By Peter Sarmas on 24 Mar 2014 No Comments yet, your thoughts are very welcome
There is no doubt stock levels are rising as I notice a higher than normal level of properties are up for sale or heading to auction over the next few weeks. Venders are eager to beat the Easter Break rush. How is the health of the property market? Well good if you take clearance rates as the barometer ...
By Peter Sarmas on 17 Mar 2014 No Comments yet, your thoughts are very welcome
It was a cooler weekend thankfully, but this didn’t cool the heels of those looking to secure their next home. The REIV recorded a clearance rate of 73 per cent from 837 reported auctions, compared to 67 per cent last weekend and 68 per cent at the same time last year. There is certainly a sense of confidence in the property market ...
By Peter Sarmas on 11 Mar 2014 No Comments yet, your thoughts are very welcome
Over the hot long weekend only 233 auctions were reported to the REIV. Of those, 166 sold, while 67 passed in; 34 on a vendor bid. Although the numbers were lower and the weather wasn’t conducive to large crowds, a clearance rate of 71 per cent was recorded, compared to 73 per cent last weekend and 62 per cent this weekend last year ...
By Peter Sarmas on 3 Mar 2014 No Comments yet, your thoughts are very welcome
In the blink of an eye it’s already the start of the autumn selling season in Melbourne. Before you know it, the footy season will also be upon us (it kicks off on March 14, for those counting down the days). February was a solid month for Melbourne’s auction clearance rates, and it really confirmed the strength of the property market ...
By Peter Sarmas on 24 Feb 2014 No Comments yet, your thoughts are very welcome
This weekend was a big test for the Melbourne property market. It was what property commentators call a Super Saturday, as a whopping 1130 properties went under the hammer. This is a 21 per cent increase on last weekend’s numbers ...
By Peter Sarmas on 17 Feb 2014 No Comments yet, your thoughts are very welcome
Unemployment figures released last Thursday showed a rise from 5.8 per cent in December 2013 to 6.0 per cent in January 2014, which means unemployment levels are now above the 5.9 per cent reached during the GFC. More concerning is that joblessness in Victoria is now at 6.4 per cent, its highest level since January 2002. ...
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