Category Archives: Market Pulse

1 December 2018

Saturday was the last of the ‘big volume’ auction weekends, as the 2018 property market winds up for Christmas. While the general clearance rate was under 50% again (for the reported properties), we thought we would focus on some stats,…

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17 November 2018

It was another mixed round of results on the weekend.   Vendors with sold stickers were likely to be feeling relief after the clearance rate statistics (47%) were posted on Saturday evening. More than ever, buyers need to be aware that…

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27 October 2018

  We believe the weekend results confirm our previous reports that Melbourne is running a two-tiered market. The well positioned, correctly priced and increasingly scarce properties are attracting good competition and some strong results (particularly if the property suits the…

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13 October 2018

  The Spring market has now well and truly kicked off.  Whether it is the improved weather, or the opportunity to view some new offerings, we’ve seen an increase in the number of buyers inspecting homes. Those buyers without homes…

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8 September 2018

  As we head into Spring, we expect to see the better (or conveniently located) homes well contested. With the warmer weather, we saw increased numbers attending auctions and some very well attended inspections.  If you don’t have an ‘A’…

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25 August 2018

It was another fortnight of good results for most of the ‘A’ grade properties, with position the key criterion that supported the properties that sold well. Of interest, 20 Bridge Street Hampton (Michael Cooney/Melissa Grinter, Hodges) was auctioned again, the…

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11 August 2018

The media might be reporting doom and gloom everywhere, but if you have an ‘A’ grade property, the market is suggesting anything but gloom. We actually think it’s a good time to buy (the right property, of course), as competition…

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28 July 2018

What should we expect for the back half of 2018? The internet sites are full of stock for sale but much of it is old stock that has been relabelled (new agency) and repackaged (new advertising).    Without a price reduction,…

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16 June 2018

How has the first half of the property market faired for 2018? We see the market as more ‘balanced’ now, which is very different to 12 months ago.  Stock levels and bidder numbers are both down and the market is…

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2 June 2018

With almost half of the year gone, the Melbourne property market has slipped back to a more ‘balanced’ clearance rate. We are currently seeing the following: Less bidders at auction (sometimes due to higher vendor expectations or quality of offering) Apartments and construction works are having an effect on traditional neighbourhood areas….

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