last time there were over 1000 auctions reported was the same weekend in October in 2010. From 1031 auctions there was a clearance rate of […]
It was a very solid 62% clearance rate across the weekend where the number of auctions that were reported was 695. Nearly 20% of these sold prior to auction and there are over 250 passed in and most will still be on the market. Next week there are 1200 gazetted auctions and, with a clearance […]
With an REIV 62% clearance rate, up from 54% on this time last year, we can see the market is changing. It is waking from an eighteen month slumber. The market will not revitalise itself overnight, but over the next six months I think we will see solid growth in the suburbs of Melbourne with […]
