What does “median price” actually mean?

The most recent median prices are available on the REIV website. The data provides buyers, sellers and anyone with an interest in the real estate market with the most timely and accurate information on the current state of demand and will help them make their own...

Melbourne Market Auction Update

27 June 2011 According to the REIV, the clearance rate for this week was 58% , consistent  with the yearly average of 59%. 355 out of 611 properties that were scheduled for auction sold either before or after auction or under the hammer. A total of 256 properties were...

Melbourne Property Market Auction Update

20 June 2011 This week was another week where the clearance rate remained below 60%. According to the REIV, of the 639 scheduled auctions, 347 sold and 292 passed in, giving us a clearance rate of 54% . At the same time last year, the clearance rate was 68%. The NPB...

Melbourne Property Market

Melbourne Market Auction Update – 14 June 2011 The clearance rate for this week in Melbourne was 57% as reported by the REIV. The long weekend typically results in considerably less properties up for auction and this year was no exception. Out of only 146...