Market Update | 19 & 20 February 2022
The Domain Group reports that for the second year in a row, Australia’s property market has ‘hustled into a frenzy’ earlier than is historically the case. According to their most recent fortnightly report, most capital cities (including Melbourne), have all listed more properties this year than at the same time 12 months ago...
Jeremy Desmier in Market Updates
Market Update | 12 & 13 February 2022
Victorians showed their love for property over the weekend, with the busiest auction day yet for 2022 seeing many home prices soaring above expectations. The Real Estate Institute of Victoria (REIV) recorded a clearance rate of 78 per cent, with president Adam Docking saying that the healthy clearance rate, despite the number of auctions having...
Jeremy Desmier in Market Updates
Market Update | 5 & 6 February 2022
Just over 400 auction results were reported to the REIV for the first auction weekend of February 2022, with numbers expected to build over the coming weeks. Tucked privately behind a garden rich with colourful flowers, the neatly presented home at 1/13 Stott Street in Box Hill South attracted four bidders on auction day. Auctioneer Stefan...
Jeremy Desmier in Market Updates
2022 Summer Market Update
Join Executive Chairman, Jeremy Desmier and Brand & Lifestyle Ambassador, Prue Fletcher as they discuss what you can expect in the property market for 2022. The last month of Summer will see more properties go under the hammer, as activity continues to build up. The increase in supply of homes to market will improve conditions for buyers...
Sarah Lowry in Market Updates
Market Update | 29 & 30 January 2022
Happy New Year! More sellers have hit the market earlier this year, in a bid to get ahead of the competition before an increase in listings. This has translated into a busier start than the traditionally quieter summer holiday period, and greater choice for buyers. CoreLogic Research Director, Tim Lawless said that the high activity is a...
Jeremy Desmier in Market Updates
December Rental Market Update
In the passing month, a total of 52 properties were leased during the period 1/12/21 to 31/12/21 by our Property Management team. We are seeing a steady flow of new rentals continuing to hit the market with a solid increase on the volume or rentals leasing in Melbourne's outer east. Renter demand continues to remain strong with vacancy...
Adrian Lieschke in Market Updates
Market Update | January 2022
The property market finished on a high in 2021, with a record number of properties sold across the country. The Domain Group reports that it was the fastest annual rate of house price growth on record, at 21.9 per cent. We saw a change in attitude of prospective buyers, as the importance of space increased and a desire for lifestyle additions...
Jeremy Desmier in Market Updates
2021 Market Update
It’s hard to believe, but we’re about to say goodbye to 2021 and embark upon what will hopefully be a prosperous and happy New Year! Despite the impact of the pandemic on our lives throughout the year, it is amazing to reflect on the number of records that were achieved in property. A record number of properties were sold across the...
Sarah Lowry in Market Updates
November Rental Market Update
In the passing month, a total of 64 properties were leased during the period 1/11/21 to 30/11/21 by our Property Management team. We are seeing a steady flow of new rentals continuing to hit the market with a solid increase on the volume or rentals leasing in Melbourne's outer east. Renter demand continues to remain strong with vacancy...
Adrian Lieschke in Market Updates
Market Update | 18 & 19 December 2021
The final auction weekend of 2021 was the fifth consecutive ‘Super Saturday’, with close to 3,000 homes scheduled to go under the hammer across the country. Melbourne hosted its 8th busiest Saturday according to Domain’s records, at a time when the real estate market is usually winding down for Christmas. Property activity...
Rob Fletcher in Market Updates
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