by Wendy Chamberlain | Jun 8, 2020 | Auctions
Melbourne’s auction market achieved a 56 percent clearance rate over the weekend, lower than last weekend’s 65 percent. Despite this with the low volume of homes for sale, the market is considered strong. The total auctions was 143 while the confirmed...
by Wendy Chamberlain | Jun 3, 2020 | Buying a Home
The Reserve Bank of Australia has retained the official cash interest rate at its lowest level of 0.25 percent. The decision was widely expected by analysts and economists. RBA Governor Philip Lowe gave a more positive outlook as the country gradually reopens its...
by Wendy Chamberlain | Jun 1, 2020 | Auctions
Melbourne’s auction market recorded a 65 percent clearance rate over the weekend. There were more listings compared to the previous weeks. The clearance rate was also the highest since February despite the lower volumes. The total auctions was 175 while the...
by Wendy Chamberlain | May 18, 2020 | Auctions
Melbourne recorded a 53 percent clearance rate over the weekend. The clearance rate was down from last weekend’s 56 percent. The total auctions was 82 while the confirmed results was 39. The number of properties sold was 36 with 19 being passed in. Total sales...
by Wendy Chamberlain | May 6, 2020 | Buying a Home
The Reserve Bank of Australia has kept on hold the official cash interest rate at its lowest level of 0.25 percent. The decision was unanimously expected by analysts. RBA Governor Philip Lowe said the country continues to face a difficult period and the outlook...
