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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, a 74 percent clearance rate was recorded compared to the previous week's 72 percent. There were a total of 1,390 auctions reported to …
Continue Reading about Melbourne Auction Results | 17 October 2015 →
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 in recent months. Across Victoria, the spring auction market remains to be strong. A total of 805 properties were selling, …
Continue Reading about Melbourne Auction Results | 10 October 2015 →
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 "accommodative." He added that the board will continue to assess the economic outlook. This record low interest rate has been kept …
Continue Reading about Cash Interest Rate Maintained at Current Level →
Coburg is one of Melbourne's suburbs situated 8 kilometers north of the CBD. Part of the City of Moreland, it has a population of 24,977 as of 2011. The suburb has hundreds of shops in it main commercial precinct and is also serviced by different public transportation. In terms of housing, there are currently 10,348 homes and 4,433 units in place. Some 396 homes and 93 units were sold in the …
This AFL Grand Final weekend, Melbourne achieved a 56 percent clearance rate. A total of 51 properties were listed, 31 were reported and 18 were sold yesterday with a median price of $801,000. This weekend's clearance rate was much lower than last weekend's 73 percent. The rate has also been going down since September. The low auction clearance rate can be attributed to the enthusiasm of …
Continue Reading about Melbourne Auction Results | 3 October 2015 →
Melbourne's auction clearance rates these past weeks have remained steady at 73 percent. A total of 1,101 auctions were listed and 888 reported this weekend. The total number of properties sold was 658 with 10 withdrawn while the median price recorded was $751,000. According to Domain.com.au, the fastest growing suburbs in Melbourne today are Middle Park followed by Fitzroy, Prahran, Mont …
Continue Reading about Melbourne Auction Results | 26th September 2015 →
Melbourne has been named as most livable city in the world for five straight years. It has various reasons to be so including sufficient and affordable housing for all types of people. Thousands of suburbs exist in Melbourne and those who want to learn more about them can always check online. Here are several websites you can use to research on suburbs across Australia. Real Estate …
This weekend's auctions in Melbourne recorded a 75 percent clearance rate. A total of 612 properties were sold, 811 were reported and 995 were listed with a median price of $816,000. In Victoria, a 76 percent clearance rate was recorded this weekend. A total of 944 auctions were reported to the Real Estate Institute of Victoria (REIV) with 716 selling and 228 being passed in. Of those passed …
Continue Reading about Melbourne Auction Results | 19th September 2015 →
The suburb of Oak Park is located 11 kilometers north of Melbourne's CBD and is part of the local government area of the City of Moreland. With a population of 5,771 as of 2011, it used to be part of the John Pascoe Fawkner estate. The suburb's name was chosen by the buyers of the Fawkner Estate. The area initially experienced slow development. It was only in the 19550s when housing …
Continue Reading about Suburb Trends for Oak Park, Victoria →
Today's auction results in Melbourne recorded a 76 percent clearance rate with a median price of $806,888. A total of 1,036 properties were listed, 839 reported and 639 sold. The highest paid property this weekend was a house that sold for $4.6 million. Regionwide, Victoria noted a clearance rate of 75 percent. A total of 982 auctions were reported to the Real Estate Institute of Victoria …
Continue Reading about Melbourne Auction Results | 12th September 2015 →
