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Hi, A big weekend of auctions with 941 auctions reported to Domain with the Melbourne auction clearance rate achieving 71% over the weekend. 668 properties sold, 200 passed in and 73 were withdrawn. In comparison, the clearance rate for the same time last year was 60%. The Melbourne property market will quieten down over the...
Property News
Hi, The Domain Melbourne auction clearance rate was 73% over the weekend with 834 auctions reported, 604 properties selling, 166 passing-in and 64 were withdrawn. In comparison, the clearance rate for the same time last year was 61%. Over the past few weeks, there has been a lot of discussion regarding Melbourne property prices with...
Property News
Hi, The Domain Melbourne auction clearance rate was 73% over the weekend with 749 auctions reported, 547 properties selling, 124 passed in and 78 were withdrawn. In comparison, the clearance rate for the same time last year was 60%. Buyers braved the freezing conditions over the weekend and there were strong attendances at many auctions. ...
Property News
Hi, The Domain Melbourne auction clearance rate was a strong 75% on the weekend with 721 auctions reported, 543 properties selling, 125 passed in and 53 were withdrawn. In comparison, the clearance rate for the same time last year was 60%. This was a solid result considering the auction numbers were higher although results are...
Property News
Hi, Domain’s preliminary Melbourne auction clearance rate for the weekend has come in at 73%. 648 auctions have been reported, 470 selling, 47 withdrawn and 109 passing in. As a comparison, the Domain clearance rate for the same time last year was 60%. Last week we saw the Reserve Bank of Australia cut interest rates...
Property News
Hi, Domain’s preliminary Melbourne auction clearance rate for the weekend has come in at 73%. 552 auctions have been reported, 402 selling, 41 withdrawn and 109 passing in. As a comparison, the Domain clearance rate was 61%. Tomorrow, the Reserve Bank of Australia will announce whether they intend on cutting interest rates after the surprise...
Property News
Hi, Domain’s preliminary Melbourne auction clearance rate for the weekend has come in at 71%. 524 auctions have been reported, 372 selling, 51 withdrawn and 101 passing in. The clearance rate has been consistently in the low 70%’s for a number of weeks now. In comparison, the clearance rate was 57% for the same weekend...
Property News
Hi, Domain’s preliminary Melbourne auction clearance rate for last weekend is currently sitting at 76%. Each week the clearance rate has been nudging higher and higher demostrating strength in the Melbourne property market. 576 auctions were reported with 415 selling, 36 withdrawn and 125 passing in. The auction clearance rate for the same time last...
Property News
Hi, Last weekend, the Domain auction clearance rate for Melbourne came in at 74% on 490 auctions reported. 363 sold at auction, 41 were withdrawn and 86 properties passed in. The same weekend last year resulted in a clearance rate of 54%. Last weekend’s auctions had lots of activity with multiple bidders reported at many. ...
Property News
Hi, The clearance rate dipped slightly in Melbourne and so did the auction numbers with 451 auctions reported to Domain. Of these, 313 sold, 41 were withdrawn and 97 passed in. In comparison, the clearance rate last year was 62%. The RBA announced a shock decision to keep interest rates on hold last week. This...
Property News
Hi, The Melbourne’s auction clearance rate is improving weekly as confidence builds in the Melbourne property market. Domain has reported a clearance rate of 75% on 546 reported auctions. 411 selling at auction, 49 withdrawn and 86 passing in. The RBA will announce the next move with interest rates tomorrow afternoon with the majority predicting...
Property News
Hi, According to Domain, the Melbourne’s auction clearance rate reached the highest levels since May 2023 which shows the property market is improving and buyer confidence is growing. There were 658 auctions reported to Domain with 491 selling under the hammer, 97 passing in and 70 were withdrawn resulting in a clearance rate of 75%. ...
Property News
Hi, The Melbourne auction clearance rate slightly dipped on over the weekend to 69% on 867 auctions reported to Domain. 456 sold at auction, 142 passed in and 67 were withdrawn. As a comparison, the clearance rate for the same weekend, last year was 62%. Over the past two years many property investors sold their...
Property News
Hi , Lots of auctions over the weekend in Melbourne with reports of confident bidding and increased buyer activity. According to Domain, there were 737 auctions reported resulting in a clearance rate of 70%. The same weekend last year produced a clearance rate of 59%. As we predicted, buyer activity in Melbourne has risen but...
Property News
Hi , The Domain auction clearance rate for last weekend came in at 70% on a very big auction weekend. 1,073 auctions were reported with 747 selling, 217 passing in and 109 withdrawn. In comparison, the clearance rate last year was 62%. In addition, the REIV have recorded 188 private sales. There won’t be many...
Property News
Hi, The Domain auction clearance rate for Melbourne over the weekend was 72% on what was a high volume weekend. 618 auctions were reported to Domain with 448 selling, 55 were withdrawn and 115 passed in. In comparison, the same weekend last year resulted in a clearance rate of 59%. The Melbourne property market is...
Property News
Hi, Melbourne’s auction numbers increased over the weekend with 606 auctions being reported to Domain. 437 properties sold under the hammer, 58 properties were withdrawn and 111 passed in. In comparison, the clearance rate for the same weekend last year was 57%. Firstly, in last week’s market wrap I reported that the Reserve Bank of...
Property News
Hi , Over the weekend, Melbourne produced the strongest auction clearance rate in the country with a rate of 73%. This is the highest clearance rate we have seen since June 2023. Of 482 auctions reported, 350 sold, 47 were withdrawn and 85 passed in. Whilst the amount of auctions were lower due to the...
Property News
Hi, 942 auctions were reported to Domain over the weekend with 601 selling under the hammer, resulting in a clearance rate of 64%. This is slightly less than last week being 66% on 1,065 reported auctions. The same weekend last year resulted in a clearance rate of 60%. Even though the clearance rate is stronger...
Property News
Hi, The Domain auction clearance rate came in at 64% on 997 reported auctions. 640 sold at auction, 236 passed in and a total of 121 were withdrawn. The clearance rate for the same time last year was 62%. The property market continues to yield patchy results, with some properties doing extremely well with competition...
Property News
Hi, The Domain Melbourne auction clearance rate came in at 67% over the weekend on a what was a ‘Super Saturday’. Of the 913 auctions that were reported, 610 had sold at auction. This is stronger than the 61% clearance rate from the same time last year. Whilst we are seeing increased activity in the...
Property News
Hi, The Domain clearance rate is sitting at 67% for last weekend with 868 auctions reported and 583 selling at auction. In comparison, the same time last year the clearance rate was 60%. There has been a lot of hype over the Melbourne property market over the past month. The interest rate cut and media...
Property News
Hi, The first Super Saturday was scheduled last weekend and resulted in over 1,020 auctions being reported to Domain. Of those, 679 sold at auction achieving a clearance rate of 67%. This equals last week’s clearance rate of 67% on 718 auctions and ahead of last year’s clearance rate of 61%. The property market is...
Property News
Hi, Good news for borrowers today with the Reserve Bank of Australia cutting interest rates for the first time in four years. The cash rate has been reduced by 0.25% to 4.10%. Banks have recently been lowering their mortgage rates in anticipation of the interest rate cut today and it is speculated that the big...
Property News
Will RBA deliver first interest rate cut in four years? What will this mean for the Property Market?
Hi, The Domain clearance rate improved this weekend resulting in a clearance rate of 70% on 604 auctions reported. 422 property sold at auction and 130 passed in. This is higher than the 65% clearance rate recorded last year. The team has had a busy week purchasing properties and although there is a sense of...
Property News
Hi , The team at Elite Buyer Agents are back for 2025 and excited about what this year will bring in the Melbourne and Geelong Property Markets. Auctions have started and already bringing higher clearance rates than last year. Auction numbers are still low but will increase weekly and a ‘Super Saturday’ is predicted for...
Property News
Hi, A big auction weekend resulted in a solid clearance rate of 78%. 747 auctions were reported to the REIV with 404 properties selling under the hammer, 180 sold before auction, 1 after auction and 162 passed in. In addition, there were 150 private sales. In comparison, the final auction clearance rate last year was...
Property News
Hi, The clearance rate is sitting in the high 70%’s which is a good result but not unexpected. As Christmas approaches, vendors are keen to have their property sold as the ‘psychological’ deadline approaches. This means that many vendors are prepared to meet the market in order for their property sold before Christmas, even if...
Property News
Hi, A quieter auction weekend this weekend with 651 auctions reported to the REIV resulting in a clearance rate of 76%. 367 properties sold at auction, 126 before auction and 158 properties passed in. In comparison, the same weekend last year had 1,014 auctions resulting in a clearance rate of 70%. The Spring selling season...
Property News
Hi, The REIV auction clearance rate remained steady at 78% with 358 properties selling at auction, 157 before auction and 149 auctions passing in. There were an additional 313 private sales. In comparison, there were 936 auctions reported to the REIV last year resulting in a clearance rate of 72% The final REIV clearance rate...
Property News
Hi, The REIV reported a lower volume of auctions this Saturday in comparison to the same time last year. 638 auctions were reported to the REIV with 348 selling at auction, 124 selling before auction and 166 passing in. There were an additional 139 private sales. The same weekend last year the REIV reported 841...
Property News
Hi, There were 573 auctions reported to the REIV resulting in a clearance rate of 79%. 322 properties sold at auction, 128 before auction, 1 after auction and there were an additional 255 private sales. In comparison, the same weekend last year there were 817 auctions reported to the REIV resulting in a clearance rate...
Property News
Hi, 628 auctions were reported to the REIV on the weekend resulting in a clearance rate of 77%. 357 sold at auction, 124 sold before auction and there were an additional 432 private sales (a very large number). In comparison, the same time last year there were 843 auctions reported resulting in a clearance rate...
Property News
Hi, There were 577 auctions reported to the REIV resulting in a clearance rate of 77%. 315 sold at auction, 130 sold before auction, 1 sold after auction and 131 passed in. In addition, there were 133 private sales. In comparison, there were 876 auctions reported to the REIV last year resulting in a clearance...
Property News
Hi, There were 522 auctions reported to the REIV over the weekend resulting in a clearance rate of 75%. 284 sold at auction, 109 before auction and 129 passed in. There were an additional 225 private sales. As a comparison, the same time last year there were 677 auctions reported to the REIV resulting in...
Property News
Hi, It was the second weekend in a row the REIV reported a clearance rate in the 80%’s. 554 auctions were reported to the REIV, 318 properties sold at auction and 126 sold before auction resulting in a clearance rate of 80%. In addition, there were 238 private sales. In comparison, there were 713 auctions...
Property News
Hi, The clearance rate jumped into the 80%’s over the weekend and whilst too early to tell, it may suggest Melbourne’s Property Market might be turning the corner. There were 496 auctions reported to the REIV on the weekend with 286 selling at auction, 122 selling before auction and 88 properties passing in. In addition,...
Property News
Hi, There were 515 auctions reported to the REIV over the weekend resulting in a clearance rate of 77%. 277 sold at auction, 120 sold before auction, 1 after auction and 117 passed in. In addition there were 114 private sales. In comparison, the amount was much less for the same time last year which...
Property News
Hi, The REIV reported a decrease in the clearance rate to 75% on what was a low volume, cold auction weekend. 466 properties went under the hammer across the city with 239 properties selling at auction, 109 before auction and 118 passing in. In addition, there were 153 private sales. In comparison, the same time...
Property News
Hi, The REIV reported an increase in the clearance rate to 78% which is a solid result considering the amount of properties that went to auction. 602 properties went under the hammer across the city with 329 properties selling at auction, 138 before auction and 135 passing in. In addition, there were 153 private sales. ...
Property News
Hi, The REIV auction clearance rate remains steady at 75% with 631 auctions reported over the weekend. 324 properties sold at auction, 150 before auction, 157 properties passed-in and there were an additional, 282 private sales. In comparison, the same weekend last year, there were 713 auctions resulting in a clearance rate of 77%. Over...
Property News
Hi, The REIV clearance rate again remained in the 70%’s demonstrating some resilience in the Melbourne Property Market, even with some negative media reports last week. 734 auctions were reported to the REIV with 394 selling at auction, 162 before auction and 177 properties passed in resulting in a clearance rate of 76%. As a...
Property News
Melbourne Property Market Update Hi, The clearance rate has remained steady at 76% on 656 properties that went to auction over the weekend. 349 properties sold at auction, 149 selling before auction and 158 passed in. In addition, there were 297 private sales. In comparison, there were 750 auctions reported to the REIV for the...
Property News
Melbourne Property Market Update Hi, The clearance rate has remained steady at 76% but on a lower amount of auctions reported to the REIV. 596 properties went to auction over the weekend with 331 selling at auction, 120 selling before auction and 145 passing in. In addition, there were 297 private sales. In comparison, there...
Property News
Hi, The clearance rate dropped slightly to 74% on the weekend with 682 auctions held in Melbourne. 378 sold at auction, 129 sold prior and 175 passed in. In addition, there were 177 private sales. In comparison, there were 619 auctions held on the same weekend last year resulting in a clearance rate of 77%....
Property News
Hi, The auction clearance rate jumped again to 79% on 544 auctions across Melbourne. 306 properties sold at auction, 122 sold before auction and 1 sold after auction. In addition there were 147 private sales. Very similar numbers to last year where there were 537 auctions reported to the REIV resulted in a clearance rate...
Property News
Hi , The auction clearance rate dropped to 75% last weekend on 518 reported REIV auctions. Of the 518 auctions, 289 sold at auction, 100 before auction and 129 passed in. The same weekend last year produced a clearance rate of 79% on 598 auctions. In addition, there were 161 private sales. The higher end...
Property News
Hi , Melbourne property auction numbers are lower due to the school holidays with 436 auctions being reported to the REIV on the weekend. 231 sold at auction, 103 before auction and 102 passed in resulting in a clearance rate of 77%. In addition, there were 306 private sales. CoreLogic released their March quarter property...
Property News
Hi, The auction clearance rate dropped slightly to 74% on the weekend as a result of a huge Super Saturday. There were 1,106 auctions reported to the REIV with 605 selling at auction, 215 sold before auction, 1 sold after auction and their were an additional 153 private sales. In comparison, there were 970 auctions...
Property News
Hi , The auction clearance rate produced a solid 78% on the weekend on a reported (to the REIV) 885 auctions. 508 properties sold at auction, 179 sold before auction, 3 after auction and 195 properties passed in. In addition, there was a very high number of private sales, 436 in total. In comparison, a similar...
Property News
Hi , The auction clearance rate is remaining consistent with 746 auctions reported to the REIV. 472 properties sold at auction, 91 sold before auction and 183 passed in resulting in a clearance rate of 75%. In addition to this there were 161 private sales. The final clearance rate for last weekend was 78% on...
Property News
Hi, The Melbourne property market had a big test on the weekend with 870 auctions reported to the REIV. 480 properties sold at auction, 176 sold before auction and 214 passed in resulting in a clearance rate of 75%. In addition, there were 146 private sales. The increase in properties on the market has allowed...
Property News
Hi, Auctions in Melbourne have commenced for 2024 with clearance rates hovering in the high 70%’s to 80% which are the highest clearance rates that have been seen in quite some time. Last weekend, there were 675 auctions reported to the REIV with 395 selling at auction, 140 selling before auction and there were an...
Property News
Hi , There were 740 auctions reported to the REIV over the weekend resulting in a clearance rate of 73%. 413 properties sold at auction, 124 before auction, 1 sold after auction and there were an additional 236 private sales. The same weekend last year there were 942 auctions resulting in a clearance rate of...
Property News
Hi , The second biggest auction weekend this year resulted in a surprisingly stronger clearance rate than I was expecting. 73% of properties that went to auction sold. There were 820 auctions reported to the REIV in which 436 sold at auction, 159 sold before auction, 224 passed in and 1 sold after auction. In...
Property News
Hi , Melbourne’s auction clearance rate remained steady at 71% even after the RBA’s announcement of another interest rate hike. 724 auctions were reported to the REIV with 377 selling at auction, 150 before auction and 207 passing in. Interestingly, there were only 99 private sales recorded which is low for this time of year...
Property News
Hi , Melbourne’s auction clearance rate remained steady at 72% over the weekend which is a positive sign for the property market as it was a ‘Super Saturday’. 1,082 auctions were reported to the REIV with 555 properties selling at auction, 224 sold before auction and 303 passing in. In addition, there were 178 private...
Property News
Hi , Melbourne’s auction clearance rate dropped for the second week in a row to 72%. This is the lowest clearance rate we have seen for quite some time. 381 properties sold at auction, 144 sold before, 3 sold after auction and there were an additional 115 private sales. Whilst some vendor’s believe Spring can...
Property News
Hi , The Melbourne auction clearance rate dropped slightly to 74% over the weekend with 638 auctions being held across the city. 355 sold at auction, 116 sold before auction, 1 sold after auction and 166 passed in (83 of those on a vendor bid). In comparison, the same time last year there were 602...
Property News
Hi, The clearance rate held strong on the weekend with over 741 auctions being reported to the REIV resulting in a clearance rate of 78%. This has improved on last year’s clearance rate of 69%. Interestingly, the REIV are reporting that there were 2,404 auction sales in September 2023 which was a 37% increase from...
Property News
Hi, The clearance rate improved this week resulting in 76% of properties going to auction selling (as reported by the REIV). There were 726 auctions with 411 selling, 143 selling before auction and 172 passing in. In addition, there were 112 private sales. The same weekend last year was Grand Final weekend with 103 auctions...
Property News
Hi, As reported to the REIV, the clearance rate slightly dropped over the weekend to 73%. 618 auctions were held of which 451 properties sold and 167 passed in. 86 of these passed in on a vendor bid. The next two weeks will be quieter for both new listings and auctions due to the...
Property News
Hi, Auction numbers for September are at healthy levels with 670 auctions being reported to the REIV over the weekend. 379 sold at auction, 130 sold before auction and 161 passed in resulting in a clearance rate of 76%. There were an additional 223 private sales. In comparison, for the same time last year, there...
Property News
Hi , Auction numbers decreased this week with 676 auctions reported to the REIV resulting in a clearance rate of 74%. 365 sold at auction, 135 sold before auction and 176 passed in. In addition there were 136 private sales. Similar numbers on the same weekend last year with 661 auctions reported to the REIV...
Property News
Hi , We are very excited to announce that Elite Buyer Agents has expanded to the Gold Coast being managed by Senior Buyer’s Agent, Jenni Wright. Jenni, a highly experienced Buyer’s Advocate, has been in real estate for over 27 years and loves to navigate the “in demand” Gold Coast property market with complex negotiations...
Property News
Hi , The clearance rate jumped up back into the high 70%’s again with 535 auctions reported to the REIV. 317 sold at auction, 98 sold before auction, 1 sold after auction and 119 passed in. There were an additional 127 private sales. The same time last year there were 604 auctions reported resulting in...
Property News
Hi , The clearance rate dropped to 71% over the weekend with 555 auctions reported to the REIV. 395 properties sold with 319 being at auction, 76 before auction and 160 properties passed in. There were an additional 110 private sales. As a comparison, for the same time last year, the clearance rate was 69%...
Property News
Hi , Auction numbers are on the rise and last weekend there were 523 auctions being reported to the REIV. 302 sold at auction, 87 sold before auction, 1 sold after auction and 133 passed in producing a 75% clearance rate. There were an additional 124 private sales. Interestingly, a similar amount of auctions were...
Property News
Hi, Auction numbers still remain low with 397 auctions being reported to the REIV resulting in a clearance rate of 78%. 226 properties sold at auction, 85 before auction and 86 passed in. In comparison, there were 511 auctions reported for the same time last year resulting in a clearance rate of 67%. There were...
Property News
Hi , Auction numbers were down again this week with 385 auctions being reported to the REIV resulting in a clearance rate of 76%. 209 properties sold at auction, 82 before auction and 94 passed in. In comparison, there were 481 auctions reported for the same time last year resulting in a clearance rate of...
Property News
Hi, There were lower auction numbers over the weekend as a result of school holidays and also being in the middle of winter. 383 auctions were reported to the REIV resulting in a clearance rate of 73%, which is the lowest level it has been for quite some time. As a comparison, there were 524...
Property News
Hi, There were 504 auctions reported over the weekend resulting in a clearance rate of 76%. 288 properties sold at auction, 93 before auction and 123 passed in. There were an additional 206 private sales. In comparison, the same time last year there were 790 auctions producing a clearance rate of 69%. Renters may be...
Property News
Hi, The clearance rate slightly dipped over the weekend with 471 auctions reported to the REIV. 288 sold at auction, 78 before auction and 105 passed in. In addition there were 156 private sales. In comparison, there were 733 auctions reported to the REIV last year resulting in a clearance rate of 72%. The RBA...
Property News
Hi, 534 auctions were reported to the REIV resulting in a solid clearance rate of 80%. In comparison, there were 1,007 auctions on the same weekend last year producing a clearance rate of 73%. 351 properties sold at auction, 78 properties sold before auction and 105 passed in. In addition, there were 156 private sales....
Property News
Hi, 807 auctions were reported to the REIV over the weekend. 478 sold at auction, 143 sold prior to auction and 186 passed in resulting in a clearance rate of 77%. There were an additional 178 private sales. In comparison, there were 1,241 auctions held on the same weekend last year producing a 76% clearance...
Property News
Hi, 742 auctions were reported to the REIV on the weekend. 433 sold at auction, 142 sold prior to auction and 165 passed in resulting in an improved clearance rate of 78%. There were an additional 149 private sales. In comparison, there were 1,329 auctions held on the same weekend last year producing an 81%...
Property News
Hi, The clearance rate dipped slightly over the weekend with 685 auctions reported to the REIV. From 493 properties that sold, 375 sold at auction, 118 before auction and 192 passed in. There were an additional 133 properties that sold via private sale. Volumes are considerably down from last year where for the same weekend...
Property News
Hi, The clearance rate over the weekend improved again resulting in solid rate of 76%. There were 608 auctions reported to the REIV of which 337 sold at auction, 123 before auction and 148 passed in. There were an additional 298 private sales which is a high number and demonstrates that many vendors are still...
Property News
Hi, It was the first, high volume auction weekend for 2023 in Melbourne and it seems all signs are indicating that we are in a balanced market. There were 780 auctions resulting in a solid clearance rate of 75%. 452 properties sold at auction, 131 sold before auction and 197 passed in. There were an...
Property News
Hi, Melbourne Property Market Update Auction numbers were higher over the weekend with 557 auctions reported to the REIV, resulting in a clearance rate of 73%. Interestingly to note that the same weekend last year, there were 1,162 auctions resulting in a clearance rate of 80% and it was very much a sellers market, whereas...
Property News
Hi, 412 auctions were reported to the REIV last weekend resulting in a clearance rate of 71%. 224 properties sold at auction, 68 sold before auction and 120 properties passed in. In addition there were 242 private sales (a strong number), which is very much a reflection of the current market where some vendors are...
Property News
Hi, The time of year has come again for many of us to take a break and recharge the batteries for another year. 2022 has thrown some unusual challenges at us but also some welcomed freedom which we missed in the previous two years. We wish you all the best for a Happy Holiday season...
Property News
Hi, There were 622 auctions reported to the REIV over the weekend resulting in a clearance rate of 67%. 311 sold at auction, 104 sold before auction, 1 sold after auction and 206 passed in. There were an additional 188 private sales. Last week was the final week of 2022 where auction campaigns would be...
Property News
Hi, Auction numbers were down this past weekend and so too was the clearance rate. 661 auctions were reported to the REIV resulting in a clearance rate of 65%. 325 sold at auction, 103 before auction but it must be noted that the number of private sales for the week were high at 362. Over...
Property News
Hi , Auction numbers are down considerably in comparison to last year with 656 auctions were reported to the REIV on the weekend (same time last year was 1,296 however we just came out of a long lockdown), 329 sold at auction, 119 sold before auction, 1 after auction and there were an additional 175...
Property News
Hi , The clearance rate yet again remained in the 70%’s with 500 auctions being reported to the REIV. 262 sold at auction, 87 sold before auction, 1 after auction and 150 passed in. There were an additional 127 private sales reported. The clearance rate for this week is currently sitting at 70% with the...
Property News
Hi, The REIV clearance rate again remained steady at 69%, even on a higher number of auctions which is demonstrating the property market is remaining stable. 410 properties sold at auction, 134 selling before auction and 244 passed in. There were an additional 151 private sales. Interestingly the numbers were much higher last year as...
Property News
Hi, There were 485 auctions reported to the REIV on the weekend resulting in 259 selling at action, 80 before auction and 146 passing in resulting in a clearance rate of 70%. There were an additional 283 private sales reported. It seems we are not quite back into a normal Spring season yet. Stock levels...
Property News
There were 512 auctions reported on the weekend to the REIV producing a clearance rate of 69% yet again. 287 sold at auction, 66 before auction and 158 properties passed in. There were an additional 168 private sales. The Reserve Bank of Australia met last week and increased the cash rate to 2.6 per cent. ...
Property News
Hi, There was an increase in auction activity over the weekend as we head into the Spring season. 542 auctions were reported to the REIV, 287 sold under the hammer, 85 sold before auction resulting in clearance rate of 69%. There were an additional 344 private sales. Stock levels are on the rise and many...
Property News
Hi, There were 653 auctions reported to the REIV on the weekend achieving a clearance rate of 70%. 352 properties sold at auction with 106 selling before auction. There were an additional 195 private sales. Interestingly, last week’s final clearance rate was also 70% on 677 auctions. We have entered into a market of negotiations...
Property News
The REIV auction clearance rate remained stable over the weekend with 541 auctions reported. 372 properties sold with 282 of those selling at auction and 91 before auction. There were an additional 190 private sales. The increase in interest rates last week came as no surprise with the official cash rate rising to 2.35%. There...
Property News
The clearance rate moved back into the 70%’s over the weekend with 546 auctions reported to the REIV. 316 properties sold at auction, 67 before auction and there were an additional 276 private sales. All eyes will be on the Reserve Bank of Australia with their monthly meeting scheduled for tomorrow. Opinions are divided as...
Property News
The auction clearance rate dropped back into the 60%’s on the weekend with 518 properties going under the hammer. 279 sold at auction and 67 sold before auction resulting in a clearance rate of 67%. There were an additional 250 private sales. There is no doubt we have seen the property market stabilise and we...
Property News
Hi, The auction clearance rate for the second week in a row achieved in the 70%’s but the positive news is that it was on a higher number of auctions. 480 auctions were reported to the REIV over the weekend resulting in a clearance rate of 71%. 262 properties sold at auction, 79 before auction...
Property News
Hi , There was a slight improvement on the clearance rate over the weekend although the amount of auctions decreased. 387 auctions were reported to the REIV resulting in 215 selling at auction, 60 selling before auction and 112 passing in. There were an additional 183 private sales. The final clearance rate result last week...
Property News
Hi , The clearance rate over the weekend remained stable resulting in 67% of auctions selling. There were 406 auctions reported to the REIV with 214 selling at auction, 60 before auction and 132 passing in. There were an additional 158 private sales. Core Logic have released their July data which shows that house prices...
Property News
Hi , The clearance rate remained stable again at 66% on 515 auctions reported to the REIV. 338 properties sold at auction with 266 of those selling on the day and 71 selling before auction. There were an additional 149 properties sold via private sale. This time last year the auction numbers were similar but...
Property News
Hi, There were 439 auctions reported to the REIV on the weekend resulting in a clearance rate of 66%. 220 sold at auction and 71 sold before auction. There were an additional 177 private sales. It seems the clearance rate is sitting steadily in the mid 60%’s with last week’s final clearance rate being 67%...
Property News
Hi, 351 auctions were reported to the REIV on the weekend resulting in a clearance rate of 64%. 181 properties sold at auction, 44 before auction and 126 passed in. An additional 136 properties sold via private sale. The Australian economy is continuing to do well and the unemployment rate released last week is at...
Property News
July 11, 2022 Hi, Auction numbers were down last weekend but the clearance rate was slightly up. 388 auctions were reported with 206 sold at auction, 54 sold before auction and 128 passed-in producing a clearance rate of 67%. Strong increase in private sales (which is a typical way of transacting when the market is...
Property News
Hi, Last week saw a drop in auctions but a significant increase in private sale transactions. This is due to a less competitive market where agents/vendors will opt to sell via expressions of interest or private sale rather than auction. There is also an increase in off market activity. There were 610 auctions reported on...
Property News
Hi, There were 756 auctions reported to the REIV over the weekend producing a clearance rate of 65%. 392 properties sold at auction, 96 before auction, and there were an additional 146 private sales. The media have again jumped on the ‘property prices to plummet’ bandwagon which is not a new concept for us to...
Property News
Hi There were 770 auctions reported to the REIV over the weekend producing a clearance rate of 70%. Last week the final numbers were 1,164 auctions and a 69% clearance rate and this time last year, 668 auctions with a final clearance rate of 97%. 399 sold at auction, 137 sold before auction, 234 passed...
Property News
Hi , An expected quieter weekend of auctions with 437 auctions reported to the REIV. This same time last year there was 1,112 auctions. The clearance rate again dropped slightly to 70% with 210 properties selling at auction, 93 before auction, 3 after auction and there were an additional 168 private sales. There is no...
Property News
Hi , The clearance rate dropped slightly again this weekend however stayed stronger than I was expecting ahead of Saturday’s federal election. Of 802 auctions reported to the REIV, 444 properties sold at auction, 125 sold before auction and there were an additional 176 private sales. This resulted in a clearance rate of 71%. The...
Property News
Hi , The REIV clearance rate slightly dropped over the weekend to 73% with some buyers wanting to hold off buying until after the election. There could be a small window of opportunity for buyers in the marketplace however we did still see some competitive auctions over the weekend. Of the 574 auctions reported to...
Property News
Hi , Another weekend of clearance rates sitting in the 70%’s with 770 properties going under the hammer with 416 selling at auction, 145 selling prior to auction and 209 passing in. The end of result was a clearance rate of 73% (according to the REIV). The Reserve Bank will meet tomorrow and whilst the...
Property News
Hi , 1,083 auctions were reported to the REIV on the weekend resulting in a clearance rate of 75%. 586 sold at auction, 225 sold before auction, 1 after auction and there were an additional 178 private sales. This time, last week, there were 1,244 auctions reported producing a clearance rate of 76% and this...
Property News
Hi , There were 965 auctions on the weekend with 564 selling at auction, 170 sold before auction, 1 after auction and 230 passed in, producing a clearance rate of 76%. In addition, there were 233 private sales. CoreLogic released the quarterly median house price growth rates last week which confirmed that Melbourne’s property prices...
Property News
Hi , There were 724 auctions over the weekend resulting in a clearance rate of 80%. 438 sold at auction, 141 before auction and 145 passed in. There were an additional 176 private sales. These numbers are well down from 1,232 last week and 1,732 for the same time last year (however these numbers were...
Property News
Hi , There were 933 auctions over the weekend achieving a clearance rate of 76% which is slightly down on the same weekend last year. 508 sold at auction, 199 sold before auction, and 226 passed in. The amount of properties on the market has now returned to healthy levels with reports that stock levels...
Property News
Hi , A slight dip in the amount of auctions over the weekend resulted in a clearance rate back in the 70’s in Melbourne. There were 888 auctions reported with 683 sold at auction, 205 passed in and there were an additional 196 private sales. The overall clearance rate was 77%. It is expected that...
Property News
Hi , Another Super Saturday across Melbourne over the weekend resulted in a slight dip in the clearance rate to 76% from 81% last weekend. It seems to be currently bouncing between the mid to 70%’s to the low 80%’s. Of the 1,049 auctions reported, 612 sold at auction, 184 sold before auction and 1...
Property News
Hi , The clearance rate climbed back to 80% on a high volume weekend of 952 auctions. 757 properties sold (563 at auction and 194 before auction), 195 passed in and there were an 180 additional private sales. These numbers demonstrate confidence in the market from both buyers and sellers however some agents are reporting...
Property News
Hi , The auction clearance rate dropped to 77% over the weekend as the number of auctions increased to 724. Of these 724 auctions, 560 sold at auction and 164 passed in. There were an additional 150 private sales. There could be some early signs that we are heading into a more balanced market as...
Property News
Hi , The property market is gearing up for 2022 albeit auction numbers are down in comparison to last year. 402 auctions were reported to the REIV down from 549 for the same time last year. The clearance rate is remaining stable at 82%. In addition there were 185 private sales. There has been a...
Property News
Happy New Year! Myself and the team at Elite are all back in the office and looking very much forward to a busy 2022. Hopefully you have had a great start to the year. The property market is starting to wake up and auctions returned over the weekend with 598 auctions reported to the REIV producing...
Property News
There was another high auction volume weekend with 1,139 auctions reported to the REIV producing a clearance rate of 75% (same as last week). 591 properties sold at auction, 258 before auction and there were an additional 257 private sales. The 75% clearance rate is a welcome relief to buyers (possibly only short term) as the...
Property News
The clearance rate dropped to 75% over the weekend as a result of the increase in properties on the market. 1,116 auctions were reported to the REIV on the weekend with 600 selling at auction, 273 before auction, 1 after auction, 292 passed in and there were an addition 248 private sales. Last week’s final...
Property News
Hi , The weekend’s auction numbers were strong with 1,038 auctions reported to the REIV. 580 sold at auction, 244 before auction, 4 after auction and there were an additional 213 private sales recorded. The overall clearance rate was 80% and the final clearance rate for last week is sitting at 82%. There are over 1,000 auctions...
Property News
Hi , The clearance rate remained steady over the weekend at 82% on 1,052 auctions reported to the REIV. 606 sold at auction, 260 sold before auction, 1 sold after auction and 185 passed in. There were an additional 229 private sales recorded. The final number of auctions reported last week was 1,126 resulting in a clearance...
Property News
Hi , The clearance rate has been remaining steady with 852 auctions being reported to the REIV achieving a clearance rate of 82%. 483 properties sold at auction, 213 before auction, 1 after auction and 155 properties passed in. We have three to four more weeks of new auction campaigns before the market starts to...
Property News
Hi , Auction numbers are rising to levels close to what a normal Spring season should be with 968 auctions reported to the REIV over the weekend. The property market remains strong with the clearance rate hitting 90% over the weekend. 575 sold under the hammer, 292 sold before auction, 8 after auction and there were...
Property News
Another big online auction weekend with 960 auctions being reported resulting in a clearance rate of 89%. 557 sold at auction, 287 sold before auction, 6 sold after auction and there were an additional 278 private sales. Last week the end result was 1,140 auctions report with a clearance rate of 86%. For me, personally, I...
Property News
It was the biggest online auction weekend we have had yet in Melbourne, with 897 auctions being reported to the REIV achieving a clearance rate of 86%. The same time last year there were only 46 auctions. 233 properties sold before auction, 533 sold at auction, 2 after auction and 129 passed in. There were an...
Property News
Auctions numbers increased significantly last week with 568 auctions reported to the REIV producing a clearance rate of 92%. 396 sold at auction, 123 sold before auction, 2 sold after auction. In addition there were 190 private sales. Anything over an 80% clearance rate indicates we are in a sellers market and 92% clearance rate is...
Property News
There were 182 auctions reported to the REIV over the weekend resulting in a clearance rate of 96%. 88 properties sold at auction, 86 before auction with 246 auctions being postponed. In addition, there were 154 private sales. Some welcoming news with the Victorian Premier last week announcing private, one on one property inspections could recommence starting...
Property News
There were 192 auctions held over the weekend with 93% selling under the hammer. 121 sold at auction, 57 before auction, 139 postponed and in addition there were 102 private sales reported. I expect this number to start rising over the next few weeks. One on one private inspections of ‘unoccupied’ properties are now permitted...
Buy a home, Buyers Advocates, Buyers Agent, Market Wrap, Property News
Hi , There were 151 auctions reported over the weekend resulting in a 95% clearance rate. 80 sold at auction, 64 before auction and 262 were postponed. There were additional 114 private sales. More buyers seem to becoming more comfortable buying properties sight unseen with a considerable rise in agents offering virtual tours of properties...
Property News
147 auctions were reported to the REIV over the weekend producing a clearance rate of 97%. 72 properties sold at auction, 71 before auction, 329 were postponed and 4 passed in. In addition, there were 152 private sales. This time last year there were only 17 auctions. Victorian premier Daniel Andrews announced at a press conference last week...
Property News
The REIV reported 223 auctions over the weekend producing a clearance rate of 99%. Of the 223 auctions, 100 sold at auction, 120 sold before auction and 1 after auction. 441 were withdrawn and 634 postponed. In addition, there were 144 private sales. With no end in sight to lockdown ending, it is looking more...
Buy a home, Buyers Advocates, Buyers Agent, Develop, Investors, Lifestyle, Property News, Vendor Advisory
Hi, Auction numbers were down again over the weekend with 281 virtual auctions conducted. Of these auctions 138 sold at auction, 136 sold before auction and 7 passed-in bringing the clearance rate to 98%. Only auctions that selling agents were confident had buyers continued through to auction so the clearance rate is not reflection of the...
Buy a home, Buyers Advocates, Buyers Agent, Develop, Investors, Lifestyle, Property News, Renovate, Vendor Advisory
Hi, Auction numbers were down on the weekend with 482 auctions postponed. 387 auctions were still reported to the REIV with 214 of these selling at auction, 154 before auction and there were an additional 149 private sales. Most of the auctions that are scheduled for this weekend coming will likely be pushed out until...
Buy a home, Buyers Advocates, Buyers Agent, Develop, Investors, Lifestyle, Property News, Renovate, Vendor Advisory
Hi, What a difference a day can make, one day the State Government was announcing no Covid-19 cases then the next day we are in lockdown. There were over 1,000 auctions scheduled for the weekend however 701 have been reported to the REIV as being postponed. Of the 397 auctions that were to be held...
Buy a home, Buyers Advocates, Buyers Agent, Develop, Investors, Lifestyle, Property News, Renovate, Vendor Advisory
Hi, Lockdown 5.0 thankfully ended last week which allowed onsite auctions to take place over the weekend. 433 auctions were reported to the REIV weekend resulting in a clearance rate of 88%. 278 properties sold at auction, 50 passed in, 105 sold before auction but 595 were postponed (to take place over the next few weeks). In...
Buy a home, Buyers Advocates, Buyers Agent, Develop, Investors, Lifestyle, Property News, Renovate, Vendor Advisory
Hi, The second week of lockdown didn’t deter hundreds of vendors moving their onsite auctions to online with 443 auctions reported to the REIV. This was down on the previous week but up on the same time last year which only produced 293 auctions. Another high clearance rate of 94% was achieved however 527 auctions were postponed...
Property News
Hi, The sudden announcement of a fifth lockdown in Victoria threw the weekend’s Super Saturday auction calendar into chaos yet once again. Some auctions were moved from Saturday to Thursday night (pre-lockdown) in order to have the auction on site, some moved to online, some sold before auction and some have been postponed. 525 auctions...
Buy a home, Buyers Advocates, Buyers Agent, Investors, Renovate, Vendor Advisory
Hi, The REIV reported 729 auctions over the weekend producing a clearance rate of 79%. 443 sold at auction, 135 before auction, 1 sold after auction and a total of 150 passed in. In addition, there were 182 private sales. In comparison, last year there were 262 auctions reported resulting in a clearance rate of...
Property News
Hi, Auction numbers were high on the weekend with 958 auctions across Melbourne. 606 sold at auction, 150 sold before auction, 202 passed in and there were an additional 158 private sales. Over the past two weeks, we have seen real a disconnect in some agents price guides and reserve prices. A few of years...
Buy a home, Buyers Advocates, Buyers Agent, Develop, Investors, Lifestyle, Property News, Renovate
Hi , Auctions were back on the weekend with the REIV reporting 543 auctions with a clearance rate of 83%. 314 sold at auction, 135 sold before auction and 719 postponed. There were an additional 133 private sales reported. This time last year there were 438 auctions with a clearance rate of 67%. The next two weekends...
Buy a home, Buyers Advocates, Buyers Agent, Develop, Investors, Property News, Renovate, Traveling
Hi, A strong clearance rate of 96% was achieved over the weekend with 565 online auctions conducted. The final result for the previous weekend was 869 auctions and a clearance rate of 93%. In comparison, the same weekend last year produced only 159 auctions and a clearance rate of 67%. It must be noted that...
Buy a home, Buyers Advocates, Buyers Agent, Investors, Lifestyle, Property News
Hi, Last weekend was set to be Melbourne’s second biggest auction weekend of the year, with over 1,400 auctions booked in. However, the real estate industry was thrown into chaos on Thursday with the announcement of lockdown 4.0. As a result, many properties were sold before auction, auctions were being postponed, others converted to online auctions and some...
Buy a home, Buyers Advocates, Buyers Agent, Investors, Lifestyle, Property News, Resources
Hi, Melbourne’s auction clearance rate remained consistent over the weekend with 934 auctions reported achieving a clearance rate of 81%. 760 properties sold, 174 passed in and there were an additional 193 private sales. The consistent high auction weekends have bought more choice to keen buyers which has resulted in a more balanced market for...
Buy a home, Buyers Advocates, Buyers Agent, Investors, Property News
Hi Nikki, Another high volume auction weekend with 978 auctions reported to the REIV achieving a clearance rate of 82%. 806 sold at auction, 172 passed in and there were an additional 159 private sales. Over the weekend, the Victorian Treasurer Tim Pallas announced that stamp duty on property and land taxes will rise effective...
Buy a home, Buyers Advocates, Buyers Agent, Investors, Lifestyle, Property News
Hi, There was a Super Saturday in Melbourne over the weekend with 1,019 auctions reported producing a clearance rate of 81%. 623 properties sold under the hammer, 192 sold before auction and 195 passed in. There were an additional 204 private sales. The Australia Bureau of Statistics released data showing new home loans surging to...
Buy a home, Buyers Advocates, Buyers Agent, Develop, Investors, Lifestyle, Property News
Hi, There were 970 auctions held over the weekend resulting in a clearance rate of 81% according to the REIV. 609 sold at auction, 179 sold before auction and there were an additional 210 private sales. The clearance rate for houses was 84% with a median price of $1,200,000 and apartments achieved a 76% clearance...
Buy a home, Buyers Advocates, Buyers Agent, Lifestyle, Property News, Success Stories
Hi, There were fewer auctions over the Anzac Day weekend with 704 reported to the REIV producing a clearance rate of 80%. 566 sold at auction, 138 passed in and there were an additional 183 private sales. We will have five weeks straight of high auction numbers before the Queen’s Birthday weekend with the 1st of...
Buy a home, Buyers Advocates, Buyers Agent, Investors, Property News, Renovate, Vendor Advisory
Hi, There were 922 auctions reported to the REIV weekend producing a strong clearance rate of 86%. 623 sold at auction, 169 sold before auction and in addition there were 207 private sales. Active bidding, large crowds, reserves were smashed and whilst we thought a slow down in growth was in sight, the results from...
Buyers Agent, Property News
Hi, A huge amount of properties went under the hammer over the weekend achieving a clearance rate well in to the 80’s again for many weeks in a row. 1,451 properties went to auction over the weekend, with 964 selling at auction, 270 selling before, 1 sold after auction and 216 passed in. In addition,...
Property News
Hi, There were 943 auctions on the weekend resulting in a clearance rate of 83%. Of the 943, 631 sold at auction, 154 before auction and there were an additional 201 private sales. Next weekend will be a Super Saturday with over 1,000 auctions and once again, the clearance rate should reach into the 80%’s....
Buy a home, Buyers Advocates, Buyers Agent, Property News
Hi , Masks were off over the weekend and bidding was fierce at some auctions. The REIV clearance rate was 84% on 937 auctions. 592 sold at auction, 195 sold before auction and there were an additional 194 private sales. There is a huge interest in property at the moment, not only in Melbourne but...
Property News
Auctions were back into full swing on the weekend with 823 auctions reported which was the highest number of auctions we have seen this year. Of those, 554 sold at auction, 151 sold before auction and 118 passed in. There were an additional 300 private sales. In comparison, this time last year there were 1,138...
Property News
What a difference a week can make! Victoria’s property market was thrown into disarray with the announcement of a ‘circuit breaking’ five day lock down from Friday, 11:59pm. Some scheduled auctions were immediately converted to online auctions, others were postponed to the following weekend and a few selling before auction. All of the scheduled open...
Property News
Auction numbers are on the rise with 430 auctions reported over the weekend resulting in a clearance rate of 82%. This time last year there were 392 auctions with a clearance rate of 76%. Whilst we have only seen two weeks of auctions results this year, generally speaking, properties are selling above reserve and above...
Property News
Happy New Year! I am looking forward to a more positive year with hopefully less challenges than what 2020 brought us. The Victorian property market has swung back into action and signs are indicating that we are going to be in for a very active year. With record low interest rates, stamp duty concessions available to...
Property News
Melbourne’s auction numbers are almost at normal Spring levels as the year begins to close. The REIV reported 803 auctions on the weekend which was an increase on last year but still down on the same weekend last year. A clearance rate of 80% was achieved. 492 sold at auction, 147 sold before auction and 1...
Property News
Melbourne’s auction clearance rate over the weekend remained steady at 80% on 585 auctions reported. 357 of those sold at auction, 110 before auction and there were an additional 278 private sales. The State Government announced last week of stamp duty discounts which is welcoming news to many property buyers. There will be a 50% stamp...
Property News
The REIV auction clearance rate has improved once again achieving 85% on 400 auctions reported. 220 properties sold at auction, 118 before auction and 1 after auction. In addition there were 241 private sales. The clearance rate for houses was 88% and units 80%. These percentages whilst high, overall transaction numbers are still well down on...
Property News
The REIV auction clearance rate achieved a result in the 80’s again with 382 auctions reported. 231 sold at auction, 85 before auction and an additional 206 private sales. The clearance rate for houses was 84% and units 80%. In the first 12 days of November, CoreLogic’s data shows that Melbourne property prices were bouncing back...
Property News
The auction clearance rate over the weekend was 82% from 374 auctions. 219 sold at auction, 85 before auction and 2 after auction. In addition, there were 212 private sales. This is the third week in a row that auction clearance rates have been in the 80%’s. In comparison, there were 919 auctions on the same...
Property News
The Melbourne auction clearance rate was in the 80%’s for the second week in a row. Of the 420 auctions reported to the REIV (previous weekend was 375 auctions), 271 sold at auction and 84 sold before auction. There were an additional 295 private sales. The overall transaction numbers are expectantly down from last year but these...
Property News
Auction numbers are on the rise as stock levels increase across Victoria. Melbourne recorded a strong auction clearance rate over the weekend of 83% on 290 auctions which is the most amount of auctions held over a weekend in months. In addition, there were 112 private sales. The property market is continuing to remain resilient and vendors are...
Property News
It has been a great week for Victorians! Not only did Melbourne Storm, Geelong and Richmond book themselves a spot in this years Grand Final, cases of Covid-19 have dropped dramatically and we are now on the brink of defeating the second wave. Last night Daniel Andrews announced some easing of restrictions and more to come...
Property News
We are one week in to Metropolitan Melbourne now being allowed to conduct private inspections and there is no doubt the property market is active. There was a lot of confusion at the start of the week as to what was and wasn’t allowed but there now has been some clarity around that. In addition...
Property News
We are one week in to Metropolitan Melbourne now being allowed to conduct private inspections and there is no doubt the property market is active. There was a lot of confusion at the start of the week as to what was and wasn’t allowed but there now has been some clarity around that. In addition...
Property News
We received terrific news in Melbourne yesterday with some COVID-19 restrictions easing which included private inspections for real estate now a permitted activity. This is welcoming news for vendors, buyers, landlords and tenants. It is also our understanding that any necessary marketing services are also allowed (being photographers, videographers and stylists) which means we should see many new...
Property News
Some good news this week with the unemployment rate unexpectedly falling to 6.8 per cent in Australia from 7.5 per cent the previous month. The number of people in employment increased 111,000 as restrictions were unwinding across the country. In Victoria, unemployment rose to 7.1% from 6.8% which is below the highest point in June at...
Property News
With the daily cases of COVID-19 rapidly declining and with the first easing of restrictions today in metropolitan Melbourne, we are starting to sense a little more optimism as there is now light at the end of the lockdown tunnel. That being said, based on Daniel Andrews comments yesterday, it does not seem that private...
Property News
Melbourne’s Real Estate Industry was hit with some disappointing news yesterday as the Premier released Victoria’s Roadmap to Recovery. As it stands, there will be no private inspections allowed in metropolitan Melbourne until the 26th of October in devastating news for buyers and sellers. There had been a glimmer of hope that we were going...
Property News
Melbourne’s property market remains quiet but some properties that were listed pre-lockdown have sold and the odd property selling where the buyer has purchased sight unseen. New property listings are down 50% which is not surprising. Property prices have remained stable and the property market balanced due to many buyers and sellers holding off transacting until the property market...
Property News
We are halfway through Stage 4 restrictions and with the amount of daily Covid-19 cases declining, we appear to be on track for some restrictions easing in a few weeks’ time. The property market has been very quiet over the past few weeks with the inability to hold property inspections effectively shutting down the industry....
Property News
A strong clearance rate of 92% was achieved over the weekend with many buyers and sellers trying to transact despite Melbourne being in Stage 4 lockdown. 165 auctions were reported, with 60 selling before auction, 90 at auction and there were an additional 183 private sales. Over the next five weeks there will be very few transactions but we...
Property News
Over the past few days we have been waiting in anticipation to find out what the Real Estate Industry can and can’t do during Stage 4 restrictions. On Tuesday, it was announced that in metropolitan Melbourne the industry is only allowed to work in an online and virtual capacity. This means all Real Estate offices are to close and all staff...
Property News
An auction clearance rate of 78% was achieved over the weekend on 176 auctions and last week, there was an additional 154 private sales. In comparison, last weekend there were 292 auctions. Stock levels have been declining due to the recent spike in Covid-19 cases and vendors holding off selling their properties. There is no need to elaborate...
Property News
There was another strong auction clearance rate over the weekend with 78% of the 248 auctions reported selling. This is slightly down from 80% on 253 auctions last week but we are starting to see some consistency in the amount of auctions being conducted as vendors, agents and buyers are just getting on with things, even...
Property News
It certainly has been an interesting week with the cases of Covid-19 in Melbourne rising to levels which almost triggered a Stage 4 lockdown. At this stage, the government have not introduced Stage 4 restrictions however the wearing of masks will be mandatory from Wednesday night which means the real estate industry can still operate for the purposes...
Property News
As the Covid-19 second wave worsens in Melbourne, it doesn’t seem to have deterred many buyers from purchasing a property. Even though fearful, there is a “lets just get on with it” attitude across the city. We are all learning to live with this disease and we are becoming more accepting that this is the...
Property News
Over the weekend, the auction clearance rate increased to 72% which is an increase of 1% from last weekend and interestingly, an increase from 66% for the same time last year. For the first time since March, we can accurately compare the clearance rates to last year as the number of auctions were similar with 300 over the...
Property News
There were 443 property sales in Melbourne last week which is an increase on last week’s final sales numbers. The clearance rate was 65% on 415 auctions demonstrating we are in a balanced market. A balanced market is where housing prices are stable and there are an equal amount of buyers and sellers in the...
Property News
There were almost 400 property sales in Melbourne last week as property listings and auction numbers start to rise (although still low volumes compared to previous years). Buyer confidence and low stock levels produced some strong auction results with many properties selling with competition from multiple bidders. 77 McCracken Street, Essendon sold with four bidders for $2,985,000,...
Property News
For the first time in many months, there seems to be a feeling of normality in air. This included the Melbourne Real Estate Market which was very active with buyers inspecting properties, auctions with competitive bidding and just a feeling that we may have turned the corner. Over the weekend I inspected many properties varying in prices...
Property News
In true Melbourne style, the first day of winter is a cold and wet day. Historically, this also results in a decline in the number of properties for sale and some buyers disappear and await for Spring to purchase. We are hoping this year might be a little different as we are currently experiencing a shortage...
Property News
Good morning, Auctions are back, properties selling above quoted ranges, easing of restrictions will allow 20 people at an open for inspection and auction as of 1st June 2020, increased confidence and the rental market is rebounding. These are all what was experienced by my team over the weekend with signs that we are heading...
Property News
Good morning, The State Government last week announced they will now allow on-site auctions and open for inspections of properties. This is the first step in resuming back into a normal property market. The restriction to this allowing only 10 people in the property in addition to staff required to facilitate the auction or inspection. The contact...
Property News
Good morning, I hope everyone was able to have a lovely Mother’s Day. I certainly was able to enjoy my first Mother’s Day with my beautiful daughter. The Melbourne Property Market remained active last week with 308 sales occurring. 239 of those were private sale and the remainder were either before or at auction (online). ...
Property News
Good morning, I hope you had a lovely weekend. With some light appearing at the end of the Covid-19 tunnel, it is a good time to reflect on how Covid-19 has impacted the residential real estate market from both a buying/selling and rental view. At Elite, April still proved to be a busy month (albeit volumes...
Property News
Good morning, I hope you had a lovely weekend. The State Government’s economic rebuild plan is currently underway with strong rumours that they are considering revamping land transfer duty (stamp duty). The revamp is said to be abolishing the land transfer duty and implementing an annual land tax which is said to be a cheaper alternative....
Property News
Good morning, I hope you had a lovely weekend. Australian property prices made the headlines in the media again over the weekend with reports that Melbourne property prices could drop by upto 10%. Once again, I find myself in a position having to contradict what I am reading in the papers. As we know, it...
Property News
Good morning, I hope you had a lovely long weekend and enjoyed the beautiful sunshine yesterday. The real estate industry had a very eventful weekend after Consumer Affairs Victoria announced on Thursday afternoon, via their website, that private inspections of tenanted and occupied properties was now banned. This effectively shut down the real estate industry. This...
Property News
Good afternoon, Due to the current low volumes of auctions, the clearance rate is not a true reflection of the property market sentiment and therefore I will not be including clearance rate information in my market updates whilst the Covid-19 issues are affecting the property market. The REIV has reported that last week there were 126 properties...
Property News
Good afternoon, To say the least, I was quite shocked when I saw the REIV auction clearance rate on Saturday night sitting at 90%. But after investigating this further, this is not an accurate snapshot of the current market. The 28th of March was meant to be a Super Saturday auction day with well over...
Property News
Elite’s Weekly Market Wrap Good afternoon, With measures around the world to control the spread of Covid-19 changing with what feels like every hour, it is no wonder some property buyers and sellers are feeling quite nervous. This nervousness resulted in a clearance rate drop to 66% over the weekend. But instead of focusing on...
Property News
Elite’s Weekly Market Wrap Good morning, It seems that events are worsening daily as the amount of Covid-19 cases increases around the world. Governments are taking drastic measures to slow the spread of the virus as the World Health Organisation declared novel coronavirus a pandemic. It’s for good reason people are concerned as we enter into...
Property News
Elite’s Weekly Market Wrap Good morning, The weekend was the first test of the Melbourne property market with almost 1,000 properties going under the hammer. The clearance rate remained steady at 80% which is indicating we could be in a seller’s market (usually the case when the clearance rate is over 80%). A few more...
Property News
Elite’s Weekly Market Wrap Good morning, The weekend was the first test of the Melbourne property market with almost 1,000 properties going under the hammer. The clearance rate remained steady at 80% which is indicating we could be in a seller’s market (usually the case when the clearance rate is over 80%). A few more...
Property News
Elite’s Weekly Market Wrap Good morning, Firstly, a big congratulations to our three clients who were successful purchasing properties at auction on the weekend. Two being owner-occupier purchases and one for an investor. The cooler weather has been a welcome relief for many but the rain didn’t deter people attending auctions over the weekend. The clearance...
Property News
Good morning, I hope you had a lovely break and are feeling all refreshed to tackle 2020. The team at Elite are already into the full swing of things and excited about what this year will bring. All indications are suggesting we will be entering into a very active property market with confidence from both buyers...
Property News
What a year its been! The Melbourne property market wrapping up 2019 with a 75% clearance rate this week from a total of 974 properties going under the hammer. Of those properties, 581 sold at auction, while 150 sold before auction. In addition, there were 200 private sales. In comparison, the same weekend last year...
Property News
A very busy weekend in the Melbourne property market with 1027 properties up for auction, and a strong clearance rate of 78%. There were 637 properties sold at auction and 162 sold before auction. In addition, there were 219 private sales. In comparison, the same weekend last year had a clearance rate of only 47%...
Property News
The final Super Saturday for Spring 2019 saw 1082 properties going under the hammer, and the clearance rate increased to 77% with 669 properties sold at auction and 155 sold before auction. In addition, there were 191 private sales. In comparison, the same weekend last year had a clearance rate of only 48% on a...
Property News
Over the weekend, there were 838 properties going under the hammer, and the clearance rate increased to 72%. Of the auctions, 486 properties sold and 116 sold before auction. In addition, there were 206 private sales. In comparison, the same weekend last year had a clearance rate of only 47% on a weekend of 959...
Property News
Over the weekend, there were 898 properties going under the hammer, and the clearance rate increased to 76%. Of the auctions, 537 properties sold and 146 sold before auction. In addition, there were 175 private sales. In comparison, the same weekend last year had a clearance rate of only 48% but on a weekend of...
Property News
Elite’s Weekly Market Wrap 11th November 2019 This weekend in Melbourne saw 705 properties going under the hammer, and a slight dip in the clearance rate to 73%. Of the auctions, 422 properties sold and 91 sold before auction. In addition, there were 117 private sales. In comparison, the same weekend last year had a...
Property News
Elite’s Weekly Market Wrap 28th October 2019 A boost in auction numbers brings a Super Saturday to the Melbourne property market. This weekend Melbourne held almost double the number of auctions as last week with 1067 properties going under the hammer, while the clearance rate held steady at 76%. 685 properties sold at auction and...
Property News
Elite’s Weekly Market Wrap 21st October 2019 Hello to Spring! We had quite a mix of weather this weekend, as is typical during the Spring selling season. This weekend Melbourne held a few less auctions than last week with 652 properties going under the hammer, while the clearance rate held steady at 77%. 415 sold...
Property News
Elite’s Weekly Market Wrap 14th October 2019 Good morning everyone! This weekend there was a jump in the number of auctions in Melbourne with 698 properties going under the hammer, while the clearance rate held steady at 77%. 448 sold at auction and 88 sold before auction. In addition, there were 147 private sales. Melbourne’s...
Property News
Good morning everyone! The last weekend of school holidays saw 562 properties going under the hammer. 429 sold at auction and 71 sold before auction. In addition, there were 174 private sales. The clearance rate of 76% was significantly higher than the 55% for the same weekend last year. The latest reduction in interest rates...
Property News
Good morning everyone! It was a very busy weekend with 796 properties going under the hammer. 538 properties sold at auction, 88 sold before auction and 1 sold after. In addition, there were 136 private sales. There was a significant difference in the clearance rate with houses vs units with 81% of houses selling at...
Property News
Good morning! I hope everyone managed to enjoy the beautiful sunshine over the weekend. The sun certainly brought the crowds out with big numbers in attendance at Melbourne auctions over the weekend. Of the 625 auctions held, 399 sold at auction, 80 before auction, and additional 156 private sales bringing the overall clearance rate to...
Property News
Good morning! Weather conditions were not great over the weekend but it did not stop buyers from bidding or even just turning up to spectate. Large numbers were in attendance of many auctions which could mean there are many buyers out there sitting on their hands waiting to buy. Or simply could be keeping an...
Property News
Good morning! Corelogic has started releasing data showing the first property price rises in 18 months. June and July saw rises of 0.2 per cent and August is on track to have a 0.5 per cent rise. These small but consistent rises are demonstrating a market recovery which is also reflective in the clearance rates...
Property News
The clearance rate of 81% that was achieved in Melbourne over the weekend is the highest clearance rate result since April 2017. This demonstrates we have a shortage of properties on the market and entering into a seller’s market. This and some strong sales results should hopefully be enough to convince vendors to put their...
Property News
Good morning everyone! The clearance rate hit the highest point it has for quite some time achieving a rate of 79% on 443 auctions. However, it is important to note that this time last year though there were 742 auctions over the same weekend demonstrating that stock levels are considerably down. Buyers will certainly be...
Property News
Good morning everyone, The cold blast did not keep the buyers away on the weekend with big crowds at auctions being reported. The clearance rate remained steady at 76% on 382 auctions. 244 properties sold at auction with 45 selling before auction. 46 of the 93 properties that passed in, passed in on a vendor’s...
Property News
Good morning everyone, The clearance rate surged to 76% on the weekend again demonstrating that more properties are required on the market. We are still in a balanced market but if the clearance rate increases any further, we will be at risk of being in a sellers market. There were 375 auctions on the weekend...
Property News
Good morning everyone, Auction clearance rates were steady in the 70’s again over the weekend demonstrating we are now in a balanced market. But in saying that, there are still some properties attracting very good interest and resulting in a runaway result. Even though we could do with some more quality properties for sale, many...
Property News
Good morning everyone, The clearance rate held in the 70’s over the weekend with a rate of 71% achieved over the weekend on 285 auctions. 178 sold at auction, 24 before auction and additional private sales 170 bringing the total sales for the week 374. Interestingly we are noticing less properties are passing in on...
Property News
Good morning everyone, Another cold weekend with low auction volumes resulted in a surge in the clearance rate to 76% over the weekend. 254 auctions occurred over the weekend with 163 selling at auction and 30 before auction. In addition, there were 203 private sales. Showing that 50% of sales sold via an auction campaign...
Property News
Fitzroy North is an inner suburb of Melbourne just 3kms from the Melbourne CBD. One of Melbourne’s older suburbs the area is well known for its wide streets and terrace style housing. Many established houses in the area include late Victorian and Edwardian styles with plenty of iron fretwork and embellishment with a mixture of...
Property News
Good morning everyone, The weekend results in a consistent clearance rate of 72% but on a low number of auctions. Of 290 auctions, 176 sold at auction, 33 before auction and in addition there were 142 private sales. The clearance rate for houses was 74% and units/apartments was 68%. There is still no doubt we...
Property News
Good morning everyone, The Melbourne auction clearance rate increased again over the weekend to 73%, up from 70% last weekend. The clearance rate has consistently been improving since the election as a result of more confidence in the market and lower stock levels. Hopefully, the positive sentiment and the occasional runaway result will start to...
Property News
Good morning everyone, I hope everyone is managing to stay warm in this cold snap. The clearance rate increased again to 70% with some strong results in the marketplace. Stock levels are still low and this could be the case for some time to come. Of 487 auctions, 298 sold at auction, 42 before auction...
Property News
Good morning everyone, Each week, we are seeing slight improvements on the clearance rate with this weekend achieving 69% which is the highest clearance rate we have seen in quite some time. Properties on the market are still down though and we were expecting to see an increase of properties come onto the market after...
Property News
Clifton Hill is an inner Northern suburb of Melbourne only 4kms from the CBD. Once perceived as the Bohemian centre of Melbourne the suburb has since undergone rapid gentrification in recent years. Bordered by Collingwood, Fitzroy North and Fairfield the suburb is now a family favourite with an abundance of parkland, sporting amenities, bike trails...
Property News
Hawthorn East is an inner Eastern suburb of Melbourne only 7kms from the CBD. Hawthorn East is home to many well preserved and grand period homes as well as 60’s and 70’s apartment blocks, workers cottages and townhouses. In the better section of Hawthorn East you will find tree lined streets with renovated period homes...
Property News
Good morning everyone, The dreary weather did not stop buyers coming out to auctions on the weekend with another improvement in the clearance rate. Of 522 auctions held this week, 296 sold at auction, 45 before auction and there were additional 151 private sales. Houses had a much stronger clearance rate on the weekend of...
Property News
Armadale is a premier blue chip suburb in Melbourne’s inner East. Located 7kms from the CBD the area is popular with well to do families and professional couples who enjoy the “café set” lifestyle and trendy shopping strips. The area is home to many grand period homes on large parcels of land, patches of workers...
Property News
Good morning everyone, The cold wintery weather over the weekend did not seem to deter buyers in the market with the clearance rate remaining stable at 64%. The clearance rate was achieved on a weekend with higher volumes which seems to suggest the market is holding up quite well. Melbourne had 711 auctions on the...
Property News
Good morning everyone, Finally, the result is known and thankfully the election didn’t result in a hung parliament which could have resulted in the winning party not being announced for another two weeks. Liberal were the clear winners which we know some people will be happy about and others not. So what does that mean...
Property News
Good morning everyone, Melbourne’s clearance rate remained steady over the weekend with a clearance rate of 60%. Again lower auction volumes with 384 auctions held, down on last week and last year. Of that 189 sold at auction, 41 sold before auction and 165 additional private sales. The clearance rate for houses was 60% and...
Property News
Good morning everyone, Winter is just around the corner and historically we see stock levels decline over the June and July months as vendors avoid selling in the winter period. We may experience something slightly different this year with some vendors holding off until after the election to put their property on the market. The...
Property News
Elwood is a popular beachside suburb of Melbourne 8kms from the CBD. Initially, just a swampland the installation of the Elwood Canal transformed the area and was then useable for residential purposes. Originally a working class suburb Elwood has seen years of gentrification and is now one of Bayside’ s most sought after addresses. Elwood...
Property News
Elite’s Weekly Market Wrap 29th April 2019 Good morning all, I hope you all had a lovely break. Even though the property market did quieten down over the school holidays, some transactions were still occurring. Last weekend was a relatively quiet auction weekend with 378 auctions conducted of which 170 sold at auction, 45 before...
Property News
Elite’s Weekly Market Wrap 15th April 2019 The clearance rate remained steady at 58% this week from 663 auctions. Of the 663, 329 sold at auction, 53 before auction, 3 after auction and in addition there were 180 private sales. 138 properties passed in on a vendor bid. Houses had a stronger clearance rate this...
Property News
Elite’s Weekly Market Wrap 8th April 2019 This week we saw an improved clearance rate from 54% last week back to 58% on 643 auctions. 307 sold at auction and 64 sold before auction. Of the 271 that passed in, over 50% of those were on a vendor bid (163). In addition, there were 157...
Property News
Good morning everyone! This weekend we saw an increase in Melbourne auctions resulting in a slight decline of the clearance rate to 54%. This week 696 auctions were held with 335 selling at auction and 41 before auction. In total there were 135 private sales. Units/apartments had a higher clearance rate of 58% with houses...
Property News
Good morning everyone! This week we witnessed a 59% clearance rate which is a slight improvement from 58% last week. Over the weekend there were 554 auctions held with 278 selling at auction, 47 selling before auction and in addition to this 125 private sales. The sentiment appears to be starting to shift with some...
Property News
Good morning everyone! The market wrap is back after the long weekend to report another increase in the clearance rate to 58%. Over the weekend there were 648 auctions held with 317 selling at auction, 56 selling before auction and in addition to this 115 private sales. We are seeing many auctions now with multiple...
Property News
736 auctions were held this week over Melbourne with 354 selling at auction, 58 sold prior and 1 after auction. In addition to this there were 149 private sales equating to 885 sales in total and a clearance rate of 56%. The clearance rate seems to be stabilising in the 50’s however we are seeing...
Property News
816 auctions were held on the weekend which was the first real test for the Melbourne Property Market. Of those, 345 sold at auction, 88 before auction and 383 passed in with 201 passing in on a vendor bid. In addition, there were 149 sales. I was disappointed to see another sensationalist headline in the...
Property News
Melbourne’s clearance rate of 56% is the highest clearance rate achieved since the downturn began in September last year. Auction attendances were up and there is no doubt there are a lot more buyers attending open for inspections. I am hearing many reports of properties achieve 50 to 100 groups through for their auction campaigns....
Property News
It was another quiet weekend with only 237 auctions held over the weekend. 95 sold at auction, 29 before and 149 private sales. Auctions volumes will increase over the next few weeks and we will really start to see how the property market is shaping up. The open for inspections we attended over the weekend...
Property News
Happy New Year and welcome to the 2019 series of Elite’s Melbourne Property Market Updates. We are really looking forward to a great year. The start of 2019 has been nothing short of positive for Melbourne’s Property Market. Not only we, at Elite, have had an increase in enquiry from buyers but many buyers who...
Buyers Agent, Property News
The last auction weekend of the year showed an improved clearance rate of 53% on 746 auctions that were held. 315 sold at auction, 78 before auction, 2 after and 156 private sales. For the properties left on the market, some vendors will be feeling the pressure to reduce prices to achieve a sale prior...
Property News
The second last auction weekend of the year brought results that were similar to the weeks prior. A clearance rate of 48% was achieved on 888 auctions. 347 sold at auction, 83 sold before auction, 458 passed in and there were an additional 158 private sales. We now just have over two weeks until Christmas...
Property News
The clearance rate remained under 50% again which now seems to be the new normal. Of 946 auctions, 356 sold at auction, 106 sold before auction and 2 sold after auction. There were also an additional 189 private sales. Considering the higher volume of properties going to auction over the weekend, the clearance rate actually...
Property News
The clearance rate dipped under 50% again this week with 757 properties going under the hammer. 282 properties sold at auction, 83 sold before auction and there were 218 private sales. Of the 392 that passed in, 170 were on a vendor bid. Interestingly there is a divide between the clearance rate for houses and...
Property News
This weekend a clearance rate of 48% was achieved from 990 auctions. Of those properties, 386 sold and 515 were passed in, 254 of those on a vendor bid. There were also 183 private sales over the past week. Buyers have four weeks to go to make the most of the eased buying conditions before...
Property News
This weekend a clearance rate remains stable at 52% was achieved from 810 auctions. Of those properties, 420 sold and 390 were passed in, 171 of those on a vendor bid. There were also 162 private sales over the past week. Buyer behaviour and strategy is now seeing the auction clearance rates consistantly hovering around...
Property News
The clearance rate improved last weekend despite the weekend being a ‘Super Saturday’. Higher auction numbers were expecting to show a decline in the clearance rate when infact the opposite occurred. Of the 1,215 auctions held, 493 sold at auction, 138 before auction and 1 sold after. Bringing the clearance rate to 52% on 1,215...
Property News
The question on everyone’s lips at the moment is, “Is it a good time to buy property in Melbourne?” The clearance rate in Melbourne dropped to 50% which is the lowest rate we have seen in quite some time. Last year the clearance rate was 74% on 1044 auctions, this year the auctions held were...
Property News
The Spring market is offering buyers their best shot in years at purchasing properties at lower prices not been seen for many years. The banks have toughened on their lending criteria meaning that buyers are not being able to borrow as much as they could of say twelve months ago. Plus the increase in stock...
Property News
There is no doubt there has been a shift in the sentiment of the Melbourne Property Market over the past few months. As a result, we are witnessing more auction pass-ins but most properties are selling quite soon thereafter via a private sale negotiation. Although, in contrast, we are still seeing some runaway results in...
Property News
The weekend kicked off with some beautiful weather on Saturday which was ideal for Melbourne Spring auctions. The property market held up well considering there were 818 auctions and achieving a 57% clearance rate. The Melbourne Property Market is currently running at two speeds. The $2m plus market has seen a decline in buyers across...
Property News
There were 343 properties sold at auction in Melbourne, with 74 selling prior to auction and 313 being passed in, 170 of those on a vendor bid. In addition to the auctions, there were also 192 private sales. The result, was a clearance rate of 57%. As the market becomes more balanced between buyers and...
Property News
As more stock arrives on the Spring market, we are seeing villa units in demand, but not from the downsizers who seem to have gone to ground, the young professionals are buying for investment and owner occupation. This weekend Melbourne recorded a clearance rate of 64 per cent, up 4 per cent achieved last week....
Property News
Spring property season started with mixed results. Many $2m+ properties passed in, whilst the first home buyer and lower priced investment properties performed strongly along with the second home market sub $1.5m also performing well. 100 Little Charles Street Abbottsford is a 300sqm land site and attracted three bidders and fetched $1.26 million. A run-down...
Buyers Advocates, Property News
What is a Buyer’s Advocate – a Buyer’s Advocate are property experts whose role is to help you make buying property simple and easy. Many buyers go directly to selling agents for advice in purchasing a property, forgetting that selling agents are paid by the vendor to sell their home and may not act in...
Property News
Houses in Melbourne are spending longer on the market but overall the market appears to be balanced. First home buyers are active in the marketplace with more affordable properties achieving strong competition at auction. Higher prices homes are seeing less bidders at auction. Chris Tollhurst from Domain commented over the weekend that “Buyers under the...
Buyers Advocates, Buyers Agent
What is a Buyers Agent? A Buyers Agent are property experts whose role is to help you make buying property simple and easy. Many buyers go directly to selling agents for advice in purchasing a property, forgetting that selling agents are paid by the vendor to sell their home and may not act in the...
Property News
With the auction market stabilising it appears everyone is getting ready for Spring Auction time in Melbourne with more properties to start coming onto the market in the next few weeks. This weekend a clearance rate of 57% was achieved from 624 auctions. Of those properties, 297 sold at auction, 59 sold before auction, 2...
Property News
This weekend a clearance rate of 64% was achieved from 555 auctions. Of those properties, 273 sold and 201 were passed in, 112 of those on a vendor bid. There were also 120 private sales over the past week. It’s a remarkable thing that the RBA has just clocked over two years of no changes...
Property News
This weekend a clearance rate of 61% was achieved from 471 auctions. Of those properties, 215 sold and 184 were passed in, 85 of those on a vendor bid. There were also 180 private sales over the past week. CoreLogic’s latest Hedonic Home Value Index has identified that Melbourne’s unit market continues to outperform the house market,...
Property News
This weekend a clearance rate of 62% was achieved from 598 auctions. Of those properties, 312 sold and 226 were passed in, 107 of those on a vendor bid. There were also 176 private sales over the past week. Buying activity across the city is becoming more consistent, especially for first home buyers and even...
Property News
This weekend a clearance rate of 62% was achieved from 401 auctions. Of those properties, 199 sold and 154 were passed in, 60 of those on a vendor bid. There were also 165 private sales over the past week. The number of auctions has dipped considerably this weekend compared to last weekend of the same...
Property News
This weekend a clearance rate of 62% was achieved from 446 auctions. Of those properties, 224 sold and 169 were passed in, 79 of those on a vendor bid. There were also 169 private sales over the past week. The Melbourne Property Market is currently quiet due to school holidays, however the 62% clearance rate...
Property News
This weekend a clearance rate of 64% was achieved from 597 auctions. Of those properties, 318 sold and 217 were passed in, 112 of those on a vendor bid. There were also 119 private sales over the past week. The market will quieten over the next two weeks due to school holidays but we should...
Property News
This weekend a clearance rate of 63% was achieved from 710 auctions. Of those properties, 361 sold and 264 were passed in, 136 of those on a vendor bid. There were also 142 private sales over the past week. Astute buyers are acting quickly on properties that they know are solid purchases. A sign that...
Property News
This weekend a clearance rate of 61% was achieved from 731 auctions. Of those properties, 374 sold and 285 were passed in, 145 of those on a vendor bid. There were also 103 private sales over the past week. Buyers are certainly welcoming the relief that the market is providing now with less bidders at...
Property News
This weekend a clearance rate of 62% was achieved from 843 auctions. Of those properties, 439 sold and 321 were passed in, 174 of those on a vendor bid. There were also 174 private sales over the past week. Listing activity is quite strong across the city, and there was an increase in the number...
Property News
This weekend a clearance rate of 61% was achieved from 551 auctions. Of those properties, 290 sold and 217 were passed in, 119 of those on a vendor bid. There were also 215 private sales over the past week. Vendors are experiencing patchy results with some selling way above expectations and others just hitting the...
Property News
This weekend a clearance rate of 64% was achieved from 798 auctions. Of those properties, 425 sold and 286 were passed in, 153 of those on a vendor bid. There were also 393 private sales over the past week. The auction clearance rate remains with a percentage in the low 60’s, as predicted. Buyers are...
Property News
This weekend a clearance rate of 63% was achieved from 807 auctions. Of those properties, 417 sold and 295 were passed in, 155 of those on a vendor bid. There were also 538 private sales over the past week. Clearance rates are still sliding, however, the auction market for first home buyers is performing well,...
Property News
The clearance rate dropped since last weekend which is presenting good opportunities for buyers. That being said, quality properties ticking all the investment boxes are still selling well under competition. This weekend a clearance rate of 65% was achieved from 891 auctions. Of those properties, 478 sold and 316 were passed in, 149 of those...
Property News
With the school holidays behind us, the Melbourne property market is seeing a growth in demand for family homes. This weekend a clearance rate of 68% was achieved from 1004 auctions. Of those properties, 566 sold and 324 were passed in, 170 of those on a vendor bid. There were also 249 private sales over...
Property News
This weekend Melbourne achieved similar results as last weekend, with marginally more properties going under the hammer. This weekend a clearance rate of 67% was achieved from 703 auctions. Of those properties, 394 sold and 234 were passed in, 104 of those on a vendor bid. There were also 332 private sales over the past...
Property News
A relatively small number of auctions were held this weekend, and the cold conditions may have affected attendance at auctions. This weekend a clearance rate of 67% was achieved from 663 auctions. Of those properties, 376 sold and 217 were passed in, 103 of those on a vendor bid. There were also 311 private sales...
Property News
Melbourne’s auction clearance rate improved over the weekend due to fewer amount of auctions scheduled. This weekend a clearance rate of 70% was achieved from 565 auctions. Of those properties, 321 sold and 167 were passed in, 76 of those on a vendor bid. There were also 539 private sales over the past week. The...
Property News
Another Super Saturday brings a steady clearance rate for the Melbourne property market ahead of the Easter long weekend. This weekend a clearance rate of 67% was achieved from 1468 auctions. Of those properties, 490 were passed in, 242 of those on a vendor bid. There were also 389 private sales over the past week....
Property News
Auction numbers were higher this weekend after the break for the Labour Day long weekend last week. This weekend a clearance rate of 68% was achieved from 1273 auctions. Of those properties 403 were passed in, 206 of those on a vendor bid. There were also 236 private sales over the past week. Units achieved...
Property News
The first weekend in March saw a large number of properties go under the hammer across Melbourne. This weekend a clearance rate of 68% was achieved from 1152 auctions. Of those properties 371 were passed in, 189 of those on a vendor bid. There were also 352 private sales over the past week. The lower...
Property News
Melbourne’s property market passed it’s first big test of the year this weekend, with around 1485 homes going under the hammer throughout the week. There were 1217 auctions held across Melbourne this weekend, with 722 selling, resulting in a clearance rate of 70%. 360 properties were passed in, 169 of those on a vendor bid....
Property News
February 17 was the first big auction weekend for 2018 with 737 auctions across Melbourne. A clearance rate of 72% resulted with 419 properties selling under the hammer and 209 passed in. This is down on 947 auctions this same weekend last year. As stock levels start to rise, over the next few weeks we...
Property News
Article courtesy of Samantha Landy Herald Sun SOMETHING old, something new — and even something blue — earned million-dollar price tags on Melbourne’s auction market this weekend. The sale of a brick veneer pad in Brighton for $1.29 million proved the continued popularity of 1960s and ‘70s villa units in Melbourne, buyer’s advocate Kim Easterbrook...
Property News
The autumn market is already gaining strong momentum, and really setting things up for anothe strong year of growth for the Melbourne property market. There were 1198 auctions in Melbourne, with 883 selling and 211 being passed in, 104 of those on a vendor bid. In addition to the auctions, there were also an additional...
Property News
The first Super Saturday of 2017 delivers a strong clearance rate, indicating a very healthy property market. A new record has been made for the highest number of auctions held on a single February weekend. There were 1198 auctions in Melbourne, with 983 selling and 215 being passed in, 85 of those on a vendor...
Property News
This weekend the clearance rate holds steady as the auction numbers doubled. There were 846 auctions in Melbourne, with 681 selling and 186 being passed in, 79 of those on a vendor bid. In addition to the auctions, there were also an additional 308 private sales. The result, was a solid 79% clearance rate. Stock...
Property News
Melbourne’s auction market has delivered another steady, yet strong result as we plunge into 2017. There were 444 auctions in Melbourne, with 361 selling and 83 being passed in, 30 of those on a vendor bid. In addition to the auctions, there were also an additional 329 private sales. Last Tuesday, as expected, the RBA,...
Property News
Melbourne’s auction market got off to a strong start over the weekend as buyers enjoyed the choices available as more listings have recently arrived on the market. There were 192 auctions held in Melbourne on Saturday, and in the 7 weeks from 19 December 2016 to 5 February 2017 a clearance rate of 79 per...
Property News
This month looks set to break the December auction records with almost 4000 homes set to go under the hammer, almost 200 more than 2015. This week Melbourne’s auction market had a clearance rate of 80 per cent from 1264 auctions reported. There were 1014 selling and 250 being passed in, 99 of those on...
Property News
The final few weeks of 2016 are here, and Melbourne’s summer has brought an upbeat mood to the market. This week Melbourne’s auction market had a clearance rate of 79 per cent from 1094 auctions reported. There were 867 selling and 227 being passed in, 104 of those on a vendor bid. In addition to the...
Property News
As the Spring auction season reaches its final weekend, a clearance rate of 78 per cent was achieved from 1238 auctions reported. There were 964 selling and 274 being passed in, 129 of those on a vendor bid. In addition to the auctions, there were also 301 private sales reported. With plenty of stock on offer...
Property News
This weekend a clearance rate of 80 per cent was achieved from 1001 auctions reported. There were 800 selling and 201 being passed in, 80 of those on a vendor bid. In addition to the auctions, there were also 299 private sales reported. Melbourne’s 80 per cent result was higher than the 75 per cent recorded...
Property News
This weekend a clearance rate of 80 per cent was achieved from 1001 auctions reported. There were 800 selling and 201 being passed in, 80 of those on a vendor bid. In addition to the auctions, there were also 299 private sales reported. Melbourne’s 80 per cent result was higher than the 75 per cent recorded...
Property News
This weekend a clearance rate of 77 per cent was achieved from 990 auctions reported. There were 760 selling and 230 being passed in, 93 of those on a vendor bid. In addition to the auctions, there were also 297 private sales reported. Higher listing numbers may have contributed to a lower clearance rate this weekend,...
Property News
Derby Day weekend is usually a bit more quiet on the auction front, than the previous weekends in Melbourne. There were 455 auctions reported, with 364 selling and 91 being passed in, 39 of those on a vendor bid. In addition to the auctions, there were also 347 private sales reported. The leading clearance rate suburbs...
Property News
This weekend was one of Melbourne’s busiest auction weekend’s of the year! There were 1114 auctions reported, with 907 selling and 207 being passed in, 86 of those on a vendor bid. In addition to the auctions, there were also 336 private sales reported. The weekend before Derby Day is always a busy one for Melbourne auctions,...
Property News
Another windy weekend for the Spring auction market in Melbourne. There were 904 auctions reported, with 717 selling and 187 being passed in, 82 of those on a vendor bid. In addition to the auctions, there were also 358 private sales reported. The September quarter has shown that auction volumes were down significantly on the same period...
Property News
Another weekend of low stock, but the good news is that fresh properties are arriving on the market ready for a spring surge. 81% clearance rate was achieved this weekend from 756 auctions held, with 611 selling and 145 being passed in, 63 of those on a vendor bid. There were also an additional 345...
Property News
This weekend Melbourne’s high clearance rate reflects a market in need of fresh stock. A 79% clearance rate was achieved this weekend from 782 auctions held, with 621 selling and 161 being passed in, 69 of those on a vendor bid. There were also an additional 315 private sales reported. Buyers who are hungry for...
Property News
There were some heated auctions around Melbourne on the weekend, with some surprising sales results. For the first weekend of spring, Melbourne achieved a 79% clearance rate. There were 712 auctions held this weekend, with 560 selling and 152 being passed in, 76 of those on a vendor bid. There were also an additional 375...
Property News
The final weekend of winter brought strong sale results in many areas. There were 840 properties auctioned this weekend, resulting in a clearance rate of 79%. The details are: 665 properties sold and 175 passed in, 85 on a vendor bid. There were also an additional 309 private sales reported. Auction volumes have increased slightly,...
Property News
There were 486 properties auctioned this weekend, resulting in a strong clearance rate of 81 per cent. The details are: 392 properties selling and 94 being passed in, 43 of those on a vendor bid. There was an additional 281 private sales reported. As late winter typically has fewer properties available on the market, resulting in...
Property News
RICHMOND – is located approximately 3 kilometres east of Melbourne CBD with well-known commercial roads passing through, they are Victoria Street, Bridge Road and Swan Street. For all your shopping needs including factory outlets at your convenience makes for a perfect day out. Richmond has a great public transport system with trains, trams and buses connecting...
Property News
Auction numbers down which means some tough competition for buyers, as 573 properties were auctioned this weekend. A clearance rate of 77 per cent was achieved, with 441 properties selling and 132 being passed in, 60 of those on a vendor bid. There were an additional 315 private sales reported. Last week’s decision by the Reserve Bank...
Property News
Many first time investors don’t completely understand how their investment can earn them an income and will look to build their wealth purely through the capital growth of a property. In this article we will highlight a few tips and tricks as to how you can increase your yield for long term benefits. Firstly though...
Property News
How to prepare your home for auction: As daunting as it may be, preparing for auction can be a simple process, as long as you are prepared! It is best to plan well in advance so you can put steps in place that you can action accordingly as the day approaches. For example, to plan for...
Property News
Foreign Investment has long been a talking point amongst property buyers in the Australian Property Market. Many are against Chinese Nationals, for example, buying up masses of Aussie homes from under our feet, that is, until recently. The Australian Tax Office has just unveiled new legislation which will require those who are considered foreign residents...
Property News
Big crowds at auctions and open houses on Saturday, as 601 properties were auctioned this weekend. A clearance rate of 78 per cent was achieved, with 468 properties selling and 133 being passed in, 66 of those on a vendor bid. There were an additional 341 private sales reported. In the three months prior to 30 June,...
Property News
A clearance rate of 74 per cent was achieved from 462 auctions this weekend, with 341 properties selling and 121 being passed in, 49 of those on a vendor bid. There were an additional 294 private sales reported. As rare as it is for Melbourne auction numbers to fall below 500 on a non-holiday weekend, this...
Property News
Buyers were out in large numbers on the final weekend of the financial year. A clearance rate of 79 per cent was achieved from 181 auctions this weekend, with 133 properties selling and 48 being passed in, 15 of those on a vendor bid. There were an additional 370 private sales reported. Restrictions to negative...
Property News
Buyer’s Agents Real Estate Agents are often struggling with lack of supply, demand is usually high and competition is always tough. Buyers are regularly being priced out of the market, particularly first home buyers, young families looking to upgrade and the Mum and Dad investors as well. Buyer’s Agents in Victoria are seeing purchasers being...
Property News
South Yarra is a very popular suburb of Melbourne because of its simple access to the CBD and the many attractions which keep people visiting and residing in the area. It located approximately 4 kilometres south east from the CBD and is only 5 square kilometres. South Yarra backs onto the Royal Botanic Gardens and...
Property News
HAMPTON – is located approximately 14 kilometres south east of Melbourne CBD with Beach Road being a very popular cycling route which follows the beautiful coastline all the way down to Portsea. Along with the amazing bike trail that follows the coastline there are plenty of great swimming areas that feature picnic areas with barbeques,...
Property News
Buyers were out in large numbers on the final weekend of the financial year. A clearance rate of 73 per cent was achieved from 181 auctions this weekend, with 133 properties selling and 48 being passed in, 15 of those on a vendor bid. There were an additional 370 private sales reported. Only a relatively...
Property News
The Melbourne auction market had an impressive return to form after the Queens Birthday weekend break. A clearance rate of 72 per cent was achieved from 893 auctions this weekend, with 533 properties selling and 247 being passed in, 98 of those on a vendor bid. There were an additional 275 private sales reported. This...
Property News
Heidelberg is located approximately 13 kilometres north-east of Melbourne CBD and partially boarders with the beautiful Yarra River. Along the Yarra River, you will find ample walking trails with some that can keep you walking or running for kilometres. There are also play grounds and recreational areas along the way such as tennis courts and football ovals...
Property News
Low interest rates have enticed more first-home buyers to become active in the Melbourne property market this weekend. A clearance rate of 76 per cent was achieved from 747 auctions this weekend, with 565 properties selling and 182 being passed in, 78 of those on a vendor bid. There were an additional 361 private sales...
Property News
This small suburb is only 5 square kilometres and it’s a hop, skip and a jump from Melbourne CBD making this the perfect location to live, to work and of course to socialise! This small suburb is filled with many different cultures and it is interesting to know that only approximately 50% speak English at...
Property News
Melbourne’s market is dividing further into a two-speed market, with house sales soaring higher than apartments. A clearance rate of 74 per cent was achieved from 934 auctions this weekend, with 692 properties selling and 242 being passed in, 107 of those on a vendor bid. There were an additional 361 private sales reported. Houses...
Property News
“Hi, It’s David Easterbrook with the Elite Buyer Agents Market Wrap This weekend there were 934 auctions of which 74% sold. Melbourne is currently experiencing a two-speed market, houses and villas are outperforming apartments and town houses. The auction of 3A Cowra Street, Brighton demonstrated how popular villas are. The competitive auction attracted 8 bidders and...
Property News
St Kilda is a small suburb of around 3.2 square kilometres, even though it is small it is extremely well known and conveniently located just 6 kilometres south east of Melbourne CBD. St Kilda is filled with cafes, restaurants, clothing boutiques, medical services and supermarkets. Two well-known streets are Acland Street and Fitzroy Street,...
Property News
“This weekend there was 631 auctions of which 75% sold with 40% less auctions as the same time last year, we are seeing consistent clearance rates in the 70s indicating a steady market Family’s upsizing and older buyers downsizing are making up the majority market. Lower than ever interest rates are keeping home buyers...
Property News
“Hi its Kim Easterbrook with the Elite Buyer Agents market wrap, this weekend there was 692 Auctions of which 73% sold, we are seeing a rise in vendor’s price expectations were over 70% of properties that passed in were on genuine bids but did not sell immediately after. We are currently seeing huge pressure on...
Property News
It is no wonder a buyer can get swept into buying an off the plan property. It sounds appealing. Stamp duty savings… its brand new…small deposit now pay later. But when you dig deeper down into what an off the plan property is you will understand there are many pitfalls. Whether it be buying for...
Property News
BEAUMARIS – is a prosperous suburb located approximately 20 kilometres south-east of Melbourne CBD boasting approximately 4.5 kilometres of beach front, including the picturesque Watkins Bay making this the ideal suburb. The main shopping precinct is the Concourse Shopping Centre just off Reserve Road, although there are many boutiques and cafes, you just to explore...
Property News
Fewer than 500 auctions were held in Melbourne on the Anzac Day long weekend. A clearance rate of 77 per cent was achieved from 472 auctions this weekend, with 365 properties selling and 107 being passed in, 58 of those on a vendor bid. There were an additional 466 private sales reported. The suburbs with...
Property News
HAWTHORN – is definitely a suburb on the rise with over 20,000 people residing here plus it is conveniently located only 6 kilometres east of Melbourne CBD. Hawthorn is home to some of the most beautiful homes, but our feature property for the week is the well-known Grace Park Estate which was later developed into small...
Property News
This weekend in Melbourne, there were 761 auctions held with a clearance rate of 73 per cent recorded, compared to 73 per cent last week, and 78 per cent this weekend last year. Of the auctions held, 559 sold and 202 were passed in, 89 of those on a vendor bid. In addition to the...
Property News
YARRAVILLE – is a medium sized suburb of around 5.6 square kilometres and is located approximately 8 kilometres west of Melbourne CBD, just off the West Gate Bridge. Yarraville is well known for the Sun Theatre, a boutique cinema comprising of eight screens which has been operational since 1938 with the neon sign becoming quite the icon...
Property News
In Melbourne there were 666 auctions held, with a clearance rate of 75 per cent recorded, compared to 69 per cent last week, and 76 per cent this weekend last year. Of the auctions held, 497 sold and 196 were passed in, 83 of those on a vendor bid. In addition to the auctions held,...
Property News
BRIGHTON – is a prestigious and wealthy suburb located 11 kilometres south east of Melbourne CBD with Beach Road being a very popular cycling route which follows the beautiful coastline all the way down to Portsea. Church Street is one of the main strips in Brighton which is filled with cafes, restaurants, a cinema...
Property News
21 March 2016 In Melbourne there were 1476 auctions held, with a clearance rate of 75 per cent recorded, compared to 69 per cent last week, and 76 per cent this weekend last year. Of the auctions held, 1113 sold and 363 were passed in, 157 of those on a vendor bid. In addition to...
Property News
In Melbourne there were 1041 auctions held, with a clearance rate of 74 per cent recorded, compared to 76 per cent last week, and 70 per cent this weekend last year. Of the auctions held, 775 sold and 266 were passed in, 140 of those on a vendor bid. In addition to the auctions held,...
Property News
In Melbourne there were 1083 auctions held, with a clearance rate of 78 per cent recorded, compared to 75 per cent last week. Of the auctions held, 843 sold and 240 were passed in, 116 of those on a vendor bid. In addition to the auctions held, there were also 350 private sales.Kim Easterbrook featured...
Property News
This weekend was the first for 2016 with more than 800 auctions taking place. In Melbourne there were 852 auctions held, with a clearance rate of 77 per cent recorded, compared to 75 per cent last week. Of the auctions held, 656 sold and 196 were passed in, 94 of those on a vendor bid....
Property News
2016 has started off strongly in the Melbourne property market, with higher numbers of listings than the same time last year. This weekend in Melbourne there were 438 auctions held, with a clearance rate of 78 per cent recorded, compared to 73 per cent last week. Of the auctions held, 270 sold and 96 were...
Property News
A clearance rate of 71 per cent was recorded in Melbourne from 1209 auctions, compared to 64 per cent last week. Of the auctions held, 865 sold and 349 were passed in, 153 of those on a vendor bid. In addition to the auctions, there were 430 private sales reported. It was the final “Super...
Property News
A clearance rate of 67 per cent was recorded in Melbourne from 1236 auctions, compared to 65 per cent last week. Of the auctions held, 825 sold and 411 were passed in, 161 of those on a vendor bid. In addition to the auctions, there were 413 private sales reported. The market held firm this...
Property News
It was the biggest auction day in Australia’s history, with approximately 5,800 auctions taking place in all of the capital cities, 1,467 of those occurred in Melbourne. A clearance rate of 67 per cent was recorded in Melbourne on the weekend, compared to 65 per cent last week. Of the auctions held in Melbourne this...
Property News
A clearance rate of 67 per cent was recorded in Melbourne on the weekend, compared to 69 per cent last week. There were 1172 auctions held on the weekend with 780 properties selling and 392 being passed in, 153 of those on a vendor bid. In addition to the auctions, there were 376 private sales...
Buy a home, Property News
Selling your house can be a tricky thing. You don’t want to end up doing a deal that makes you feel like you didn’t get enough return, nor do you want to scare buyers by a price too high. Here are four things that will help you get you the best deal for your house....
Property News
This weekend Melbourne recorded a clearance rate of 71 per cent, compared to 68 per cent last week. There were 1243 auctions held on the weekend with 880 properties selling and 363 being passed in, 141 of those on a vendor bid. In addition to the auctions, there were 349 private sales reported. The REIV...
Property News
This weekend Melbourne recorded a clearance rate of 71 per cent, compared to 68 per cent last week. There were 953 auctions held on the weekend with 675 properties selling and 278 being passed in, 134 of those on a vendor bid. In addition to the auctions, there were 362 private sales reported The clearance...
Property News
This weekend Melbourne recorded a clearance rate of 71 per cent, compared to 73 per cent last week. There were 1358 auctions held on the weekend with 964 properties selling and 394 being passed in, 181 of those on a vendor bid. In addition to the auctions, there were 383 private sales reported. Clearance rates...
Property News
This weekend Melbourne recorded a clearance rate of 74 per cent, compared to 72 per cent last week. There were 1101 auctions held on the weekend with 816 properties selling and 285 being passed in, 124 of those on a vendor bid. In addition to the auctions, there were 371 private sales reported. The September...
Property News
This weekend Melbourne recorded a clearance rate of 74 per cent, compared to 76 per cent last week. There were 1113 auctions held on the weekend with 819 properties selling and 294 being passed in, 120 of those on a vendor bid. In addition to the auctions, there were 433 private sales reported. The REIV...
Property News
This weekend Melbourne recorded a clearance rate of 74 per cent, compared to 76% last week. There were 993 auctions held on the weekend with 732 properties selling and 261 being passed in, 111 of those on a vendor bid. In addition to the auctions, there were 370 private sales reported. The latest ABS data...
Property News
As more stock arrives on the Spring market, auction listings are also up by 20 per cent on 2014 figures. This weekend Melbourne recorded a clearance rate of 75 per cent, the same figure achieved last week. There were 1007 auctions held on the weekend with 759 properties selling and 248 being passed in, 92...
Property News
A clearance rate of 76 per cent was recorded in Melbourne, compared to 77 per cent last week. There were 841 auctions held on the weekend with 643 properties selling and 198 being passed in, 76 of those on a vendor bid. In addition to the auctions, there were 410 private sales reported. As we...
Property News
A clearance rate of 78 per cent was recorded in Melbourne, compared to 73 per cent last week. There were 950 auctions held on the weekend with 741 properties selling and 209 being passed in, 89 of those on a vendor bid. In addition to the auctions, there were 371 private sales reported. Conditions have...
Property News
Have you noticed more “for sale” or “forthcoming auction” signs going up around Melbourne last week? That’s no surprise, as the listings are readying for a very busy spring selling season. A clearance rate of 74 per cent was recorded in Melbourne, compared to 76 per cent last week. There were 770 auctions held on...
Property News
Another steady result in auctions this weekend with a clearance rate of 77 per cent, the same as last week. There were 735 auctions held on the weekend with 567 properties selling and 168 being passed in, 71 of those on a vendor bid. In addition to the auctions, there were 353 private sales reported....
Property News
The 8th of the 8th was certainly a busy day for auctions in Melbourne, and the result for the weekend was a clearance rate of 79 per cent, compared to 77 per cent last week. There were 872 auctions held on the weekend with 689 properties selling and 183 being passed in, 87 of those...
Property News
The first August results for 2015 saw a slightly higher clearance rate of 79 per cent, compared to 76 per cent last week. There were 595 auctions held on the weekend with 467 properties selling and 128 being passed in, 61 of those on a vendor bid. In addition to the auctions, there were 434...
Property News
This weekend, a clearance rate of 79 per cent was recorded in Melbourne, compared to 75 per cent last week. There were 687 auctions held on the weekend with 542 properties selling and 145 being passed in, 56 of those on a vendor bid. In addition to the auctions, there were 407 private sales reported....
Property News
A clearance rate of 77 per cent was recorded in Melbourne this weekend. There were 614 auctions held on the weekend with 472 properties selling and 142 being passed in, 65 of those on a vendor bid. There were an additional 384 private sales reported. It was quality apartments that dominated the Auction market on...
Property News
A clearance rate of 77 per cent was recorded in Melbourne this weekend. There were 507 auctions held on the weekend with 392 properties selling and 115 being passed in, 45 of those on a vendor bid. There were an additional 375 private sales reported. The slightly lower clearance rate experienced this weekend in Melbourne...
Property News
This weekend there was an auction clearance rate of 77 per cent in Melbourne. There were 508 auctions held on the weekend with 392 properties selling and 116 being passed in, 50 of those on a vendor bid. There were an additional 443 private sales reported. Fewer auctions were held on the weekend, and the...
Property News
Saturday’s auction market was again strong in Melbourne with a clearance rate of 79 per cent. There were 782 auctions over the weekend with 621 properties selling and 161 being passed in, 62 of those on a vendor bid. There were an additional 378 private sales reported. Auction sales have continued to track higher with...
Property News
A clearance rate of 79 per cent was recorded this weekend in Melbourne. There were 867 auctions over the weekend with 687 properties selling and 180 being passed in, 89 of those on a vendor bid. There were an additional 469 private sales reported. Competition is heating up for buyers hoping to purchase before the...
Property News
Melbourne’s auction market has bounced back after the Queen’s birthday long weekend, with a clearance rate of 80 per cent. There were 781 auctions this weekend with 624 properties selling and 157 being passed in, 67 of those on a vendor bid. There were an additional 409 private sales reported. Housing affordability has been a...
Property News
Melbourne’s clearance rate for the final weekend in May has again defied expectations, with another strong result of 81 per cent. There were 1,048 auctions this weekend with 854 properties selling and 194 being passed in, 100 of those on a vendor bid. There were an additional 464 private sales reported. This year’s results in...
Property News
This week’s clearance rate was a new high for Melbourne so far in 2015’s auction results. A jump of 5 per cent from last weekend’s results saw the final clearance rate land on 82 per cent across Melbourne. There were 940 auctions this weekend with 775 properties selling and 165 being passed in, 79 of...
Buy a home, Develop, Investors, Property News, Renovate
There’s a secret to getting a house in one of Melbourne’s up-market suburbs. Find our very own Kim Easterbrook commenting on ‘hidden gems’ in the Herald Sun here.
Property News
With fewer properties going under the hammer this weekend buyer demand is still strong, as evidenced by the clearance rate of 76 per cent. There were 823 auctions this weekend with 629 properties selling and 194 being passed in, 83 of those on a vendor bid. There were an additional 425 private sales reported. Some...
Property News
The interest rate cut has spurred a greater interest at auctions over the weekend, and the resulting clearance rate of 81 per cent highlights a demand for Melbourne property. There were 904 auctions this weekend, with 732 properties selling and 172 being passed in, 78 of those on a vendor bid. There were an additional...
Property News
Large crowds and a high number of bidders at auctions on the weekend as the market powered back after the Anzac Day break. The clearance rate of 80 per cent gives a good indication as to the strength of the Melbourne market. There were 929 auctions this weekend, with 746 properties selling and 183 being...
Property News
A large number of auctions were held in Melbourne on the weekend, partly due to vendors hoping to sell before Anzac Day. The result shows how strong the market is right now – a clearance rate of 79 per cent. There were 1077 auctions this weekend, with 851 properties selling and 226 being passed in,...
Property News
The Melbourne auction market returns after the Easter break with similar energy as before Easter, showing the school holidays have not kept buyers away. There were 555 auctions this weekend, with 431 properties selling and 124 being passed in, 62 of those on a vendor bid – resulting in a clearance rate of 78 per...
Property News
Great confidence in the market is highlighted by the bidding on the weekend, and the resulting clearance rate of 79 per cent. There were 1336 auctions this weekend, with 1050 properties selling and 286 being passed in, 127 of those on a vendor bid. In addition to the auctions there were also 506 private sales...
Property News
Strong sales results were reported this weekend with a clearance rate of 77 per cent, and buyers are continuing to face tough competition. There were 1096 auctions this weekend, with 846 properties selling and 250 being passed in, 113 of those on a vendor bid. In addition to the auctions there were also 438 private...
Property News
Vendors have been pouring properties onto the market to take advantage of the selling time before Easter, and the result was a 78 per cent clearance rate. There were 959 auctions this weekend, with 752 properties selling and 207 being passed in, 100 of those on a vendor bid. In addition to the auctions there...
Property News
A clearance rate of 79 per cent was recorded this weekend, which is up 4 per cent from last weekend. This week has seen the highest amount of auction activity so far this year, with 1275 properties going under the hammer for the first “Super-Saturday”. From those auctions 1002 properties sold and 273 were passed...
Property News
For the first major auction weekend of the year, there was a substantial lift in auction numbers with 852 properties going under the hammer, resulting in a clearance rate of 76 per cent. From those auctions 651 properties sold and 201 were passed in, 95 of those on a vendor bid. In addition to the...
Buy a home, Investors, Property News
Melbourne’s auction market has received a warm welcome back for 2015. There were 458 auctions reported this weekend, with a clearance rate of 74 per cent. From those auctions 338 properties sold and 120 were passed in, 61 of those on a vendor bid. In addition to the auctions there were also 358 private sales...
Investors
Article by Kim Easterbrook For the average buyer, it can be a very daunting task to purchase an investment property. How can the average buyer, who has no knowledge of the property market know they are making the most profitable investment choice? How can they know what type of property is going to give them...
Buy a home, Investors, Learning Resources
Article by David Easterbrook The answer to this question is easy to answer by applying a number of industry benchmarks widely accepted. An investor in Melbourne will expect a rental yield of 3.5% – 4%…this is the rent a tenant will pay to the landlord. For example An investor buys an investment property for $550,000. ...
Investors
Article by Sonja Hagen As a property manager, part of my job is to minimise any out of pocket expenses owners experience when their investment becomes vacant. There are several important things to consider during this time, the following of which are probably the most significant: Presentation and appeal Both are essential in minimising rent loss....
Buy a home, Investors, Vendor Advisory
Article by Fiona Evans Available at open for inspections and online, the questions raised on the new Consumer Affairs Victoria Due diligence check list will be a starting point for many buyers to take more control of their purchasing and steer them to seek professional advice for some of the answers Knowing what to further...
Vendor Advisory
Article By Ray Becher As a seller, you don’t have to spend a lot of money to prepare your property before it goes to market, and simple things can go a long way in creating the best first impression possible, and as the expression goes, first impressions last. A well-presented property is more appealing to...
Property News
The penultimate auction weekend for 2014 saw high volumes of properties going under the hammer. There were 1,266 auctions reported, with a clearance rate of 70 per cent. 881 properties sold at auction with 385 being passed in, 192 of those on a vendor bid. In addition to the auctions, there were also 486 private...
Property News
Arriving at the final month of 2014 and buyers have been very active, with plenty of choice still remaining. 1,347 auctions were reported this weekend with a clearance rate of 69 per cent. From those auctions 926 properties sold and 421 were passed in, 192 of those on a vendor bid. In addition to the...
Property News
The State election being held on Saturday did not deter buyers, in fact it meant that there were more people attending auctions in their local area. 1,213 auctions were reported this weekend with a clearance rate of 66 per cent. From those auctions 805 properties sold and 408 were passed in, 209 of those on...
Property News
Clearance rates over the weekend have lowered, but we have seen an increase of private sales across Melbourne. There were 1,073 auctions reported this weekend, with a clearance rate of 67 per cent. From those auctions 720 properties sold and 353 were passed in, 195 of those on a vendor bid. In addition to the...
Property News
With plenty of housing stock on offer, buyers have been able to gain the upper hand in the Spring auction market. This weekend, there were 1,193 auctions reported, and a clearance rate of 69 per cent. From those auctions, 821 sold, and 372 were passed in, 202 of those on a vendor bid. In addition...
Property News
Passionate buyers still turned out on Saturday to brave the 35 degree heat, but it was vendors who were really feeling the heat with high stock levels giving buyers plenty of choice. This weekend, there were 934 auctions reported, and a clearance rate of 68 per cent. From those auctions, 632 sold, and 302 were...
Property News
A new record number of auctions were held in Melbourne on Saturday – with over 1500 properties auctioned. The clearance rate of 73% was a strong result from 1508 auctions recorded in Melbourne this weekend. From those auctions, 1102 sold, and 406 were passed in, 193 of those on a vendor bid. In addition to...
Property News
Auction sales have dropped off slightly this week with a clearance rate of 73% recorded in Melbourne, although buyers have more choice. There were 932 auctions held, with 681 selling, and 251 being passed in, 127 of those on a vendor bid. In addition to the auctions, there were also 370 private sales recorded over...
Property News
A steady clearance rate of 74% was recorded this weekend in Melbourne. There were 843 auctions held, with 623 selling, and 220 being passed in, 116 of those on a vendor bid. In addition to the auctions, there were also 422 private sales recorded over the weekend. As reported by the REIV, Melbourne’s auction numbers...
Property News
The sunny conditions on the weekend provided a perfect setting for the Melbourne auction market. There were 680 auctions held this weekend across Melbourne, with 501 selling, and 179 being passed in (76 of those on a vendor bid) resulting in a solid clearance rate of 74%. In addition to the auctions, there were also...
Property News
Melbourne has experienced its first bumper weekend in spring with 894 auctions held, and a clearance rate of 75%. 669 properties were sold at auction, with 225 being passed in, 104 of those on a vendor bid. In addition to the auctions, there were also 380 private sales recorded over the weekend. Buyers are enjoying...
Property News
Melbourne is heading for a total of 3,000 auctions for the month of September, more than last year’s total of 2,463. This weekend, there were 818 auctions held, with 617 selling, and 201 being passed in (91 of those on a vendor bid) resulting in a clearance rate of 75%. In addition to the auctions,...
Property News
The first weekend of spring did not disappoint, with higher numbers of properties up for sale. In terms of results, there were 683 auctions held this weekend across Melbourne with 524 properties selling, and 159 being passed in, 74 of those on a vendor bid, resulting in a clearance rate of 77%. In addition to...
Property News
A total of 717 auctions were recorded this weekend, with 544 properties selling and 173 being passed in, 66 of those on a vendor bid. This resulted in a clearance rate of 76 per cent. In addition to the auctions, there were also 366 private sales. The volume of auction sales in Melbourne over the...
Property News
Melbourne’s property market remains uneven despite the low interest rates and the opportunities they present. There were 613 auctions held this weekend across Melbourne, with 438 selling, and 175 being passed in resulting in a clearance rate of 71%. In addition to the auctions, there were also 340 private sales recorded over the weekend. The...
Property News
Record numbers of homes have been sold by auction in Victoria this year. And winter has been busier than normal in Melbourne’s property listings. There were 611 auctions held this weekend across Melbourne, with 442 selling, and 169 being passed in resulting in a clearance rate of 72%. In addition to the auctions, there were...
Property News
Melbourne’s chilly winter months are proving to be no deterrent for vendor’s hoping to sell, and it seems that buyers are continuing to provide decent numbers at auction (even on rainy days). There were 592 auctions held this weekend across Melbourne, with 431 selling, and 161 being passed in resulting in a clearance rate of...
Property News
Melbourne’s auctions over the weekend saw a slight increase in the clearance rate to 75 per cent which is 5 per cent higher than this weekend last year, on a higher volume of auctions. There has been an increase in homes going to auction from 14,000 to 18,000 compared to last year for the first...
Property News
What an end to Autumn! Could this mean a strong winter in the property market? The number of auctions around Melbourne has soared in recent weeks, giving buyers more stock to choose from, and slowing down price growth. The latest results show a clearance rate of 73%, which is on par with recent weeks. There...
Property News
A clearance rate of 73% was recorded in Melbourne on the weekend, compared to 70% last weekend, and 69% on the same weekend last year. Of the 1,017 auctions held, there were 746 sold and 271 passed in, 149 of those on a vendor’s bid. In addition to the auctions, there were also 465 private...
Property News
Could buyers be gaining the upper hand again in the Melbourne property market? There were 863 auctions were held this weekend across Melbourne, with 623 selling, and 240 being passed in resulting in a clearance rate of 72%. In addition to the auctions, there were also 455 private sales recorded over the weekend. These latest...
Property News
Saturday’s weather, and Mother’s Day celebrations didn’t keep people away from attending auctions over the weekend, where we saw a 70% clearance rate recorded. There were 576 auctions in Melbourne, with 401 selling and 175 being passed in, 99 of those on a vendor bid. In addition to the auctions, there were also 452 private...
Property News
The Melbourne property market has been reawakened after the quiet long weekends in April, and with this comeback there is a bit of a reality check for sellers. There were 704 auctions were held this weekend across Melbourne, with 496 selling, and 208 being passed in, resulting in a clearance rate of 70%. In addition...
Property News
The property market is still showing consistent clearance rates but also producing strong results for some properties too. The weekend’s clearance rate was 66 per cent on 575 auctions. Last weekend, the clearance rate was 68 per cent and the year to date average is 69 per cent. There were 560 private sales and 780...
Property News
The weekend clearance rate dropped but this was due to the volume of sales being very high, with the market still showing signs of strength. Of the 1,201 auctions reported to the REIV this weekend, 842 sold and 359 properties were passed in (184 of those on a vendor bid). The resulting clearance rate was...
Property News
The weekend clearance rate of 70% is on par with last weekends figures, and considerably more than the same time last year when it was 63%. There were 899 auctions reported over the weekend, with 629 selling, and 270 being passed in. In addition to the auctions, there were also 474 private sales recorded in...
Property News
Melbourne has experienced a record number of properties being listed for sale this month. There were 1,124 auctions were held this weekend across Melbourne, with 795 selling, and 329 being passed in resulting in a clearance rate of 71%. In addition to the auctions, there were also 452 private sales recorded over the weekend. These...
Property News
Large crowds and a high average clearance rate are proving that 2014 is shaping up to be a big year for the Melbourne property market. A clearance rate of 75 per cent was recorded on 892 auctions on the weekend. There were 666 sales, and 226 being passed in, 104 of those on a vendor’s...
Property News
Melbourne’s auction market is back in full swing again after the Labour Day long weekend last week. The clearance rate of 73 per cent on 837 auctions is higher than the same weekend last year, which achieved a clearance rate of 68 per cent on 832 auctions. This is a significant increase in the amount...
Property News
Market Comment Melbourne 3rd March 2014 The autumn selling season commenced over the weekend producing a clearance rate of 74 per cent on 1,094 auctions, with 812 selling and 282 being passed in, 154 of those on a vendor bid. In addition to the weekend auctions there were 402 private sales. Approximately 2,400 homes have...
Property News
A clearance rate of 75% was recorded this weekend from 1,105 auctions, and the first Super Saturday of the year. In addition to the weekend auctions there were 347 private sales. Already for 2014, there have been over 1,000 homes sold by auction, which is a solid start to the year. Last week, ANZ gave...
Property News
A very strong auction market so far for 2014, as evidenced from the weekend’s clearance rate of 71 per cent on 620 auctions. Last weekend, the clearance rate was 67 per cent. There were 400 private sales and 1320 auctions are expected for next weekend. All auctions attended by the Elite team over the weekend...
Property News
The auction season commenced over the weekend producing a clearance rate of 71 per cent on 620 auctions. In addition to the weekend auctions there were 400 private sales. Next weekend will be the first test for the year with 1320 auctions expected for the weekend (the first Super Saturday for 2014). All auctions attended...
Kim Easterbrook talks about the expanding investor grade areas in the Western suburbs. Read the full article here.
Kim Easterbrook comments on record median prices and what to expect next. Read the full article here.
Buy a home, Develop, Investors, Property News, Vendor Advisory
Kim Easterbrook talks about the increasingly competitive Melbourne auction scene. Read the full article here.
Buy a home, Investors, Property News
Kim Easterbrook talks about what makes or breaks a suburb. Read the full article here.
Buy a home, Investors, Property News
Kim Easterbrook comments on an increase in single female buyers. Read the full article here.
Buy a home, Investors, Property News
Kim Easterbrook comments on holiday properties. Read the full article here.
Kim Easterbrook speaks about the current market and interest rate cuts. Read the full article here.
Kim Easterbrook comments on single-fronted cottages. Read the full article here.
Buy a home, Investors, Property News
ANZs decision to raise the interest rate on variable mortgage customers dampened the mood at some auctions. The moves by banks to independently lift their rates worried buyers, particularly investors. But owner-occupiers who were less interested in seeking instant capital gain continued to target good properties. Six bidders competed at an executor’s auction, conducted by...
Team Members
Behind the scenes at Elite Buyer Agents, you’ll find Ash working hard to source the best off market and before property deals for clients. As a Buyer’s Agent, Ash spends each day driving all of the research within the business, and his role is fundamental to ensure Elite keeps its finger on the pulse. A relative...
Buy a home, Investors
Kim Easterbrook speaks to the Herald Sun about opportunities in the market Read the full article here.
Buy a home, Investors, Property News
Kim Easterbrook comments on first home buyers increasing bidder numbers across Melbourne. Read the full article here.
Buy a home, Investors, Property News
Kim Easterbrook talks about increased buyer confidence this Spring. Read the full article here.
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Hi, A big weekend of auctions with 941 auctions reported to Domain with the Melbourne auction clearance rate achieving 71% over the weekend. 668 properties sold, 200 passed in and 73
Hi, The Domain Melbourne auction clearance rate was 73% over the weekend with 834 auctions reported, 604 properties selling, 166 passing-in and 64 were withdrawn. In comparison, the clearance rate for
Hi, The Domain Melbourne auction clearance rate was 73% over the weekend with 749 auctions reported, 547 properties selling, 124 passed in and 78 were withdrawn. In comparison, the clearance rate
Hi, The Domain Melbourne auction clearance rate was a strong 75% on the weekend with 721 auctions reported, 543 properties selling, 125 passed in and 53 were withdrawn. In comparison, the
Hi, Domain’s preliminary Melbourne auction clearance rate for the weekend has come in at 73%. 648 auctions have been reported, 470 selling, 47 withdrawn and 109 passing in. As a comparison,
Hi, Domain’s preliminary Melbourne auction clearance rate for the weekend has come in at 73%. 552 auctions have been reported, 402 selling, 41 withdrawn and 109 passing in. As a comparison,
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