By Peter Sarmas on 7 Jul 2014 No Comments yet, your thoughts are very welcome
The Melbourne property market marches on. According to REIV the property clearance rate of 74 per cent was recorded this weekend compared to 73 per cent last week and 68 per cent on this same weekend last year. In 2014, about $9.8 billion in homes have been sold at auction. This figure is 41 per cent higher than this time last year ...
By Peter Sarmas on 5 Jul 2014 No Comments yet, your thoughts are very welcome
Recently, many properties have sold on auction day or within a week after the auction, yet recent figures suggest a downturn in the property market is expected in the near future. This week, Peter Sarmas mentions that rising interest rates and an oversupply of city apartments may hurt the property market ...
By Peter Sarmas on 30 Jun 2014 No Comments yet, your thoughts are very welcome
Melbourne auction properties results are showing properties are either selling on auction day or within a week after the auction. Consequently, despite the beginning of school holidays and an expected quieter period for property sales during winter it’s anticipated that the property clearance rate may not vary too much downward ...
By Peter Sarmas on 28 Jun 2014 No Comments yet, your thoughts are very welcome
This week, the potential incorporation of a new planning law threatens to have a major impact on property prices; however, auction results and clearance rates remain strong. In his weekly wrap Peter Sarmas discusses these new planning laws and the substantial influence they may have on the property market ...
By Peter Sarmas on 23 Jun 2014 2 Comments
In addition to the obligatory results and pulse on the Melbourne property auction market over the weekend, there are some significant changes coming into effect that will also be discussed in today’s property market wrap. As reported by REIV there was a 72 per cent property clearance rate from the 708 auctions reported over the weekend ...
By Peter Sarmas on 21 Jun 2014 No Comments yet, your thoughts are very welcome
On the back of a record month in May the property industry prepares itself for another month of potentially high auction results and clearance rates. But what's driving prices? In his weekly wrap Peter Sarmas discusses the growing strength in the Melbourne property market after we experienced another weekend of strong auction results ...
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