Melbourne Property Market Weekly Update

Some standout results in a steady market atmosphere… by Antony Bucello & Catherine Cashmore If the interest rates had inspired prospective buyers to head out shopping this weekend, the rain put a dampener on any marked enthusiasm. Albeit, there were a few...

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,...