Auction preview 30 and 31 October

October 29, 2010 § Leave a comment

  • Last weekend: 1,126 auctions, clearance rate of 67 per cent
  • This weekend last year: 338 auctions, clearance rate of 83 per cent
  • This weekend 2008: 176 auctions, clearance rate of 66 per cent

Comment

Unlike the past few years, the market is delivering stable and consistent outcomes. It’s also clear that conditions continue to be very favourable to buyers.

This fact was highlighted last weekend, when there were over 1,000 auctions and the proportion sold was consistent with previous weekends.

Some suburbs are defying the trend; last weekend four suburbs achieved perfect clearance rates: Collingwood, North Melbourne, Carnegie and Nunawading.

The REIV expects current strong levels of listings until Christmas and sees no evidence that the clearance rate will vary substantially from the current position.

This is a good spring to be a buyer, especially of homes being offered at auction.

Source: REIV

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August REIV vacancy rates

October 6, 2010 § Leave a comment

 

Another month has passed with very little change or improvement in the availability of rental homes in Victoria.
The August release of the REIV’s residential vacancy rates showed that a mere 1.7 per cent of rental homes were vacant, the same as in July this year and slightly better than this time last year when it was 1.4 per cent.

This is in stark contrast to the first half of the last decade when rental homes were much more available; for instance, in August 2003 the vacancy rate was 3.6 per cent.

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AUCTION THIS SATURDAY!!

September 3, 2010 § Leave a comment

347 Dorcas Street, South Melbourne

Open for inspection: Saturday 4th September at 12:30pm

Auction: Saturday 4th September at 1:00pm

EPR: $950,000-$1,000,000

Get ready for a BIG auction this weekend when 347 Dorcas Street goes under the hammer!! The exceptionally stunning residence has attracted buyers from far and wide. Come on down and watch the show!!

Have you got a property to sell in South Melbourne? You know who to talk to!!

More property details…

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