In what’s known in the industry as “jawboning”, the RBA’s governor is attempting to talk down the property market and insight fear into potential property investors in an effort to cool the market. A clearance rate of 80 per cent…
A clearance rate of 74 per cent was recorded this weekend compared to 80 per cent last weekend and 61 per cent this weekend last year. There were 242 auctions reported to the REIV this weekend, with 179 selling and…
A clearance rate of 81 per cent was recorded this weekend compared to 80 per cent last weekend and 71 per cent this weekend last year. There were 1048 auctions reported to the REIV this weekend, with 854 selling and…
Further signs of a strengthening market were witnessed over the weekend with a strong clearance rate of 82 per cent recorded from 940 auctions. This is up compared to last weekend’s 77 per cent and 71 per cent for the…
Coupled with the recent rate cut by the RBA to a 2% cash rate, we are seeing signs of urgency in the market with multiple bidding leading to many reserve prices being smashed. A clearance rate of 76 per cent…
Rising auction clearance rates this year have predictably translated into solid price growth. A clearance rate of 81 per cent was recorded this weekend compared to 79 per cent last weekend and 68 per cent this weekend last year. There…
Melbourne’s inner suburbs have led the way this weekend with the top three auction suburbs – South Yarra, Richmond and Brunswick – all on the CBD fringe. A clearance rate of 80 per cent was recorded this weekend compared to…
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. The middle and outer suburbs have experienced the highest increase in net…
Melbourne’s auction clearance rates are at highest levels since the last property boom in 2010. A clearance rate of 79 per cent was recorded this weekend compared to 75 per cent last weekend. There were 1060 auctions reported to the…
We expect April to be a relatively quiet month with a number of agents reporting strong listing numbers for the month of May. A clearance rate of 78 per cent was recorded this weekend compared to 70 per cent this…