For the week ending the 21st May, a total of 432 houses were scheduled to go under the hammer in Victoria. There were 210 homes sold at auction this week, with 131 homes passed in and 93 homes that sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 70%. If you have already found a property you are interested in and would like a …
Melbourne Weekend Auction Results
For the week ending the 14th May, a total of 802 houses were scheduled to go under the hammer in Victoria. There were 444 homes sold at auction this week, with 233 homes passed in and 125 homes that sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 71%. If you have already found a property you are interested in and would like a …
Melbourne Weekend Auction Results
For the week ending the 7th May, a total of 574 houses were scheduled to go under the hammer in Victoria. There were 314 homes sold at auction this week, with 157 homes passed in and 101 homes that sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 73%. If you have already found a property you are interested in and would like a …
Melbourne Weekend Auction Results
For the week ending the 30th April, a total of 770 houses were scheduled to go under the hammer. There were 561 homes sold at auction this week, with 209 homes passed in and 145 homes that sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 73%. Melbourne’s coastal suburbs and regional towns are dominating the top spots for house …
Melbourne Weekend Auction Results
For the week ending the 23rd April, a total of 437 houses were scheduled to go under the hammer. There were 247 homes sold at auction this week, with 116 homes passed in and 74 homes that sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 73%. According to realestate.com.au, clearance rates continue to bounce around the 70-80 …
Melbourne Weekend Auction Results
For the week ending the 16th April, a total of 205 houses were scheduled to go under the hammer. The lower number of auctions was anticipated due to the Easter long weekend. A total of 86 were sold at auction, 17 were passed in and one was sold prior to auction. According to data from realestate.com.au, there was a clearance rate of 81%. A recent article by CoreLogic, discusses the …
Melbourne Weekend Auction Results
There were 1083 auction results reported this week, ending the 9th April. A total of 586 were sold at auction, 271 were passed in and 225 sold prior to auction. Data from the Real Estate Institute of Victoria report a clearance rate of 75%. According to CoreLogic, this week was set to be Melbourne’s busiest week of the year to date for auctions. It is thought that the explosion of …
First Home Buyers Budget Lifeline
In line with the budget announcement last week, the Federal Government has stated that it will extend the First Home Loan Deposit Scheme. The Loan Deposit Scheme, which was due to end in June, will allow 10,000 more first home buyer loan guarantees up to a certain threshold, on the condition that those who get approved are purchasing new builds. The scheme will guarantee the loans of …
RBA announce no change to cash rate
The Reserve Bank of Australia (RBA) confirmed today, that the official cash rate will continue to remain at 0.1%. In their media release this afternoon, Governor Phillip Lowe, stated that "the Australian economy remains resilient and spending is picking up following the Omicron setback..[but]household and business balance sheets are in generally good shape". In their press release today, the …
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Melbourne Weekend Auction Results
There were 965 auction results reported this week, ending the 2nd April. A total of 564 were sold at auction, 230 were passed in and 170 sold prior to auction. Data from the Real Estate Institute of Victoria report a clearance rate of 76%. According to Domain , the shift to a buyer's market continues with five times more auctions scheduled this weekend compared to this time last year. …
