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Melbourne's auction market recorded a 57 percent clearance rate on Saturday, down from 61 percent the previous weekend. The number of scheduled auctions also dropped to 489 from while the number of reported auctions was 326. The number of properties sold was down to 190 with total sales amounting to more than $130,424,000. The median price in the area was pegged at $725,000. The low …
Continue Reading about Melbourne Auction Results | 11th May 2019 →
Despite much anticipation the RBA has decided they will keep rates on hold for another month, announced less than a fortnight out from the federal election. A record low cash rate of 1.5% has now been held since August 2016, although money market traders do not expect it to remain there much longer. It has been anticipated that the official cash rate would be cut due to consistently …
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Melbourne's auction clearance rate has improved to 61 percent over the weekend from the over 50.4 percent level in the month of April. Since the start of 2019, clearance rates have remained steady within the 40-50 percent range. The number of scheduled auctions on Saturday was 589 while the number of reported auctions was 353. The number of properties sold was 222 with total sales amounting to …
Continue Reading about Melbourne Auction Results | 4th May 2019 →
Buyers and sellers advocate Wendy Chamberlain from Chamberlain Property Advocates has spoken to Domain regarding Melbourne's first home buyer's preference towards buying homes closer to Melbourne CBD, shunning long commutes. "Wendy Chamberlain said she had noticed a move towards the northern suburbs over the past six to eight months. “They’re definitely buying based on a budget under $600,000,” …
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Melbourne's auction clearance rate slightly went down to 54 percent from last weekend's 56 percent. The number of scheduled auctions on Saturday was also down to 750 from the previous week's 775. The number of reported auctions was 495. The number of properties sold was 282 with total sales amounting to more than $186,318,000. The median price in the area was pegged at $730,000. The Domain …
Continue Reading about Melbourne Auction Results | 13th April 2019 →
Melbourne's auction clearance rate improved to 56 percent over the weekend from last week's 51. The number of scheduled auctions on Saturday was 775 while the number of reported auctions was 584. One of the factors behind the increase in auction sales was the lack of new homes. The number of properties sold was 334 with total sales amounting to more than $239,048,000. The median price in the …
Continue Reading about Melbourne Auction Results | 6th April 2019 →
Already using Social Media? Follow chamberlainadvocates.com.au for the latest about tips and tricks when it comes to buying a home and hiring a buyers advocate. The Reserve Bank of Australia delivered its verdict on interest rates for April 2019, just hours prior to the federal budget being handed down. Despite both economic growth and inflation continuing to undershoot forecasts, the …
Melbourne recorded a lower auction clearance rate of 51 percent over the weekend. The number of scheduled auctions on Saturday was 803 while the number of reported auctions was 589. Real estate agents that although the clearance rate was lower compared to the previous weekend's rates, around 70 to 80 percent of properties sell within a week of a booked auction. The number of properties sold …
Continue Reading about Melbourne Auction Results | 30th March 2019 →
Buyers and sellers advocate Wendy Chamberlain from Chamberlain Property Advocates has spoken to Domain regarding what is currently on Melbourne downsizers' wish list. “I think there is a definite trend of downsizers buying a low-maintenance city base in Melbourne that offers them quick and easy access to freeways to escape down the coast as they please. They know the timings necessary to leave by …
It's well documented that Melbourne Property prices are dropping, however it doesn’t mean every suburb is offering the ultimate bargain. Wendy Chamberlain spoke to Domain regarding more affordable, alternative suburbs to the highly sought after suburb of Toorak. Local suburbs of South Yarra, Prahran and Armadale may offer a similar lifestyle. “Nowadays in Melbourne, you can get the lifestyle …
Continue Reading about Melbourne’s most expensive suburbs and where to look instead →
