Market Update | 5 & 6 November 2022
We revelled in beautiful Spring sunshine on the weekend, as auction volumes across the combined capital cities increased by 9.9% to 1,582 scheduled auctions. Melbourne contributed the biggest increase, as auction activities fully resumed after the Melbourne Cup long weekend lull. After a strong campaign run by Senior Associate, Michelle Yan...
Jeremy Desmier in Market Updates
Market Update | 29 & 30 October 2022
We alternated between bursts of sunshine and grey skies and rain over the weekend, as auction volumes decreased by 20.6% to 1,439 auctions scheduled. The drop in volume is due to the Melbourne Cup long public holiday on Tuesday (with many people taking the opportunity to enjoy an extra-long weekend by taking the Monday off)! In Kew...
Jeremy Desmier in Market Updates
Market Update | 22 & 23 October 2022
The brollies were out in force on what was a Super Saturday, with over 1,000 auctions scheduled in Melbourne for the first time since June. The wet weather didn’t deter serious buyers, which resulted in a clearance rate of over 60%, the best for Melbourne since April. In Mitcham, three bidders competed to secure the stylishly renovated...
Jeremy Desmier in Market Updates
September Rental Market Update
In the passing month, a total of 47 properties were leased during the period 1/09/22 to 30/09/22 by our Property Management team. We are seeing a steady flow of new rentals continuing to hit the market with reduced time on market with renter demand remaining strong in Melbourne's outer east. Vacancy rates have been on the steady decline...
Adrian Lieschke in Market Updates
Market Update | 15 & 16 October 2022
It’s hard to believe, but we have officially passed the halfway mark in the Spring selling season, and as shopping centres fill with Christmas decorations, we’re reminded that the end of the year is not too far off either! We enjoyed a welcome reprieve over the weekend in Melbourne, to the heavy rainfall that drenched the city a...
Jeremy Desmier in Market Updates
Market Update | 8 & 9 October 2022
Over the weekend, we saw auction volumes increase by 30.4% across the capital cities, to 1,521 properties scheduled to go under the hammer. In Glen Waverley, we saw four bidders compete to secure the four-bedroom family home at 4 Garwain Parade. Marketed by agent Kaining Ma, the property offered a free-flowing floorplan and central location...
Jeremy Desmier in Market Updates
Market Update | 1 & 2 October 2022
On what was a beautiful Spring weekend, auction volumes across the combined capital cities increased by 18.2% to 1,167 properties scheduled to go under the hammer. The combined capitals clearance rate was 60.2%, the highest clearance rate since April, highlighting how seller and buyer price expectations are beginning to align. In Burwood on...
Jeremy Desmier in Market Updates
Spring Market Update 2022
Whether you’re a seller, buyer, or investor, knowing what’s happening in the property market is important! Join our Executive Chairman, Jeremy Desmier, and our Brand & Lifestyle Ambassador, Prue Fletcher, as they take a look at how the prime Spring selling season is progressing so far. If we can assist with any real estate...
Sarah Lowry in Market Updates
Market Update | 24 & 25 September 2022
As expected, auction volumes across the capital cities were significantly lower, due to the Grand Final on Saturday. As we move into the second month of the Spring selling season, auction volumes will increase again. In its August report, the PropTrack Home Price Index showed that Australian home prices fell in August, down 0.39%. However...
Jeremy Desmier in Market Updates
August Rental Market Update
In the passing month, a total of 66 properties were leased during the period 1/08/22 to 31/07/22 by our Property Management team. We are seeing a steady flow of new rentals continuing to hit the market with reduced time on market with renter demand remaining strong in Melbourne's outer east. Vacancy rates have been on the steady decline...
Adrian Lieschke in Market Updates
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