Category Archives: Market Pulse

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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19 May 2018

Pass-ins are becoming the new normal at auctions. The majority of the properties we attended on the weekend passed in on vendor bids, with no visible interest from buyers.  Some of these were good properties – well oriented and well…

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5 May 2018

In vast contrast to the auctions we attended last week, we saw more properties pass-in on vendor bids this Saturday than sell under the hammer. The REIV clearance rate for reported properties was sitting at 64% at 6pm Saturday, with…

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28 April 2018

Clearance rates are still good but the method of selling is shifting. The REIV reported a 68% clearance rate at 6pm on Saturday. While not the 70% and 80% clearances we have become used to seeing over the past two…

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21 April 2018

There is a new market emerging. Like 1950s furniture, wallpaper and black granite benchtops from the ‘90s, expressions of interest (EOI) campaigns are back in fashion. EOIs are a take on the old-fashioned method of private sale, just with a…

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17 March 2018

After a small break, and with only one auction weekend left now until Easter, Saturday saw a similar number of auctions as the same weekend last year. However, a noticeable difference was evident in the clearance rate: 68% this week…

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24 February 2018

Another good day for sellers on the weekend, especially for those selling the ‘rare birds’. While we did witness a number of pass-in auctions on the weekend, many properties had sold by the end of the day and the reported…

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17 February 2018

Saturday saw the first key auction weekend for 2018. Although numbers are still low, the REIV reported a clearance rate at 72% at 6pm on Saturday evening. That is still healthy. The early $2 million market saw good competition and…

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10 February 2018

The 2018 market was slow to resume this year. While there were still properties to view in January, the majority were unsold homes from last year. Most of the new stock didn’t hit the market until after Australia Day and…

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