Melbourne Auction Results

Melbourne Auction Results – September 16, 2013

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 ...

Melbourne Auction Results – September 9, 2013

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 ...

Melbourne Auction Results – September 2, 2013

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 ...

Melbourne Auction Results – August 26, 2013

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 ...

Melbourne Auction Results – August 17, 2013

By Peter Sarmas on 19 Aug 2013 No Comments yet, your thoughts are very welcome

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 ...

Melbourne Auction Results – August 10, 2013

By Peter Sarmas on 12 Aug 2013 No Comments yet, your thoughts are very welcome

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 ...

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