Posted in Market Updates, News, Research on Apr 12th, 2012
Confidence continues to build across Melbourne’s property market after another positive weekend of sales. 929 auctions were reported to the Real Estate Institute of Victoria (REIV) for the last weekend of March. This was the highest number of auctions held in a single weekend so far this year. Skeptics across the city expressed concern over [...]
A recent blog posted on the Real Estate Institute of Victoria website shed some interesting light on changes to property values and cost trends over the last decade. Melbourne’s current median house price is $590,000. This is 103% higher than the $291,000 recorded at the same time in 2001. A decade ago the stamp duty [...]
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 [...]
Posted in News on Oct 29th, 2010
A chronic shortage in available rental properties is now a permanent fact of life in New South Wales three major metropolitan centres, the Real Estate Institute of NSW (REINSW) says.A chronic shortage in available rental properties is now a permanent fact of life in New South Wales three major metropolitan centres, the Real Estate Institute [...]
Posted in News on Oct 28th, 2010
The rise in residential property prices in Australia is expected to slow in the last three months of this year and into 2011, according to a new survey. Real estate price growth over the last year has ranged between 10% and 12% nationally, according to varying measures of the market. Only the major markets of [...]
Posted in News on Oct 27th, 2010
The rise in residential property prices in Australia is expected to slow in the last three months of this year and into 2011, according to a new survey. Real estate price growth over the last year has ranged between 10% and 12% nationally, according to varying measures of the market. Only the major markets of [...]
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 21st, 2010
The central bank says it’s aware of the difficulties property developers face obtaining credit, but it has questioned whether the sector is overly-reliant on debt. Reserve Bank of Australia (RBA) Deputy Governor Ric Battellino expects an improvement in the economy over the next few years to be reflected in the commercial property market. In a [...]
Gary Peer Real Estate Report
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