by Chris | Dec 5, 2011 | Latest News, Melbourne Market
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...
by Chris | Dec 1, 2011 | Latest News, Melbourne Market
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...
by Chris | Nov 28, 2011 | Latest News, Melbourne Market
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...
by Chris | Nov 21, 2011 | Latest News, Melbourne Market
by Antony Bucello The auction clearance rate this week as reported by the REIV was 53% from the 668 auctions that took place over the weekend. A total of 352 properties sold and 316 passed in. Of the 316 properties that passed in, 204 of them were passed in on a...
by Chris | Nov 14, 2011 | Latest News, Melbourne Market
by Antony Bucello The REIV has reported a clearance rate of 54% from the 713 scheduled auctions over the weekend. 383 of the 713 properties that went to auction sold, and 60 or those (or 15%) sold before auction. A total of 330 properties were passed in and 214 of...
by Chris | Nov 7, 2011 | Latest News, Melbourne Market
by Antony Bucello The Reserve Banks’s decision to cut interest rates for the first time in more than 2 years on Melbourne Cup day has had little impact on the Melbourne property market. The cut to interest rates was widely expected and many are predicting a further...
