Market Update | 11 & 12 December 2021
Over the weekend we saw the fourth consecutive ‘Super Saturday’, with 3,584 properties scheduled for auction across the capital cities. The continued rise in auction listings translates to greater choice for buyers, easing competition and testing seller expectations. Whilst some properties saw reduced competition over the weekend...
Rob Fletcher in Market Updates
Market Update | 4 & 5 December 2021
The first auction weekend of December was another ‘Super Saturday’, with over 3,000 properties scheduled to go under the hammer across the country. Overall, auction volumes remain elevated for this time of year, with the run of busy Saturday’s continuing to test the number of buyers active in the market. In November, pent-up...
Rob Fletcher in Market Updates
Market Update | 27 & 28 November 2021
It was another ‘Super Saturday’ over the weekend, with over 2,000 auctions scheduled across Melbourne. Buyers were spoilt for choice, with auction volumes up by 16.8 per cent from the previous weekend. The sheer number of properties up for grabs did have an impact on auction clearance rates, as the rise in homes offered for sale...
Rob Fletcher in Market Updates
Market Update | 20 & 21 November 2021
Over 1,000 auctions were held over the weekend, on the first of two Super Saturday auction events happening over the next fortnight. With more homes listed for sale in the second half of the Spring selling season, buyers have a lot more choice. In October, auction clearance rates surged from 71 per cent to 75.3 per cent, the boom coinciding...
Rob Fletcher in Market Updates
Market Update | 6 & 7 November 2021
The property market continues to enjoy a strong, belated Spring market as the Domain Group reports that Melbourne auction clearance rates reached their highest level in October for 2021. The last time clearance rates were higher was in April 2017. The number of properties going under the hammer shows that pent-up supply has entered the market...
Rob Fletcher in Market Updates
October Rental Market Update
In the passing month, a total of 54 properties were leased during the period 1/10/21 to 31/10/21 by our Property Management team, an increase of 10 additional properties leased compared to October 2020. With private inspections and now open for inspections resuming, we are seeing a steady flow of new rentals continuing to hit the market...
Adrian Lieschke in Market Updates
Market Update | 9 & 10 October 2021
This weekend saw the combined capital auction volume across the nation jump an astonishing 52 per cent compared to last week, as reported by the Domain Group. The rise here in Melbourne can be directly attributed to the easing of restrictions relating to the ability to conduct in-person, private inspections from 18 September. The REIV...
Rob Fletcher in Market Updates
September Rental Market Update
In the passing month, a total of 46 properties were leased during the period 1/09/21 to 30/09/21 by our Property Management team, an increase of over 60% and 29 additional properties leased compared to September 2020. More welcoming news was also received during September with private inspections being permitted to resume. This is sure to...
Adrian Lieschke in Market Updates
Market Update | 2 & 3 October 2021
It almost felt like a normal auction weekend for the first time this Spring, with several properties scheduled to go under the hammer. Although we weren’t able to enjoy the sunshine and usual auction vibe out the front of a property, the level of buyer interest was high and competition strong. In fact, the Domain Group reports that...
Rob Fletcher in Market Updates
Market Update | 25 & 26 September 2021
With the Grand Final in Perth, it was unusually busy for the last auction weekend in September. With kick-off at 7:15 pm WA time, there was plenty of opportunity for agents to run private inspections and call auctions online. Boasting an inspirational renovation, the iconic Glenvill home at 13 Silverene Court in Vermont South drew a lot of...
Rob Fletcher in Market Updates
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