Melbourne Auction Results

Melbourne Auction Results – March 11, 2014

By Peter Sarmas on 11 Mar 2014 No Comments yet, your thoughts are very welcome

Over the hot long weekend only 233 auctions were reported to the REIV. Of those, 166 sold, while 67 passed in; 34 on a vendor bid. Although the numbers were lower and the weather wasn’t conducive to large crowds, a clearance rate of 71 per cent was recorded, compared to 73 per cent last weekend and 62 per cent this weekend last year ...

Melbourne Auction Results – March 3, 2014

By Peter Sarmas on 3 Mar 2014 No Comments yet, your thoughts are very welcome

In the blink of an eye it’s already the start of the autumn selling season in Melbourne. Before you know it, the footy season will also be upon us (it kicks off on March 14, for those counting down the days). February was a solid month for Melbourne’s auction clearance rates, and it really confirmed the strength of the property market ...

Melbourne Auction Results – February 24, 2014

By Peter Sarmas on 24 Feb 2014 No Comments yet, your thoughts are very welcome

This weekend was a big test for the Melbourne property market. It was what property commentators call a Super Saturday, as a whopping 1130 properties went under the hammer. This is a 21 per cent increase on last weekend’s numbers ...

Melbourne Auction Results – February 17, 2014

By Peter Sarmas on 17 Feb 2014 No Comments yet, your thoughts are very welcome

Unemployment figures released last Thursday showed a rise from 5.8 per cent in December 2013 to 6.0 per cent in January 2014, which means unemployment levels are now above the 5.9 per cent reached during the GFC. More concerning is that joblessness in Victoria is now at 6.4 per cent, its highest level since January 2002. ...

Melbourne Auction Results – February 10, 2014

By Peter Sarmas on 10 Feb 2014 No Comments yet, your thoughts are very welcome

All eyes were on the RBA last week when they reconvened from a two month break. With markets only pricing in a 5 per cent chance that rates would be cut by a further 0.25 per cent, the probability of an interest rate movement was always going to be limited ...

Melbourne Auction Results – February 3, 2014

By Peter Sarmas on 3 Feb 2014 No Comments yet, your thoughts are very welcome

There is something in the real estate market that seems to have property people pretty excited. It’s very early days, but a number of agents have reported a stronger than usual January. Much of their overhanging Christmas stock has been snapped up by astute buyers concerned about further price increases and a rise in interest rates ...

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