By Peter Sarmas on 24 Nov 2014 No Comments
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 22 Nov 2014 No Comments
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. “Although buyers are getting savvier, I keep hearing stories about how many have lost money trying to offload a bad purchase”. Read more about our latest property market results and what it means for you. ...
By Peter Sarmas on 17 Nov 2014 No Comments
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 15 Nov 2014 No Comments
Is the Melbourne Property Market Straining? This weekend the clearance rate was 68 per cent, which marks the first time it has slumped below 70 per cent since the first weekend of July. According to the Reserve Bank, the momentum in the Australian housing market is having a positive effect on consumer consumption ...
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 ...
By Sharon Fox-Slater on 29 Oct 2014 No Comments
Some small-scale property development projects can deliver profits upwards of 20 per cent, but choosing the right site can be a major challenge. Holding costs, while you get plans approved and building quotes, really add up. That means it is often better for development beginners to consider buying a run-down property ...
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