Author Archives: Jen Milligan
June 18, 2016
With the first half of the year almost over and only one more auction weekend to go, Saturday’s auctions continued as expected – some strong results for the good quality homes and we saw multiple bidding at all the properties…
June 4, 2016
It was another strong weekend with the REIV reporting a 76% clearance rate from the 747 reported results, demonstrating the market is still buoyant. We are seeing strong results in fringe suburbs. Many suburbs that rarely saw seven figure results…
May 28, 2016
Although the cold weather is kicking in, the sentiment at auctions and the Melbourne property market in general is still warm. We saw a good number of homes auctioned on the weekend, however, the numbers are still down about 15%…
May 14, 2016
Without wanting to sound the same, the weekend was exactly that! The good properties sold well and those with some concerns or with high vendors, passed in – some selling later, some still available for buyers to consider. For the…
May 7, 2016
Saturday’s auctions still saw plenty of buyers bidding for homes, however, some vendor expectations are still above the market with many of the auctions we covered passing in and selling afterward – the REIV reporting a clearance rate of 74%. …
April 30, 2016
Saturday was the first big test for the market since Easter confirming good properties and realistic vendors are still attracting multiple bidders and achieving solid, and sometimes very strong, results. With around 100 more properties auctioning than the same weekend…
April 18, 2016
The weekend saw only a small number of properties auctioned and although the realestate.com.au clearance rate was 70%, many home were ‘b’grade at best. We have another slow weekend coming up with another long weekend, incorporating Anzac Day, and then…
April 11, 2016
Melbourne’s second quarter for the 2016 property market officially kicked off on Saturday. With no auctions of note, this provided us with the opportunity to inspect many of the ‘first’ opens for new campaigns. Recent media reports around ‘underquoting’ or…
March 19, 2016
Saturday was a record breaking auction day for the month of March in Melbourne with over 1700 auctions called. On Saturday evening only 1455 of these had been reported to the REIV with a 75% clearance rate, the remainder perhaps…
March 5, 2016
We saw strong numbers again on the weekend and the formula is a fairly simple one – demand is well in excess of supply, particularly for quality homes close to amenities. There is some discernment for properties with issues (eg….
