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Melbourne recorded a 69 percent clearance rate yesterday with a total of 1,189 scheduled auctions. Of that figure, 137 sold prior to auction, 308 passed in, 576 sold at auction and four sold after auction. In the past three weeks, Melbourne's clearance rate dropped below 70 percent. Last weekend's rate was the lowest on record in more than two years. The most notable drop in clearance …
Continue Reading about Melbourne Auction Results | 7th November 2015 →
The Reserve Bank of Australia has, once again, maintained the cash interest rate at its lowest of two percent. This is the sixth month that the rate has been put on hold. During its monthly meeting earlier today, policy makers noted that inflation outlook may be lower than what's expected despite an improved economy. RBA Governor Glenn Stevens noted that the global economy is expanding at a …
Melbourne recorded a low clearance rate of 66 percent in yesterday's auctions. A total of 490 properties were listed for auction, 371 were reported and 252 got sold. The total amount of sales noted was more than $151 million based on data from the Domain Group. The clearance rate for Victoria over the weekend was also lower than the previous weekend at 67 percent. The rate was the similar for …
Continue Reading about Melbourne Auction Results | 31 October 2015 →
A 70 percent clearance rate was achieved over the weekend during auctions in Melbourne. A total of 1,479 properties were listed and 1,169 reported. Of that figure, 837 properties were sold with a total sales volume of more than $614 million. In the state of Victoria, the weekend auction recorded a 70 percent clearance rate with a total of 1,663 auctions scheduled. Sold prior to auction were …
Continue Reading about Melbourne Auction Results | 24 October 2015 →
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 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 …
