By Peter Sarmas on 30 Sep 2013 No Comments yet, your thoughts are very welcome
The game that stopped a nation (or the game that stopped Victoria, anyway) also stopped auction activity over the weekend. No vendor or agent in their right mind would have auctioned a property on Saturday afternoon. Fans gathered around a barbeque with friends and a beer to watch and celebrate that “One Day in September” ...
By Peter Sarmas on 23 Sep 2013 No Comments yet, your thoughts are very welcome
Over this weekend, 800 properties were put to market in Melbourne and a reported 78 per cent sold; a solid performance on last week's already strong result. Next weekend, the school holidays and the AFL Grand Final will whittle auction numbers down ...
By Peter Sarmas on 16 Sep 2013 No Comments yet, your thoughts are very welcome
We knew going in that this weekend was going to tell us some important things about the health and direction of the Melbourne property market. To my surprise, the Melbourne auction clearance rate was a strong 76 per cent on a total of 832 reported auctions; although approximately 84 results are still yet to be gathered by the REIV ...
By Peter Sarmas on 9 Sep 2013 No Comments yet, your thoughts are very welcome
Unless you were hiding under a rock, you wouldn’t have missed out on one of the most anticipated days on the calendar this Saturday. The public went to the polls and voted for the Coalition in what appeared to be a landslide victory. For the first time in a number of years, we have a majority government with the ability to rule without compromise ...
By Peter Sarmas on 2 Sep 2013 No Comments yet, your thoughts are very welcome
While multiple bidders were still out in force over the weekend, the auction clearance rate fell back from its revised 79 per cent rate last week to reach 74 per cent, which is still favourable when compared to the 63 per cent recorded at the same time last year. I would expect this figure to be revised down further ...
By Peter Sarmas on 26 Aug 2013 No Comments yet, your thoughts are very welcome
The Melbourne market reached its highest clearance rate over the weekend at 82 per cent for 357 properties sold at auction. Despite the high number of properties unreported, there appears to be a renewed confidence in the market at the moment. This weekend last year the clearance rate was 57 per cent from 467 auctions ...
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