On Saturday one of the auctions I attended was of a 2-bedroom villa unit in Brunswick. After the quote range had been moved up during the campaign and unconditional offers were made, 5 people still fought out the property with it finishing at least $40k above the closest comparables in the area. The clearance rates […]
With an REIV Auction clearance rate again above 60% it is easy for property commentators and agents that look at one market to say the market has probably bottomed out. You can look at one data analyst’s figures and say the market is improving, you can look at another and it is “obvious” that the […]
Rental Vacancy rates still low. Feels like the same old thing week after week. Good properties in good locations are still getting plenty of interest. Family homes are very sought after in great locations, with close proximity to good schools and transport the most common requests. With the interest rates likely to drop again in […]
I have! There is now no doubt in my mind that property prices in Melbourne have reached their lowest point. And the drive by owner occupiers will lead to higher prices for the better properties over the next 12 – 18 months. We have already shown why median house price movements are basically a useless […]
In Scott Pape’s article In the Herald Sun on Saturday 27/8/2011 “Doing Your Block” he articulated that “The Block” was an abject failure. “The only thing that saved the show was the young bloke proposing to his girlfriend.” He put this down to the failure of the properties to sell. He explained that if the […]
