Melbourne Auction Results

Melbourne Auction Results – December 16, 2013

By Peter Sarmas on 16 Dec 2013 No Comments yet, your thoughts are very welcome

This weekend closed what has been a tumultuous year for property. Though to be fair, Melbourne and most Australian capital city property markets have experienced a real turnaround. A special mention in today’s wrap must go to the sale of Julia Gillard’s house in Altona, which sold for a whopping $250,000 over its expected price ...

Melbourne Auction Results – December 9, 2013

By Peter Sarmas on 9 Dec 2013 No Comments yet, your thoughts are very welcome

The Melbourne auction clearance rate for this weekend was 66 per cent. Last week the REIV revised back their clearance rate to 68 per cent from 70 per cent after collecting data on nearly 98 per cent of sales. This weekend’s auction results cement what we have been saying – the Melbourne property market has been softening ...

Melbourne Auction Results – December 2, 2013

By Peter Sarmas on 2 Dec 2013 No Comments yet, your thoughts are very welcome

Now I need to fess up. I am the first to spout optimism about the Melbourne property market, but results from the last two weekends and the general consensus from agents and advocates on the ground has been unconvincing in my mind. There are definite signs that the market is softening. You just have to look closer to see why ...

Melbourne Auction Results – November 25, 2013

By Peter Sarmas on 25 Nov 2013 No Comments yet, your thoughts are very welcome

Is there evidence of a splitting property market in Melbourne - where buyers are aggressively bidding on certain property types in certain areas while other properties and suburbs remain subdued? Some commentators are calling this auction clearance rate drop the end of a ‘bull run’, but I’m not quite convinced yet ...

Melbourne Auction Results – November 18, 2013

By Peter Sarmas on 18 Nov 2013 No Comments yet, your thoughts are very welcome

When I sat down for my dose of The Financial Review on Sunday afternoon, I couldn’t help thinking we are either entering a boom or we are already in one. It almost feels like the late 1980s when massive successes were regularly paired with tales of corruption and criminal entrepreneurs Bond and Skase dominated the news ...

Melbourne Auction Results – November 11, 2013

By Peter Sarmas on 11 Nov 2013 No Comments yet, your thoughts are very welcome

A raft of news was released last week, which is sure to keep people guessing about the future of our economy and therefore the future of our housing market. The RBA met last Tuesday on Melbourne Cup day to make its much anticipated decision to keep rates on hold at 2.5 per cent. Then on Friday, the RBA released its quarterly statement ...

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