Category Archives: Market Pulse
Melb. property micro markets: what is selling well?
The market is very quickly splitting into two – the good and the not-so-good. Prices are very quickly reflecting the two splits as well. In any given week, you’ll read or hear stories about the ‘Melbourne property market’ travelling high…
Summer Sales Wrap
With the clearance rate hovering around the 70% mark on good auction numbers (over 1,000), the Melbourne property market is still holding firm. There has been a lot of talk about how rising interest rates will affect and bring down…
Bidder numbers thinning out but market still solid
With about six ‘auction’ weeks now completed in 2022, the Melbourne property market has performed well. Clearance rates are circling the 70% mark, with solid numbers of around 1000 properties up for sale each week. That said, it does seem…
2021: a year in review
2021 has been one of the fastest moving years we have experienced in real estate. It wasn’t just a fast rise in the property prices; the entire process was fast. Many properties were selling within the first week of inspections,…
Market again on hold but strong results prevail for good properties
The rollercoaster continues for the Melbourne property market. Buyer demand remains strong and outweighs market supply. Interest rates remain low, job security for the majority remains positive. Household saving amounts continue to build for some. Clearance rates have been reported…
Winter selling. Why not?
It has been an uncommon mid-year/school holiday break. Where the property market normally shuts down, it has continued throughout this winter break to allow for interrupted campaigns to conclude (as a result of our last lockdown). In addition, we have…
Are things the same or are they different?
So much is the same, and yet many things are now different and could have an impact on the future direction of the property market: Some banks have started to increase their fixed term interest rates. Increases in stamp duty…
Traditional buying seasons blurred as market remains hot
It has been an interesting two weeks. For the first time since we can remember, we have attended auctions on the middle and last weekend of the ‘Easter’ holidays, as well as a number of new campaigns showing their first…
Melbourne property market: hot or not?
The Melbourne property market over recent weeks has been particularly strong. We believe one of the reasons is that there is still a great demand and urgency from property buyers to buy, for many reasons: fear of missing out, having…
Strong market sees record highs
Buyers, sellers, agents, analysts and reporters woke on Saturday morning with an air of optimism as the Melbourne property market hosted the largest auction weekend since the pre-Covid days in early 2020. They weren’t disappointed. Traditionally the end of February…
