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594 homes sold at auction last week and another 252 sold prior to auction, with 184 passed in. 58 properties were withdrawn from sale and 71 auctions were postponed.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476 homes sold at auction last week and another 209 sold prior to auction, with 153 passed in. 47 properties were withdrawn from sale and 83 auctions were postponed.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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Melbourne Weekend Auction Results | 31st October 2021
The week ending 31st October delivered a clearance rate of 85% from the 1088 auctions reported for the period (based on REIV data). At the same time last year, there were 489 auctions reported. 633 homes sold at auction last week and another 289 sold prior to auction, with 164 passed in. 48 properties were withdrawn from sale and 111 auctions were postponed. It is great to see that the …
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Melbourne Weekend Auction Results | 24th October 2021
The week ending 24th October delivered a clearance rate of 90% from the 968 auctions reported for the period (based on REIV data). At the same time last year, there were 371 auctions reported. 575 homes sold at auction last week and another 292 sold prior to auction, with 93 passed in. 52 properties were withdrawn from sale and 116 auctions were postponed. It is great to see that the …
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Soaring property prices in sought after school zones
The trend of paying a premium for properties in sought after public school zones is nothing new. However, due to the pandemic and continued harsh lockdowns, more and more disheartened families are yearning to abandon Melbourne for a sea or tree-change. This has seen a sharp increase in home prices within popular school zones. For instance, some parts of Mount Eliza have seen property prices …
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Melbourne Weekend Auction Results | 17th October 2021
The week ending 17th October delivered a clearance rate of 88% from the 911 auctions reported for the period (based on REIV data). At the same time last year, there were just 149 auctions reported. 524 homes sold at auction last week and another 273 sold prior to auction, with 108 passed in. 36 properties were withdrawn from sale and 96 auctions were postponed. With the property market …
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Melbourne Weekend Auction Results | 10th October 2021
The week ending 10th October delivered a clearance rate of 86% from the 875 auctions reported for the period (based on REIV data). At the same time last year, there were just 41 auctions reported. 526 homes sold at auction last week and another 222 sold prior to auction, with 125 passed in. 26 properties were withdrawn from sale and 94 auctions were postponed. It is great to see that the …
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Melbourne Weekend Auction Results | 3rd October 2021
The week ending 3rd August delivered a clearance rate of 92% from the 560 auctions reported for the period (based on REIV data). At the same time last year, there were just 34 auctions reported. 392 homes sold at auction last week and another 120 sold prior to auction, with 46 passed in. 27 properties were withdrawn from sale and 104 auctions were postponed. If you're considering …
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Melbourne Weekend Auction Results | 26th September 2021
The week ending 26th September delivered a clearance rate of 92% from the 185 auctions reported for the period (based on REIV data). At the same time last year, there were just 21 auctions reported. 118 homes sold at auction last week and another 52 sold prior to auction, with 15 passed in. 23 properties were withdrawn from sale and 139 auctions were postponed. This week we profiled the …
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