Author Archives: Jen Milligan
October 8, 2016
It is now the final sprint until Christmas. There are only two auction weekends before Melbourne Cup weekend and 6-8 weeks until Christmas. With some vendors wary of auctioning so close to the Cup (5th November) and the weekend immediately…
September 10, 2016
In general, the market was strong again on Saturday, the REIV reported a 79% clearance rate for the 764 properties auctioned, down from 1049 for the same time last year. The countdown is on now for Christmas and the Spring…
September 3, 2016
The $1m plus property market is stuck on repeat and although some vendors are still a little ahead of the game (price wise), we saw multiple bidding at all of the auctions we attended. Disappointment is leading to frustration with…
August 27, 2016
It felt like the market shifted up another gear on Saturday. Some strong results were seen across Melbourne, the REIV reporting a 79% clearance rate from the 823 properties sold (down 200 from the same time last year). With more…
You Can Still Buy. Here’s How
It appears that the prices we have been experiencing for the past 18 months are here to stay – at least for the quality properties. For many, prices may seem a touch out of reach. WHAT ARE THE CHOICES FOR…
August 20, 2016
Unless stock levels increase, low interest rates and lack of choice are likely to drive strong clearance rates through to Christmas. The REIV clearance rate was 75% and although there was more choice than last week, stock is down approximately…
August 13, 2016
With a hint of spring in the air on Saturday, the REIV clearance rate picked up a little more to 81%, although from another smaller sample size of only 486 auctions. The talk with agents is all about listings…..or the…
August 6, 2016
There were plenty of bidders at the auctions we attended on the weekend. It seems that as the weeks go by buyer interest levels increase, yet their price points are discerning. Clearance rates were again solid with the REIV reporting…
July 30, 2016
Good results – although still on low numbers! Many of the better homes that were auctioned on the weekend had the luxury of selling in isolation (i.e. no similar homes competing against them), allowing buyers to focus all their attention…
July 23, 2016
With talk of holidays and warm escapades now behind us, the anticipated return to the market has not been disappointing. Although only a small number of homes were auctioned on the weekend, bidders were keen to demonstrate their interest. We…
