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 ...
By Peter Sarmas on 10 Nov 2014 1 Comment
This weekend, 934 auctions were reported to the REIV, resulting in a clearance rate of 68 per cent. Economist Andrew Wilson pointed out that this was the first time the clearance rate has slumped below 70 per cent since the first weekend of July, over four months ago. The Melbourne property market is beginning to strain under the huge volume of auctions ...
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