By Peter Sarmas on 23 Mar 2015 No Comments yet, your thoughts are very welcome
A clearance rate of 77 per cent was recorded this weekend compared to 77 per cent last weekend and 72 per cent this weekend last year. There were 1053 property auctions reported to the REIV with 809 selling and 244 being passed in, 113 of those on a vendor bid. Melbourne’s east has seen strong demand this year with a recorded clearance rate of 80 per cent. ...
By Peter Sarmas on 15 Mar 2015 No Comments yet, your thoughts are very welcome
Peter Sarmas comments on Joe Hockey’s proposal to allow first home buyers to access their superannuation to buy and get into the real estate market and he reports on why you need an asset which has kept up with inflation if you are hoping for a tree change, to go into a retirement village, aged or high care facility. ...
By Peter Sarmas on 7 Mar 2015 No Comments yet, your thoughts are very welcome
Melbourne property auctions recorded a clearance rate of 71 per cent this weekend. The market will gather momentum from next week onwards before delivering two super Saturday weekends in the next fortnight – with 1,173 auctions scheduled for next weekend and 1,265 on the following weekend. ...
By Peter Sarmas on 1 Mar 2015 No Comments yet, your thoughts are very welcome
This week marks the highest point in real estate property auction activity for the year to date. 1243 auctions were reported to the REIV for a clearance rate of 79%. Peter Sarmas reports that confidence has been building in Melbourne property since the Reserve Bank announced an interest rate cut of 0.25% to 2.25%. ...
By Peter Sarmas on 22 Feb 2015 No Comments yet, your thoughts are very welcome
This weekend’s large number of auctions in Melbourne marks the first major auction weekend of the year, with a further 1470 auctions expected next weekend. Peter Sarmas reports that first home buyers are being forced to look at apartments, an investment property first or cheaper house and land packages in Melbourne’s outer suburbs. ...
By Peter Sarmas on 15 Feb 2015 No Comments yet, your thoughts are very welcome
Auction clearance rates improved to 74 percent over the weekend, agents also reporting strong inspection numbers and results across the market this week. Peter Sarmas comments on the current sentiment in in Melbourne's property market, whether another interest rate cut next month is likely from the RBA and what this could mean for Australia’s economy. ...
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