Melbourne Property Update

Buyer demand lifting in some suburbs of the city by Antony Bucello & Catherine Cashmore Another weekend passes and although there was a lift in the clearance rate, which came in at 61 per cent on a reported 532 auctions, there’s little perceptible...

Why Investors Are Essential For Our Property Markets

Written by Catherine Cashmore of National Property Buyers. Article originally published on www.propertyobserver.com.au Suggesting we need more investors in the property market is bound to evoke strong emotions from the first-home buyer demographic. Many blame...

Melbourne Property Market Weekly Update

A 55 per cent Clearance Rate – Good News or Bad News for Buyers? A 55% clearance rate is the lowest we’ve had so far this year. However, in a weekend where only 369 auctions were scheduled, an overall sales figure combining both private sales and those...

Melbourne Property Market Weekly Update

by Antony Bucello & Catherine Cashmore Market activity lifts We’ve been used to seeing weekly clearance rates languish in the 50 percentile throughout the latter half of 2011; therefore this weeks 61 per cent clearance rate is something to take note of....

Melbourne Property Market Weekly Update

by Antony Bucello & Catherine Cashmore The REIV clearance rate scraped in at 60% this weekend which is an improvement on last week’s rate of 58% and more in line with the two weekends prior to Labour Day. As we’ve pointed out previously, the clearance...

Melbourne Property Market Weekly Update

by Antony Bucello The Labour day long weekend in March every year is historically a quiet weekend for auctions and this year was no exception. According to the REIV, there were only 170 auction results that were reported in to date, with 99 sold and 71 passing in,...

Melbourne Property Market Weekly Update

by Antony Bucello The auction clearance rate as reported by the REIV was 62% on the weekend, with 497 properties selling from the 797 auctions that took place. A total of 300 were passed in, of which 186 passed in on a vendor bid. At the same time last year, the...

Melbourne Update by Antony Bucello

The REIV has reported a weekend clearance rate of 63% from the 772 auctions that took place. A total of 484 properties sold and 288 passed in, 189 of which passed in on a vendor bid. Last week’s revised clearance rate was 57% and at the same time last year, the...

Melbourne Property Market Weekly Update

by Antony Bucello The weekend’s clearance rate has been reported by the REIV as being 59%. There were a total of 579 auction results reported and 341 of those sold and 238 passed in, 155 of which passed in on a vendor bid. This weeks’ clearance rate has...