Posted in News on Nov 1st, 2010
The inclement weather Saturday did not affect demand at this weekends auctions with a clearance rate of 67 per cent recorded.This is a good result in light of the fact that this weekend has a higher number of auctions than the comparable weekends in the past 5 years.There was a total of 343 auctions reported [...]
Despite an increase in the number of auctions, clearance rates held steady in Melbourne over the weekend. The number of homes under the hammer rose to more than 1,000 – the biggest weekend for auctions in more than two years, according to the Herald Sun. The Real Estate Institute of Victoria confirmed that while there [...]
Posted in Market Updates, News, Research on Oct 25th, 2010
The auction market is still performing strongly but vendors of higher-end properties are opting for private sales instead of risking their home at auction, experts warn. Real Estate Institute of Australia president David Airey warns that although the Melbourne market recorded a 68% clearance rate, the top-end is still struggling with discounts a common occurrence. [...]
Posted in Market Updates, News, Research on Oct 22nd, 2010
Spring has hit Melbourne’s property market with a vengeance, with more than 1100 auctions listed this weekend in what has been dubbed ”super Saturday”. The frenzy of listings was the result of a limited number of weekend selling days free from other public events like the grand final and the spring racing carnival. ”Houses sold [...]
Gary Peer Real Estate Report
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