June Rental Market Update
In the passing month, a total of 53 properties were leased during the period 1/06/22 to 30/06/22 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 | 23 & 24 July 2022
Auction volumes across the capital cities increased to 1,471 properties scheduled to go under the hammer this weekend. This is the second week in a row that auction volumes have risen with clearance rates remaining relatively steady. Sadly, we didn’t get to enjoy the sunshine that came through on Friday and Sunday, with grey skies and...
Jeremy Desmier in Market Updates
Market Update | 16 & 17 July 2022
Auction volumes across the capital cities increased to 1,426 scheduled, an 8.3% weekly rise following three consecutive weeks of decline. Auction volumes are expected to rise further next weekend, suggesting that the school holiday distractions are passing. We really felt the Winter cold on the weekend, with gusty winds and intermittent rain...
Jeremy Desmier in Market Updates
Market Update | 9 & 10 July 2022
Across the combined capital cities, auction volumes have dropped to their lower since early February, down 4.5% from last week to 1,330 (excluding public holidays and the Federal election weekend). Once again, the drop in auction volumes will be partly due to school holidays. Despite the quieter auction week across Melbourne, a number of...
Jeremy Desmier in Market Updates
Market Update | 2 & 3 July 2022
With Winter in full swing and school holidays in play, the first auction weekend of July offered the lowest volume of properties on offer since February (excluding public holidays and the weekend of the federal election). There were just 1,397 auctions scheduled across capital cities, with the rate of sold prior actions nationally seeing an...
Jeremy Desmier in Market Updates
Market Update | 25 & 26 June 2022
It was a mixed bag with the weather on the weekend, with Saturday quite mild and then Sunday reminding us that we’re nearly in the middle of winter! On the property front, there were 1,887 auctions scheduled across capital cities, down 12.8% compared to last week. In Box Hill North, it took only one bidder for the near-new double...
Jeremy Desmier in Market Updates
2022 Winter Market Update
Join Jeremy Desmier and Prue Fletcher as they discuss what's happening in the property market so far this Winter. Of course, the main topic of conversation at the moment is the increase in interest rates, and the impact that will have on house prices. If you would like some advice on a sales and marketing strategy that suits you, please...
Jeremy Desmier in Market Updates
Market Update | 18 & 19 June 2022
There were over 2,000 auctions scheduled across capital cities this weekend, as we enjoyed stunning Winter weather in Melbourne (finally reaching 15 degrees)! Whilst the rate of properties sold prior to auction was at its highest rate since August 2021, there were still several properties that were presented for auction. In Canterbury, the...
Jeremy Desmier in Market Updates
Market Update | 11 & 12 June 2022
As expected, auction volumes were down to just under 1,000 properties scheduled to go under the hammer across the country, due to the Queen’s Birthday long weekend. Many Melburnians headed to the airport to escape the cold weather, whilst others took the opportunity to explore a little closer to home, or simply rug up and enjoy a relaxing...
Jeremy Desmier in Market Updates
May Rental Market Update
In the passing month, a total of 69 properties were leased during the period 1/05/22 to 31/05/22 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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