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 ...
The Melbourne market maintained its strength this week, almost mirroring last week’s results. Unreported auctions were substantially higher, at 93 compared to 50, but this was the only main difference. According to the REIV, this is the fourth week that Melbourne auction clearance rates were close to or above the 70 per cent mark ...
Last week's Reserve Bank announcement to cut cash rates by a further 0.25 per cent sparked rate cuts from banks and lenders around the nation. This means cash rates are now at the 59 year low of 2.5 per cent. Most banks moved quickly to pass on the rate ...