We look to the media to tell us what’s happening in the property market. We read about movement in the median house prices and that these are the leading indicators of where the Melbourne property market is heading. And the papers and websites were full of information telling us that Saturday was the first big […]
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 […]
Clearance rates are falling, climbing remaining good. Median price is lifting, falling and just remaining steady! The Europe crisis has deepened, is behind us and has nearly found a resolution. Our property market is in good shape, about to drop 40% or will be moving up shortly. Whichever papers you read, whoever you listen to, […]
The stock market is in in turmoil, the Aussie dollar is falling like a stone and media commentators are unsure where interest rates are going to end up. Our politicians are more perturbed about what one politician will say in parliament today about his private life, than debating the budget issues and constraints. It is […]
Clearance rates are stagnating at 60% on very low turnover. The State Government budget this year has Kim Wells pulling his hair out trying to manage the State’s finances. We have data analysts contradicting each other and we have real estate agents telling us how well they are doing. Throw in the uncertainty of variable […]
