By Peter Sarmas on 26 Apr 2015 No Comments yet, your thoughts are very welcome
Approximately $6 billion worth of residential auction sales have been transacted in Melbourne in the year to date, about 10 per cent higher than this time last year. Catch up on Melbourne's Anzac Day real estate auction results and read our latest property news update at Street News. ...
By Peter Sarmas on 19 Apr 2015 No Comments yet, your thoughts are very welcome
Peter Sarmas reports that the Melbourne property market is experiencing highest clearance rates since 2010, with only the South East showing clearance rates below 70% for houses. The inner South and outer East had clearance rates above 90% over the weekend. Units also fared well recording above 90% clearance. ...
By Peter Sarmas on 12 Apr 2015 No Comments yet, your thoughts are very welcome
The inner and middle suburbs have seen the highest number of properties sold before auction this year, the top being Williamstown. Peter Sarmas reports on the Reserve Bank's interesting decision to keep interest rates on hold, to the surprise of most economists and money markets who predicted further cuts. ...
By Peter Sarmas on 5 Apr 2015 No Comments yet, your thoughts are very welcome
A recent study by Research House Core Logic RP Data called the Pain and Gain report shows that just over 30% of vendors sold their property for more than double what they bought it for. Peter Sarmas comments on whether or not you are likely to make a profit on your home if you decide to sell. ...
By Peter Sarmas on 28 Mar 2015 No Comments yet, your thoughts are very welcome
It has been a busy start to the year with more than 7,000 auctions held in the year to date. The annual clearance rate at 77 per cent is the highest since 2010. Peter Sarmas analyses the recently released intergenerational report and demographic data by the Australian Bureau of Statistics and explains how it will affect the property market in the future. ...
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. ...
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