Melbourne Auction Results – March 23rd
Melbourne’s east has seen strong demand this year with a recorded clearance rate of 80 per cent in the inner east region. Over 85 per cent of homes going to auction in the middle and outer eastern regions have been sold in 2015.
A clearance rate of 77 per cent was recorded this weekend compared to 77 per cent last weekend and 72 per cent this weekend last year. There were 1053 auctions reported to the REIV with 809 selling and 244 being passed in, 113 of those on a vendor bid.
Clearance Rate: 77%
Reported Auctions: 1053
Sold at Auction: 666
Passed in: 244
Sold Before: 138
Sold After: 5
Auction Volumes: $775.03m
Last Weekend: 1128
Last Year: 994
Houses: 80%
Units: 73%
Melbourne Property Market Update – March 21st, 2015
Peter Sarmas comments on Joe Hockey’s proposal to allow first home buyers to access their superannuation, read the latest research results from BIS Shrapnel, the hot investment segment from the latest household surveys, guidelines related to the growth in investor lending and the conditions in the construction sector in Victoria.
Property Bubble Alert Following Hockey Thought Bubble
Treasurer Joe Hockey says Australia needs to make the super system more flexible, so flexible in fact that we should be able to spend a portion of our super in our youth as a deposit to buy a home. Louis Christopher reports on real estate property bubble alert following Hockey Thought Bubble.
Only 1 out of 100 apartments has 4 bedrooms in Melbourne’s CBD
A review of data from the apartments advertised for sale in the past two years shows that the size of dwellings does vary between the three inner city suburbs of Melbourne, Docklands and Southbank. Robert Larocca of CoreLogic RP Data reports on unit sizes in and around Melbourne.
First Time Buyers Motivations and Barriers
Why are first time buyers becoming property speculators? Martin North of Digital Finance Analytics discusses the striking trends highlighted in the household surveys.
Ikea: 7 Predictions For What Your Home Will Look Like In 2020
Pretty soon, a stool might be one of the most important pieces of furniture in your house. From silicon furniture to the death of storage, Marcus Engman of Ikea Sweden talks about the near-future of home furniture.
Top 5 Houses
- 353 Richardson Street, Middle Park $4,750,000
- 679 Orrong Road, Toorak $4,680,000
- 208 Beaconsfield Parade, Middle Park $4,510,000
- 14 Stirling Street, Kew $4,410,000
- 3 St James Mews, Brighton $3,550,000
Top 5 Bargain Houses
- 18 Ardent Court, Hastings $197,500
- 27 Thredbo Court, Epping $320,000
- 88 Creedmore Drive, Rye $322,500
- 15 Miram Court, Westmeadows $330,000
- 30 Bootie Court, Roxburgh Park $332,000
Top 5 Apartments
- 27 Oak Grove, Brighton $2,397,000
- 1/36 Dean Street, Kew $1,951,000
- 40A Cochrane Street, Brighton $1,605,000
- 3/103 Lucerne Crescent, Alphington $1,400,000
- 4/103 Lucerne Crescent, Alphington $1,400,000
Top 5 Bargain Apartments
- 5/1-3 Braemer Street, Seaford $215,500
- 10/29 Raleigh Street, Essendon $260,000
- 4/7 Stewart Street, Thomastown $265,000
- 2/2 Martin Street, Rosebud $272,400
- 7/9 Poplar Grove, Carnegie $275,000
Source: REIV
