Melbourne Buyer Insights

Welcome to 2012 and to the February edition of Melbourne Buyer Insights, a quarterly newsletter brought to you by National Property Buyers. 2011 REIV Clearance Rate 56% The auction clearance rate is considered the barometer of how the property market is performing...

Melbourne Property Market Weekly Update

by Antony Bucello The REIV has reported a clearance rate of 53% for final auction weekend for 2011. A total of 482 auctions were reported and 254 of those sold and 228 passed in, 155 of which passed in on a vendor bid. Last weeks’ revised REIV clearance rate was 53%...

Melbourne Property Market Weekly Update

by Antony Bucello The second last auction weekend of the year saw a clearance rate of 55% as reported by the REIV. Last weeks revised clearance rate was 53% and at the same time last year, the clearance rate was 57%. A total of 803 properties went under the hammer on...

Melbourne Property Market Weekly Update

by Antony Bucello There were a total of 683 auction results reported to the REIV over the weekend and the clearance rate was 55%, up from last weekends revised clearance rate of 51%. A total of 374 properties found new owners and 309 passed in, of which 216 passed in...

Melbourne Median House Price to Double

Melbourne’s median property prices will likely double over the next decade and Australia is not experiencing a property bubble, says Real Estate Institute of Victoria CEO Enzo Raimondo. “The trend over the last 10 years or more has been upwards. If you look at the...

Buyer’s Agents Spend Your Time

Many people these days have very little time in their busy lives to go to endless home opens after work or at weekends if they’re in the market for a property. Or if people have just moved to WA from interstate or overseas then they may know very little about the...

Melbourne Property Market Weekly Update

By Antony Bucello The REIV has reported a clearance rate of 53% this week, up 3% from last weeks’ revised clearance rate of 50%. There were a total of 899 auctions reported to the REIV and 477 of those sold and 422 were passed in. Interestingly, of the 477 properties...