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 […]
It is now absolutely obvious to anyone looking at even basic statistical analysis that the market is turning. But many don’t realise just how fast. With clearance rates now in the high 70 percentile and private sale properties turning over faster than ever, we are about to see a massive turnaround in price movement in […]
If you are waiting for the bell to ring to show the change in the property market, consider it rung. The change in the current property market began its change in February with some consistent mid fifty percentile results and then through March and in the build up to Easter we saw the clearance rates […]
I listened to some of the rhetoric from the judges last night on The Block and kept hearing the phrase, “styling sells houses.” It was said whilst talking about the lack of personal touches from a couple of the contestants regarding their kitchens. One of them was perturbed that the basil was slightly limp in […]
The autumn selling season is up and running, or should I say racing. The REIV clearance rate for the first Super Saturday of the season has come in at an amazing 75% from 1100+ auctions. Looking back over the records, I cannot see this clearance rate on this many auctions since March 2010 and before […]
This year we have seen clearance rates climb substantially from the past two lacklustre years bringing with it a small rise in prices across the better suburbs of Melbourne. Whilst earlier in the year, we were tracking for a substantial increase in turnover; there has been a lull since Easter that has endured longer than […]
It is now obvious to those who spend much time in the Melbourne property industry that the market has changed since last year. Many who report on the market but do not actually spend time in it are failing to see the true changes that are occurring. After the media hype throughout 2010 & 2011 […]
Over the weekend the REIV auction clearance rate was 69%. Out of the 804 results, 107 were sold prior and 450 were sold on the day or passed in and negotiated after the auction. There are only 46 results still outstanding. With over 1200 auctions gazetted for next weekend before the Easter hiatus, the scene […]
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 […]
