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This weekend's auctions in Melbourne recorded a 75 percent clearance rate. A total of 612 properties were sold, 811 were reported and 995 were listed with a median price of $816,000. In Victoria, a 76 percent clearance rate was recorded this weekend. A total of 944 auctions were reported to the Real Estate Institute of Victoria (REIV) with 716 selling and 228 being passed in. Of those passed …
Continue Reading about Melbourne Auction Results | 19th September 2015 →
The suburb of Oak Park is located 11 kilometers north of Melbourne's CBD and is part of the local government area of the City of Moreland. With a population of 5,771 as of 2011, it used to be part of the John Pascoe Fawkner estate. The suburb's name was chosen by the buyers of the Fawkner Estate. The area initially experienced slow development. It was only in the 19550s when housing …
Continue Reading about Suburb Trends for Oak Park, Victoria →
Today's auction results in Melbourne recorded a 76 percent clearance rate with a median price of $806,888. A total of 1,036 properties were listed, 839 reported and 639 sold. The highest paid property this weekend was a house that sold for $4.6 million. Regionwide, Victoria noted a clearance rate of 75 percent. A total of 982 auctions were reported to the Real Estate Institute of Victoria …
Continue Reading about Melbourne Auction Results | 12th September 2015 →
Property prices fluctuate due to various factors, such as the state of the local economy, employment opportunities and housing supply and demand. For this reason, people planning to buy a house need to keep track of market conditions to determine the current prices in their preferred locations. In Melbourne, house price growth was earlier predicted to be modest this year with a 3 percent to 5 …
Saturday's auction in Melbourne achieved a clearance rate of 76 percent with a median price of $802,000. A total of 550 properties were sold from the 716 reported and 878 listed. Regionally, Victoria recorded a clearance rate of 76 percent compared to last weekend's 78 percent. A total of 825 auctions were reported to the Real Estate Institute of Victoria (REIV) with 629 selling and 196 being …
Continue Reading about Melbourne Auction Results | 5th September 2015 →
The Reserve Bank of Australia made no changes to the official cash rate yesterday. The interest rate remains at its record low of two percent for the fourth month in a row. The move to maintain the current cash rate was widely expected by economists and traders. Many experts were one in saying that the central bank was maintaining a "wait-and-see" attitude following the two rate cuts in …
The suburb of Glenroy is located just 13 kilometers north of the Central Business District. It has a population of 19,664 and belongs to the local government area of the City of Moreland. In recent years, an increase in medium-density developments was noted in the area due to demand from first home buyers and young couples, the presence of residential amenities and its proximity to the CBD. …
Continue Reading about Suburb Trends for Glenroy, Victoria →
Melbourne's weekend auction yesterday recorded a clearance rate of 79 percent with a total sales of $507,885,800. A total of 1,046 auctions were listed while there were 848 reported auctions. Of the number, 677 properties were sold with a median price of $800,000. In the entire Victoria, a clearance rate of 78 percent was recorded compared to last weekend's 73 percent. A total of 941 auctions …
Continue Reading about Melbourne Auction Results | 29th August 2015 →
Auctions are one of the fastest ways to sell or buy a property. By putting your property on auction, you enjoy the benefits of having your home advertised complete with details and photos in national and regional publications, websites and sale boards at the property's location. Also, your property gets to be promoted to the agency's own buyer database via phone, post or email. If you're still …
Continue Reading about Tips for Preparing for and Bidding at Auction – Part II →
Yesterday's auction recorded a 76 percent clearance rate compared to 74 percent for the entire state of Victoria. A total of 839 auctions were listed while 671 were reported to the Real Estate Institute of Victoria (REIV). Of the total number, 512 properties were sold with a median price of $787,000. For the whole Victorian state, a total of 757 auctions were reported with 557 selling, 200 …
Continue Reading about Melbourne Auction Results | 22nd August 2015 →
