Category Archives: Market Pulse

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…

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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),…

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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 ,…

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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%…

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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…

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Now may be the cheapest time to buy

Now may be the cheapest time to buy. While there is still a strong sense of control, thoughtful buying and sensibility over emotion due to interest rate levels and the cost of living, there is a change in confidence around…

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How do you buy a good property in the current Melbourne market?

It was another strong weekend in the Melbourne property family home market, with a clearance rate in the 70% range. Some properties sold strongly, even after they passed in at auction – due to very good (and experienced) selling agent…

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Stock to rise but are there many super Saturdays left for 2023?

  Stock levels. Very topical subject this time of year. Not much stock has come on the market in the last week or so due to school holidays (many agents and families are away on holiday), and this is causing…

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Spring is here but it doesn’t feel like it in the Melbourne property market.

We’ve just had the first weekend of Spring. It was supposed to be a Super Saturday (with over 1100 homes advertised for auction), but it just didn’t feel like it. The clearance rate figure advertised was not totally accurate, with…

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Don’t rely on the auction date: your dream home could sell before you’re ready

The first few weeks back from the winter break have been fast paced and sometimes even desperate. Some properties have sold within hours of the first inspection. 34 Yarrbat Avenue Balwyn, 90 Adeney Avenue Kew, and 43 Hardy Street South…

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