By Peter Sarmas on 8 Feb 2015 No Comments yet, your thoughts are very welcome
Real estate auction activity will continue to grow in coming weeks, with more than 1,000 property auctions scheduled for the first weekend in March. 2014 did not enter any bubble territory as predicted but instead showed stellar growth - in particular the Eastern Seaboard states with Melbourne growing by 8.1% yoy. ...
By Peter Sarmas on 15 Dec 2014 No Comments yet, your thoughts are very welcome
A clearance rate of 70 per cent was recorded this weekend, compared to 66 per cent last weekend and 68 per cent this weekend last year. Of the 1266 auctions reported to the REIV, 881 sold and 385 passed in, 192 on a vendor’s bid. The inner Melbourne region has had the highest clearance rate so far this year, at 73 per cent ...
By Peter Sarmas on 8 Dec 2014 No Comments yet, your thoughts are very welcome
There were 1347 auctions reported to the REIV. Of those, 926 sold and 421 passed in, 192 on a vendor bid. A clearance rate of 69 per cent was recorded compared to 65 per cent last weekend and 64 per cent this weekend last year. ...
By Peter Sarmas on 1 Dec 2014 No Comments yet, your thoughts are very welcome
Despite the state election, auction volumes have remained very strong. The top auction suburbs this weekend were Richmond, Port Melbourne, Reservoir, Doncaster East and St Kilda. There were 1213 auctions reported to the REIV. Of those 805 sold and 408 passed in; 209 on a vendor bid ...
By Peter Sarmas on 24 Nov 2014 No Comments yet, your thoughts are very welcome
A clearance rate of 67 per cent was recorded this weekend, compared to 66 per cent last weekend and 65 per cent this weekend last year. Of the 1073 auctions reported to the REIV, 720 sold and 353 passed in, 195 of those on a vendor bid. The market will become quite buoyant over the next fortnight, as 3,100 auctions are scheduled to go ahead ...
By Peter Sarmas on 17 Nov 2014 No Comments yet, your thoughts are very welcome
This week no less than 1165 were reported to the REIV, while the clearance rate was 69 per cent. These volumes are beginning to have a significant impact. Last week’s reported 68 per cent clearance rate was revised down to 64 per cent once more results were gathered later in the week, and I’m expecting this week to see much of the same ...
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