The week ending the 5th February, 2022 saw 602 Melbourne properties scheduled for auction. Of these, 250 properties were sold and 70 passed in. Two properties sold after auction and seven prior to auction. This was a clearance rate of 78% based on 332 auction results available (according to realestate.com.au data). As recently reported in realestate.com.au, price growth in Melbourne in …
Melbourne Weekend Auction Results
The week ending 29th January, 2022 saw 396 Melbourne properties scheduled for auction. Of these, 155 properties were sold and 45 passed in. Two properties sold after auction and one prior to auction. This is a clearance rate of 77% based on 206 auction results available (according to realestate.com.au data). As we get back into the swing of a new year, people are wondering what will lie …
Melbourne Weekend Auction Results
The week ending 22nd January, 2022 saw 169 properties scheduled for auction. Of these, 60 properties were sold and 18 passed in. One property sold after auction. This is a clearance rate of 77% based on 79 auction results available (according to realestate.com.au data). It is not unusual for auctions to dip in January - a very different time of the year compared to last month which had …
A tale of two properties
I’d like to share a story with you to highlight a few cautionary details about underquoting and dealing with Real Estate Agents. Our clients were interested in two properties – a Zoom viewing of an off market home on the Friday and another, which was being auctioned on the Saturday. We ended up purchasing the off market property for our clients at a very fair and reasonable …
Melbourne Weekend Auction Results
The week ending 18th December delivered an auction clearance rate of 76% from a total of 929 auctions reported for the period (based on REIV data). There were 620 homes sold at auction last week and another 264 sold prior to auction, with 277 passed in. There were 67 properties that were withdrawn from sale and 38 auctions were postponed. As Melissa Heagney recently reported, the …
Questions from a first home buyer
As a Buyer's and Seller's Advocate who's helped many people to buy and sell property over the years, I've been asked a lot of questions about how it all works. If you're looking to buy your first home, searching for your next one, or planning to sell your home, you might be feeling that uneasiness that comes from not knowing what you don't know. Take a moment …
Melbourne Weekend Auction Results | 21st November 2021
The week ending 21st November delivered a clearance rate of 80% from the 1038 auctions reported for the period (based on REIV data). At the same time last year, there were 519 auctions reported. 580 homes sold at auction last week and another 244 sold prior to auction, with 210 passed in. 34 properties were withdrawn from sale and 68 auctions were postponed. Hear about the benefits of …
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Now more than ever parents are helping adult children into the property market
Now more than ever, many first home buyers in Melbourne are relying on their parents to get into the property market. Research indicates that more than a third of parents in Victoria provide financial assistance to their adult children to help them purchase their first home. Property values in Melbourne continue to soar. In this June quarter, the median house price for Melbourne was …
Melbourne Weekend Auction Results | 14th November 2021
The week ending 14th November delivered a clearance rate of 82% from the 1031 auctions reported for the period (based on REIV data). At the same time last year, there were 462 auctions reported. 594 homes sold at auction last week and another 252 sold prior to auction, with 184 passed in. 58 properties were withdrawn from sale and 71 auctions were postponed. Unsure of what the suburb …
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Melbourne Weekend Auction Results | 7th November 2021
The week ending 7th November delivered a clearance rate of 82% from the 839 auctions reported for the period (based on REIV data). At the same time last year, there were 466 auctions reported. 476 homes sold at auction last week and another 209 sold prior to auction, with 153 passed in. 47 properties were withdrawn from sale and 83 auctions were postponed. Looking to buy in Melbourne …
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