Melbourne Auction Results

Melbourne Auction Results – October 28, 2013

By Peter Sarmas on 28 Oct 2013 No Comments yet, your thoughts are very welcome

Is Melbourne witnessing a property boom? Not since 2010 have we seen so many properties on the market in one Saturday. This appears to be due to vendors trying to time their property sale between Grand Final day and the Melbourne Cup weekend. From the 1,317 auctions reported to the REIV so far, a healthy 74 per cent cleared at auction ...

Melbourne Auction Results – October 21, 2013

By Peter Sarmas on 21 Oct 2013 No Comments yet, your thoughts are very welcome

This week’s big news hardly registered a mention again, but the US managed to avoid defaulting on their debt and raised the debt ceiling. As a result, stock markets around the world did not collapse. Phew! As expected, the Republicans agreed to raise the debt ceiling at the eleventh hour, after playing hardball for weeks ...

Melbourne Auction Results – October 14, 2013

By Peter Sarmas on 14 Oct 2013 2 Comments

Melbourne turned on a glorious Saturday this weekend. With a reported 826 auctions going under the hammer, there was really no excuse for a poor showing. The city recorded a solid 76 per cent clearance rate on a very good volume of properties. This weekend was expected to either solidify a growing trend that the Melbourne property market ...

Melbourne Auction Results – October 7, 2013

By Peter Sarmas on 7 Oct 2013 No Comments yet, your thoughts are very welcome

The main news last week was that the Reserve Bank of Australia decided to leave the cash rate on hold at 2.5 per cent. Further RBA interest rate cuts are now looking more remote as the housing sector recovers and business and consumer confidence improves. Globally, the main concern was the US government shutdown ...

Melbourne Auction Results – September 30, 2013

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” ...

Melbourne Auction Results – September 23, 2013

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 ...

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