Category Archives: Market Pulse

9 February 2019

In vast contrast to last weekend’s sweltering conditions, the temperature on Saturday hovered around 15 degrees for most of the day with heavy showers and intermittent squalls … but that’s Melbourne! What was the same, surprisingly, was the number of…

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2 February 2019

The 2019 property market started positively on Saturday. Perfect weather, some good choices among the new listings and plenty of interested buyers inspecting homes.  While we saw many new faces, there were also a number of more familiar faces out…

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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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