by Wendy Chamberlain | Nov 1, 2015 | Auctions
Melbourne recorded a low clearance rate of 66 percent in yesterday’s auctions. A total of 490 properties were listed for auction, 371 were reported and 252 got sold. The total amount of sales noted was more than $151 million based on data from the Domain Group....
by Wendy Chamberlain | Oct 26, 2015 | Auctions
A 70 percent clearance rate was achieved over the weekend during auctions in Melbourne. A total of 1,479 properties were listed and 1,169 reported. Of that figure, 837 properties were sold with a total sales volume of more than $614 million. In the state of Victoria,...
by Wendy Chamberlain | Oct 19, 2015 | Auctions
The weekend auctions in Melbourne resulted in a 73 percent clearance rate compared to last weekend’s 74 percent. A total of 1,233 properties were listed, 957 were reported and 710 were sold. The median price noted was $780,000. For the entire state of Victoria,...
by Wendy Chamberlain | Oct 11, 2015 | Auctions
Yesterday was a record auction day for October in Melbourne achieving a clearance rate of 74 percent. There were a total of 1,250 properties listed, 981 reported and 737 sold. Domain Group noted that home sellers were more motivated to sell due to the weakening market...
by Wendy Chamberlain | Oct 6, 2015 | Buying a Home
The Reserve Bank of Australia (RBA) has maintained the cash interest rate at two percent. During its board meeting today, Reserve Bank Governor Glenn Stevens noted that as the economy is growing at below the long-term averages, their monetary policy needs to be...
