Category Archives: Market Pulse
2024: a year of firsts in the ever-evolving Melbourne property market
It’s nearly Christmas and, as the year draws to an end, tension levels seem to be rising. In the past, as the market gets closer to wrapping up for the year, we usually see both vendors and buyers soften in…
Winners and losers in Melbourne’s multi-tiered market
Melbourne’s multi-tiered property market has highlighted the winners and losers in the game, at one of the biggest auction days for the year last Saturday. We do not believe the weekend’s reported clearance rate of 76% accurately reflects what is…
Market flies for the good homes as buyers start to lose patience
As we draw towards the conclusion of the property market for the third term of 2024, buyers have seen generous stock levels for the winter months, when compared with previous years. Of that stock, however, much of it has been…
Property numbers pick up as the market moves out of a cold Melbourne winter
With the winter break behind us, the market has resumed with good interest from buyers and solid increase in the number of options available for sale. Investment properties and holiday homes are continuing to underpin the overall volume, with agents…
Melbourne market continues to stay strong as we enter the second half of 2024
It seems that as quickly as the winter weather hit this week, the market has just as quickly tightened up, with many vendors now holding off considering selling until Spring and a large number of buyers, sellers and agents have…
Stock quality remains low even though stock levels have increased
The second term for the 2024 property market has well and truly settled in. Stock levels have increased (as expected) but stock quality remains low. Auction clearance rates have remained steady (in the 60-70% mark), giving vendors the confidence to…
The market returns: our thoughts for the quarter ahead
The market returns this week for the second quarter of 2024. Many buyers have been frustrated that not many new listings have popped up in the past few weeks (due to Easter, school holidays and the upcoming Anzac Day long weekend),…
Market passes first real test of 2024
Four weeks into the Melbourne property market and there is definitely a pep in the step of both buyers and sellers. On the weekend just past, which was, we think, the first or second ‘real auction’ weekend of 2024 ,…
2024 starts on positive note, will this last long?
Happy New Year and welcome to our first edition of the Market Pulse for 2024. There were a reasonable number of auctions on the weekend, but these were predominately in coastal areas or outer suburbs of Melbourne. A clearance rate of 83%…
Volatile and uncertain: the Melbourne property market in 2023
With only two weeks left until Christmas, there are two types of buyers in the market at the moment: Next year sounds like it is going to start positively. Agents are suggesting the volume will be better and the media…
